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KINNARD INVESTMENTS NAMES MULVANEY CHAIRMAN

 MINNEAPOLIS, Nov. 8 /PRNewswire/ -- Kinnard Investments, Inc., (NASDAQ-NMS: KINN) parent company of John G. Kinnard & Company of Minneapolis, and PRIMEVEST Financial Services, Inc. of St. Cloud, Minn., has named Thomas J. Mulvaney as its new chairman, effective immediately.
 Mulvaney, a 20-year employee of John G. Kinnard and long-time board member, replaces Robert R. Martin who recently stepped down to pursue other opportunities in the securities industry, and who had previously announced his resignation effective Dec. 31, 1993. In addition to his new role, Mulvaney will continue his dual responsibility as chief executive officer and president of the John G. Kinnard broker-dealer.
 "I am pleased the board has confidence in my leadership, and am grateful for the opportunity," Mulvaney said. "Kinnard Investments, Inc. has a bright future, and I hope to contribute significantly to its continued successes."
 The board also announced it has authorized the repurchase of 600,000 shares of Kinnard Investments, Inc. common stock. The repurchase is subject to market conditions, and the board may make additional repurchases in the future.
 The naming of Mulvaney as chairman culminates a long career at Kinnard for him. A graduate of St. Mary's College of Winona, Minn., he joined John G. Kinnard as sales director in February, 1973. He was later named to the posts of chief operating officer and president, before being appointed chief executive officer in 1992.
 Mulvaney is active in the community, serving on many boards and committees. He is chairman of the Financial Committee and treasurer of the board of trustees for De La Salle High School in Minneapolis; director for the Minneapolis Athletic Club board, and chairman of the House Committee; an Outstanding Alumnus award winner from St. Mary's College; a Bush Fellowship recipient; and a member of the Twin Cities Bond Club. He holds a Certified Financial Planning (CFP) designation and has served for many years on various Securities Industry Association (SIA) and National Association of Securities Dealers (NASD) committees.
 Kinnard Investments, Inc. manages two subsidiary companies. John G. Kinnard is a full-service brokerage firm with 30 branch offices in eight states across the upper Midwest and West. PRIMEVEST Financial Services, Inc. provides brokerage services for banks and other depository institutions across the United States. Both subsidiaries are members of the Midwest Stock Exchange. Kinnard Investments, Inc. is listed on the National Market System of NASDAQ and trades publicly under the symbol KINN.
 -0- 11/8/93
 /CONTACT: Matthew Kyler of Kinnard Investments, 612-370-2756/
 (KINN)


CO: Kinnard Investments, Inc. ST: Minnesota IN: FIN SU: PER

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Publication:PR Newswire
Date:Nov 8, 1993
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