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FIRST BANK SYSTEM RECEIVES FED APPROVAL TO ACQUIRE WESTERN CAPITAL

 FIRST BANK SYSTEM RECEIVES FED APPROVAL TO ACQUIRE WESTERN CAPITAL
 MINNEAPOLIS, Oct. 30 /PRNewswire/ -- First Bank System, Inc. (NYSE: FBS) today announced that the Federal Reserve Board has approved the applications of FBS and its wholly owned subsidiary, Central Bancorporation, Inc. to acquire Western Capital Investment Corporation (NASDAQ: WECA). Western Capital owns Bank Western, a Federal Savings Bank with $2.5 billion in assets, headquartered in Denver.
 The transaction is expected to close prior to Dec. 31, 1992.
 First Bank System is a regional bank holding company headquartered in Minneapolis with assets of $18.1 billion. The company provides complete financial services to individuals and institutions through 28 banks and trust companies with 161 offices located in Minnesota, Colorado, Montana, North Dakota, South Dakota, Wisconsin, Washington and California.
 -0- 10/30/92
 /CONTACT: Patricia Henning, investor relations, 612-973-2263, or Wendy Raway, media relations, 612-973-2429, both of First Bank System/
 (FBS WECA) CO: First Bank System, Inc.; Western Capital Investment Corporation ST: Minnesota, Colorado IN: FIN SU: TNM


KH -- MN006 -- 7163 10/30/92 13:51 EST
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Publication:PR Newswire
Date:Oct 30, 1992
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