퍼스트 뱅크 시스템

First Bank System
퍼스트 뱅크 시스템
퍼스트 뱅크
이전에제1은행주식회사(1929–1968)
유형공중의
뉴욕시 FBS
산업뱅킹
설립됨1864년 미네소타 미니애폴리스에서 미니애폴리스의 제1은행으로 선정
현존하지 않는1997년 8월 1일; 24년(1997-08-01)
운명미국 오리건주 밴코프 인수 후 미국 밴코프로 명칭 변경
후계자미국 반코프
본부미네소타 미니애폴리스
서비스 영역
미네소타, 몬태나, 노스다코타, 사우스다코타, 위스콘신, 콜로라도, 일리노이, 네브라스카, 아이오와, 캔자스, 와이오밍
주요인
존 그룬드호퍼

퍼스트 뱅크 시스템은 1864년부터 1997년까지 운영되었던 미네소타 주 미니애폴리스에 본사를 둔 지역 은행 지주 회사였다.한때 퍼스트 뱅크였던 것이 오늘날의 미국 뱅코프의 핵심을 이루고 있으며, 퍼스트 뱅크는 1997년에 옛 미국 뱅코프와 합병하여 미국의 뱅코프라는 이름을 갖게 되었다.

역사

퍼스트뱅크의 초기 직계존속인 미니애폴리스 제1국민은행은 1864년 설립돼 1865년 헌장을 받았다.그 은행은 차례로 개인 은행인 시델, 울포드, 코에서 성장했다.[1][2]

1929년 8월 23일, 미니애폴리스의 퍼스트 내셔널은 세인트 폴의 퍼스트 내셔널 은행(Parker, Paine, Co.)과 합병하여 퍼스트 뱅크 스톡 코퍼레이션(First Bank Stock Corporation)을 결성하였다.두 은행은 미네소타, 노스다코타, 몬타나에 있는 32개 은행의 주식을 공동으로 취득했다.[3][4][5]

1956년 2월, 퍼스트 뱅크 주식회사는 미네소타에 있는 6개 은행과 위스콘신 주 라 크로스에 있는 1개 은행에 대한 인수 보류 계획을 발표했다.[6][7]이 거래는 위스콘신주에 첫 진입을 기념하고, 몇 달 후 1956년 은행지주회사법의 통과로 미네소타 외곽에서 마지막 인수를 기록하게 되므로 이 법 조항이 점차 없어질 때까지 새로운 주간 인수를 금지하게 된다.1950년대 중반에 kened가 되었고, 그 후 10년을 없앴다.

1968년 4월, 제1은행 주식회사는 제1은행시스템 주식회사로 이름을 바꾸었다.[8]

1992년, 이 회사는 퍼스트 뱅크 플레이스라고 불리는 53층짜리 새로운 본사 건물로 입주했다.[9]완공 당시 이 건물은 미니애폴리스에서 가장 높은 건물 중 하나였다.

미네소타의 확장

1989년 5월, 퍼스트 뱅크 시스템은 아노카에 본부를 둔 북부 도시 반코프의 보류중인 인수를 발표했다.아노카 북부은행 및 포레스트호 북부은행 자회사와 함께 미공개 금액으로 주식회사.[10]

1992년 1월 퍼스트뱅크시스템은 마퀘트은행 미니애폴리스와 마퀘트은행 로체스터 자회사와 함께폴라드의 미니애폴리스에 본사를 둔 뱅크주식회사를 주식 2억3000만달러에 인수할 예정임을 발표했다.[11]연방과 주 규제 당국은 계획대로 인수를 하면 로체스터 지역의 은행 시장 점유율이 너무 크다는 이유로 인수를 차단할 계획을 세웠다는 소식을 들은 후, 10월에 인수를 수정하여 로체스터 은행의 매입을 배제함으로써 새로운 거래가 단지 목적의 거래에 불과하도록 하였다.2억 달러의 주식으로 22개의 사무실을 가진 마퀘트 은행 [12]미니애폴리스인수는 1992년 12월에 완료되었다.[13]인수 결과 퍼스트뱅크 3곳과 마퀘트 미니애폴리스 사무실 7곳이 문을 닫았다.

