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FIRST BANK SYSTEM REPURCHASES SHARES

 MINNEAPOLIS, Jan. 7 /PRNewswire/ -- First Bank System, Inc. (NYSE: FBS) today announced that it has agreed to repurchase, in a privately negotiated transaction, 900,000 shares of FBS common stock to replace a portion of the shares recently issued in connection with the consummation of the merger of FBS and Bank Shares Incorporated, the holding company for Marquette Bank Minneapolis.
 First Bank System is a regional bank holding company headquartered in Minneapolis with assets of approximately $22.5 billion. The company provides complete financial services to individuals and institutions through 25 financial services companies with 218 offices principally located in Minnesota, Colorado, Montana, North Dakota, South Dakota and Wisconsin.
 -0- 1/7/93
 /CONTACT: John Danielson, investor relations, 612-973-2261, or Wendy Raway, media relations, 612-973-2429, both of First Bank System/
 (FBS)


CO: First Bank System, Inc. ST: Minnesota IN: FIN SU:

TM -- NY100 -- 2868 01/07/93 18:28 EST
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Publication:PR Newswire
Date:Jan 7, 1993
Words:150
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