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METROPOLITAN FINANCIAL CORPORATION RANKED 19TH LARGEST SAVINGS INSTITUTION BY FORTUNE MAGAZINE

 METROPOLITAN FINANCIAL CORPORATION RANKED 19TH LARGEST SAVINGS
 INSTITUTION BY FORTUNE MAGAZINE
 MINNEAPOLIS, June 2 /PRNewswire/ -- Metropolitan Financial Corporation (NYSE: MFC) was ranked the 19th largest publicly traded savings institution in FORTUNE Magazine's annual listing of the Service 500 as measured by total assets, moving up from the company's listing last year as the 24th largest savings institution. Metropolitan was one of only five savings institutions in the top twenty to increase total assets during 1991.
 Of special interest to investors is the fact that Metropolitan Financial was ranked 2nd in profits as a percent of stockholders' equity and 3rd in profits as a percent of assets in the June 1, 1992 issue of the biweekly financial and business journal. This is the third consecutive year Metropolitan has been among the top ten savings institutions in return on assets (ROA).
 Metropolitan Financial was listed as 13th in total one year return to shareholders, returning 183.2 percent to shareholders in stock price appreciation, cash and stock dividends. The company recently declared a 2-for-1 stock split, payable on June 22, 1992 to shareholders of record on June 10, 1992.
 As the 19th largest savings institution, Metropolitan had total assets of $4.7 billion at Dec. 31, 1991, an improvement over total assets of $4.5 billion at Dec. 31, 1990. With total assets of $3.8 billion at Dec. 31, 1989, Metropolitan was the 47th largest savings institution that year. At March 31, 1992, the company reported that total assets increased to $5.0 billion.
 Metropolitan Financial Corporation is a regional financial services holding company. Its full service consumer savings bank, Metropolitan Federal Bank, fsb, Fargo, N.D., operates over 140 offices in 114 communities in the states of North Dakota, Minnesota, Iowa, South Dakota, Wisconsin and Arizona. At March 31, 1992, the company reported deposits of $3.97 billion.
 Metropolitan is one of the Twin Cities' largest originators of residential mortgage loans. The corporation's real estate sales and brokerage subsidiary, Edina Realty, Inc., has been rated #1 nationally in customer satisfaction by a leading consumer magazine and serves Minnesota and western Wisconsin with over 1750 sales associates in over 35 locations.
 Metropolitan Financial Corporation's common stock trades on the New York Stock Exchange, under the symbol MFC. The Series B preferred stock and warrant trade on the NASDAQ System under the symbols MFCNP and MFCNW, respectively.
 -0- 6/2/92
 /CONTACT: Susanne Heimbuch of Himle Horner, 612-893-0641, for Metropolitan Financial/
 (MFC) CO: Metropolitan Financial Corporation ST: Minnesota IN: FIN SU:


AL -- MN003 -- 6044 06/02/92 08:31 EDT
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Publication:PR Newswire
Date:Jun 2, 1992
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