1993년 4월, 퍼스트 뱅크 시스템은 만카토에 본사를 둔 아메리칸 뱅샤레스와 그 아메리칸 뱅크 자회사를 미공개 금액에 인수한다고 발표했다.[14]인수는 1994년 3월에 완료되었다.[15]

1994년 7월, 퍼스트 뱅크 시스템은 약 8억 7천 7백만 달러의 주식으로 미니애폴리스에 본사를 둔 메트로폴리탄 파이낸셜 주식회사를 메트로폴리탄 연방 저축은행 자회사와 인수한다고 발표했다.[16]발표 당시 메트로폴리탄 파이낸셜은 미네소타, 네브라스카, 아이오와, 캔자스, 위스콘신, 와이오밍, 다코타스에 211개의 사무소를 두고 있었고 퍼스트뱅크는 미네소타, 콜로라도, 일리노이, 몬태나, 위스콘신, 다코타스에 215개의 사무소를 두고 있었다.1995년 1월 주식 8억 달러에 인수가 완료되었다.[17]이번 인수로 퍼스트 뱅크 시스템은 네브라스카, 아이오와, 캔자스, 와이오밍 주에 처음으로 진출하게 되었다.퍼스트뱅크는 퍼스트뱅크가 성장 잠재력이 부족하다고 판단했기 때문에 8개 주 63개 메트로폴리탄 파이낸셜 지점을 28개 은행에 매각했다.[18]

노스다코타 주의 확장

1991년 12월, 퍼스트뱅크시스템은 미공개 금액에 다코타 은행과 패고의 신탁, 헤팅거 제일은행 자회사와 함께 파고에 본사를 둔 수랜드 은행 홀딩스의 인수 보류 사실을 발표했다.[19]인수는 1992년 7월에 완료되었다.[20]노스다코타 주 규제 당국의 요구에 따라 퍼스트뱅크는 이듬해 롤라 소재 롤라 홀딩사에 헤팅거 제일은행을 매각했다.[21]

1993년 12월, 퍼스트 뱅크 시스템은 노스다코타에 있는 비스마르크 기반의 비스마르크 은행을 미공개 금액으로 인수할 예정임을 발표했다.[22][23]인수는 1994년 9월에 완료되었다.[24]

사우스다코타 주의 팽창

1994년 10월 퍼스트뱅크시스템은 웨스턴뱅크 자회사와 함께 수익스폴스 기반의 퍼스트 웨스턴 코퍼레이션 인수 미공개 금액을 발표했다.[25]인수는 1995년 3월에 완료되었다.[26]

위스콘신 주의 팽창

퍼스트 뱅크 시스템은 1956년 2월 라 크로스에 본사를 둔 바타비아 내셔널 뱅크 오브 위스콘신(National Bank of Wisconsin)의 인수 보류 사실을 발표하면서 위스콘신 주에 처음 진출했다.[7][6]

1977년 7월, 퍼스트 뱅크 시스템은 위스콘신 자회사가 통화의 컴프톨러에 의해 촉진된 거래로 병든 밀워키 미들랜드 내셔널 은행을 1,300만 했다고 발표했다.[27][28]인수 후 라크로스에 본사를 둔 위스콘신 국립은행은 퍼스트뱅크, 라크로스, 미들랜드 국립은행은 라크로스 은행의 지점이 되었고 이후 퍼스트뱅크-미들랜드 밀워키 지부로 개칭되었다.퍼스트뱅크시스템이 1956년 은행지주회사법의 허점을 통해 밀워키에 진출한 이후 밀워키에 본사를 둔 3대 은행들은 즉시 연방법원에 컴프롤러의 판결을 뒤집도록 시도했으나 성공하지 못했다.[29][30][31]

워싱턴의 일시적 팽창

1986년 9월, 퍼스트 뱅크 시스템은 연방 예금보험공사(Federal Insurance Corporation)에서 워싱턴 주 규제당국으로부터 미공개 금액으로 실패한 오막 소재 미드 밸리 뱅크 오브 오막의 인수를 발표했다.인수된 은행은 퍼스트 뱅크 워싱턴으로 이름이 바뀌었다.[32][33]

7년 후, 퍼스트 뱅크 시스템은 4개 사무소로 구성된 퍼스트 뱅크 워싱턴의 매각 보류 계획을 국내 투자자들에게 400만 달러에 발표했다.인수는 1994년 5월에 완료되었다.[34][35]

