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GRUNDHOFER SIGNS EMPLOYMENT AGREEMENT WITH FIRST BANK SYSTEM EXTENDING CONTRACT THROUGH JANUARY 1995

 MINNEAPOLIS, Jan. 28 /PRNewswire/ -- First Bank System, Inc. (NYSE: FBS) today announced that John F. Grundhofer, FBS chairman, president, and chief executive officer has signed an employment agreement extending his contract through Jan. 30, 1995. The agreement also includes an automatic one-year extension to be granted on each anniversary of the agreement unless Grundhofer or the company provides a 30 day notice in advance of the automatic extension that it will not occur.
 Grundhofer, whose initial contract expires on Jan. 29, 1993, joined the company in January of 1990.
 First Bank System is a regional bank holding company headquartered in Minneapolis with assets of $23.5 billion. The company provides complete financial services to individuals and institutions through 21 financial services companies with 218 offices primarily in Minnesota, Colorado, Montana, North Dakota, South Dakota and Wisconsin.
 -0- 1/28/93
 /CONTACT: John Danielson (investor relations), 612-973-2261, or Wendy Raway (media relations), 612-973-2429, both for First Bank System/
 (FBS)


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

MP -- MN015 -- 0496 01/28/93 17:21 EST
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Publication:PR Newswire
Date:Jan 28, 1993
Words:178
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