콜로라도 주의 확장

퍼스트뱅크시스템은 1988년 6월 아메리트러스트가 이 회사에 88%의 이자를 주고 나머지 12%를 인수하기 위해 1억3,500만달러에 19개 중앙은행 자회사와 함께 덴버에 본사를 둔 센트럴 반코퍼레이션의 인수 보류 여부를 발표하면서 콜로라도주에 처음 진출했다.[36]퍼스트뱅크가 센트럴에 입찰할 수 있도록 하기 위해 퍼스트뱅크는 콜로라도 주와 합의해야만 실패한 콜로라도 14개 산업은행 예금주 9,000명을 800만 달러를 지불함으로써 구제할 수 있었다.[37]인수는 1988년 12월에 완료되었다.[38]

1991년 7월, 퍼스트 뱅크 시스템은 결의 신탁 회사로부터 1,250만 달러에 실패한 오로라에 본부를 둔 의사당 연방 저축은행의 예금 및 18개 지사를 인수했다고 발표했다.[39]인수된 사무소 중 두 곳이 문을 닫았고 나머지 16개 사무소는 중앙은행 지점이 됐다.

1992년 5월, 퍼스트 뱅크 시스템은 35 로케이션 뱅크 웨스턴과 함께 덴버에 본사를 둔 웨스턴 캐피털 인베스트먼트 코퍼레이션의 주식 1억 5천만 달러에 인수 보류 중이라고 발표했다.[40]인수는 1992년 12월에 완료되었다.[41]

1992년 11월 퍼스트뱅크시스템은 덴버에 본사를 둔 콜로라도 내셔널은행 자회사와 함께 5억달러의 주식에 인수될 예정임을 발표했다.[42]인수는 1993년 5월에 완료되었다.[43]

1993년 6월, 퍼스트 뱅크 시스템은 콜로라도의 모든 지분을 콜로라도 내셔널 은행으로 합병했다.이때 이중 지점 10곳이 문을 닫았다.[44]

일리노이 주의 확장

퍼스트뱅크시스템은 1993년 9월 미국 일리노이주에 처음 입성했으며, 리글리 빌딩에 있는 버블뱅크, 시카고 국가안보은행, 제1국민은행 데스플레인스, 다우너스 그로브 자회사와 함께 2억 달러에 매각될 예정이었다.재고로[45][46]인수는 1994년 3월에 완료되었다.[47][48]네 개의 독립된 자회사 은행들이 합쳐져서 주 전역에 걸쳐 10개의 사무실을 가진 퍼스트 뱅크 일리노이 주를 이루었다.

네브라스카의 팽창

퍼스트 뱅크 시스템은 1995년 1월 미네소타 소재 메트로폴리탄 파이낸셜 인수를 통해 네브라스카에 처음 진출했다.

1995년 6월, 퍼스트 뱅크 시스템은 공개 금액에 대한 두 번의 별도 거래로 오마하 남서 은행과 오마하 제일 은행의 인수 보류 상황을 발표했다.[49][50][51]두 인수 모두 1995년 11월에 완료되었다.[52]

1995년 8월, 퍼스트 뱅크 시스템은 오마하에 본사를 둔 퍼스트리에 파이낸셜 주식 7억 달러에 인수 보류 중이라고 발표했다.[53][54]1996년 2월 주식 9억800만 달러에 인수가 완료됐다.[55]인수를 완료한 후 메트로폴리탄 연방저축은행, 사우스웨스트뱅크, 오마하 제일은행의 사무실이었던 네브래스카의 모든 사무실을 합병하여 퍼스트뱅크 네브라스카를 설립하였고, 28개의 사무소는 문을 닫았고 65개는 유지되었다.[56]

미국 반코프

1997년 3월 퍼스트뱅크시스템은 오리건주 포틀랜드에 본사를 둔 미국 밴코프를 주식 90억 달러에 인수할 예정임을 발표했다.[57][58][59]발표 당시 미국 오리건주의 밴코프는 오리건, 워싱턴, 캘리포니아, 아이다호, 유타에 은행사무소를 두고 있었고, 퍼스트뱅크시스템은 미네소타, 콜로라도, 네브라스카, 노스다코타, 사우스다코타, 몬태나, 아이오와, 일리노이, 위스콘신, 캔자스, 와이오밍에 은행사무소를 두고 있었다.인수 조건에 따르면 퍼스트뱅크시스템은 명목상의 생존자가 되며, 합병된 회사는 미니애폴리스에 있는 퍼스트뱅크 본사에 본사가 있게 된다.그러나 합병된 은행은 더 인정받을 수 있는 미국 방코프라는 이름을 갖게 되었다.존 F. 그룬드호퍼 퍼스트뱅크 회장 겸 최고 경영자는 게리비(Gerry B)가 맡았고, 새 회사의 사장 겸 최고 경영자로 임명됐다.미국 오리건주 밴코프(Bancorp)의 회장 겸 최고경영자(CEO)인 캐머런은 1998년 은퇴할 때까지 갖고 있던 새 회사의 회장으로 선임됐다.인수는 1997년 8월에 완료되었다.[60]약 4000개의 일자리가 없어졌는데, 대부분이 포틀랜드에서 이루어졌다.[61]

참조

  1. ^ "History: Learn how our past is shaping our future".
  2. ^ "U.S. Bank: A Rich Heritage".
  3. ^ "은행 그룹 북서부의 거대한 Combine에".로스 앤젤레스 타임즈.8월 23일 1929년. 페이지의 주 15.새로운 3억 5천만달러 지주 회사의 형성, 북서부 쪽에달러 341,000,000 이상의 자원을 가지34명이 은행을 조정하고 오늘 발표되었다.북서부 쪽에 이 새로운 회사, 제1은행이 증권 회사로 알려진 가장 큰 금융 기관.기구는 새로운 지주 회사의 비스마르크, N.D.에 미네아 폴리스, 세인트 폴의 퍼스트 내셔널 은행 4장의 커다란 몬타나 주 은행들의 파트너쉽 제휴와 하나를 가져올 것이다thirty-four 은행들이 사상 새로운 회사는 제일 은행 증권 투자 회사에 의해 제어되는데, 17살 여기 지난 봄을 만들었다의 지시에 포함되어 있다.대략달러 70,000,000 제1은행이 증권 회사 주식의 은행들은 인가 시가 총액의 나머지에 미래의 확장에 열리는 지주 회사 또는 입력의 재고용 교환에 발행될 것이다.대체 링크 ProQuest을 통해
  4. ^ "자원달러 341,000,000 중으로:미니애 폴리스 1일 국립장들 기구 37은행은 합병하다.".시카고 데일리 트리뷴.8월 23일 1929년. 페이지의 주 7. 기구는 북서부에서 가장 위대한 금융 회사.불 341,000,000 37대의 통합 자원, 오늘 퍼스트 내셔널 은행. 미니애 폴리스와 세인트 폴달러에 달하는 250,000,000을 들고 회사를 창설하였다에 의해 발표되었다.제1은행이 증권 회사로 알려진, 그 지주 회사는 중앙 시스템은 쌍둥이 도시에 본부에서에 미네소타 북부와 남부의 다코타와 몬타나의 34개 은행들 뭉칠 것이다.새로운 관심사가 제일 은행 증권 투자 회사, 지난 봄 조직의 17개 은행들의 운용권을 가질 거야..제1은행이 증권 회사의. 반면 조지 H. 왕자, 퍼스트 내셔널의 세인트 폴의 회장, 사장이다 CT를 발명한 2,650여, 수정이라는 선 철도의 대통령, 이사회의 의장으로서 새로운 조직을 이끌 예정이다.감독들도 주도하는 철도는 북서부 영토에 대한 서비스의 회장 등 4명이다.대체 링크 ProQuest을 통해
  5. ^ "트윈 시티 은행 합병".월 스트리트 저널.8월 24일 1929년. 페이지의 주 7.FirstNational은행 미니애 폴리스의 퍼스트 내셔널 은행의 세인트 폴 제일 은행 증권사달러 250,000,000의 자원을 합병할 것이다.그 회사 두 은행, 4몬타나 은행, 한 노스 다코타 은행, 제일 은행 증권 투자는 34은행을 지배하고 있는 18은 미네소타에 빠진 이들의를 제어할 것이다.재료를 얻을 수 있도록 보드의 C.T. 2,650여, 미니애 폴리스의 될 것이다 회장과 조지 H. 왕자, 세인트 폴 사장달러 341,000,000 달할 것이다.대체 링크 ProQuest을 통해
  6. ^ a b "6은행들은 지주 회사에 가입해도 될까".뉴욕 타임즈도요.2월 7일 1956년, 페이지의 주 45.협상은 진행 중 주식의 미네소타에 5개 은행과 한명의 위스콘신에서 제일 은행 증권 주식 회사와, 지주 회사 자체 제휴할 수 있는 교환을 위한 것이다.은행들은달러 119,000,000의 자원 총 가지고 있는 제일 은행 증권 시스템에 참가하려고 하다.다음과 같다 미네소타 은행: 있다.북부 미네소타 주 국립 은행, 덜루스, 덜루스 국립 은행, 덜루스;FirstNational은행 Hibbing의;FirstNational은행 버지니아, 워싱턴 국립 은행.그 위스콘신 은행은 바타비아의 국립 은행, 라크로스.제일 은행 증권 회사는 지주 회사 시스템 미네소타 노스 다코타 주, 사우스 다코타와 몬타나에 76. 은행을 망라하다.대체 링크 ProQuest을 통해
  7. ^ a b "7은행들은 Merging".뉴욕 헤럴드 트리뷴.2월 4일 1956년, p. A3이다.달러짜리 119,000,000 거래에 위스콘신에서 5미네소타 은행과 다른 제일 은행 증권사는 미니애 폴리스와 세인트 폴로 자신들 제휴할 것이다 협상하고 있다.은행들은 작용했습니다. 북부 미네소타 주 국립 은행 덜루스 캠퍼스달러 61,298,201의 자원, 덜루스 국립 은행 덜루스 캠퍼스달러 9,463,581의 자원들과 함께;FirstNational은행 Hibbing, 미네소타 주 무어헤드불 14,405,080의 자원들과 함께;FirstNational은행 버지니아, 미네소타 주 무어헤드불 13,344,043의 자원, 워싱턴 국립 은행 워싱턴. 미국 미네소타 주 무어헤드에 있다.달러 7,411,221의 자원, 바타비아의 국립 은행 라 크로스, 아이오아 주 데스 모이 네스, 미주리주의달러 13,412,721의 자원들과 함께.회사 관계자들은 제안된 주식 교환을 강조했다...링크 ProQuest을 통해
  8. ^ "Banking Concern Changes Name". Wall Street Journal. April 25, 1968. p. 3. Shareholders of First Bank Stock Corp., a bank holding company, approved a change in the name of the corporation to First Bank System Inc. at the annual meeting. ProQuest를 통한 대체 링크.
  9. ^ "Minneapolis / Skyscraper celebration set". Minneapolis Star-Tribune. October 17, 1992. p. 02B. First Bank Place officially opens with a grand celebration tonight. The 53-story skyscraper complex on 3rd Av. between 6th and 7th Sts., designed by architect James Freed of Pei, Cobb, Freed & Partners of New York, has been part of the downtown Minneapolis skyline for two years but the interior was just finished this month. The taller of its towers, on 6th St., has been occupied by First Bank System.
  10. ^ Brook, Steve (May 19, 1989). "First Bank to Buy 2 Suburban Banks//assets Of Acquisitions Total $99 Million". St. Paul Pioneer Press. p. 1E. Continuing the march of Minneapolis' twin banking giants into the suburbs, First Bank System said Tuesday it plans to buy banks in Anoka and Forest Lake with assets of $99 million. First will acquire Northern Bank and Northern National Bank from Northern Cities Bancorp. Inc. Terms of the deal, in which Northern Cities' shareholders will get First stock, were not announced.
  11. ^ St. Anthony, Neal & Kennedy, Tony (January 17, 1992). "FBS to buy Pohlad banks - Proposed First Bank-Marquette deal would be largest in Twin Cities history". Minneapolis Star-Tribune. p. 01A. First Bank System reached preliminary agreement Thursday to buy Carl Pohlad's Marquette Bank Minneapolis and Marquette Bank Rochester in a $230 million stock deal. The proposed merger, the biggest in Twin Cities banking history, would make Pohlad the second-largest owner of First Bank common stock. Under terms of the deal, Pohlad would get 9.4 million shares of FBS stock valued at $24.50 per share in return for all of the shares in Bank Shares Inc., the privately held holding company that owns Marquette Bank Minneapolis and Marquette Bank Rochester. Marquette Bank Minneapolis includes 22 offices; Marquette Bank Rochester operates five. The sale does not include 10 other Marquette banks in Minnesota with 17 offices. Pohlad, 76, would retain an estimated $2.1 billion in banking assets in nine states. He could not be reached for comment last night. The deal, which must be approved by regulators and Bank Shares shareholders, is expected to close next fall.
  12. ^ St. Anthony, Neal (October 23, 1992). "First Bank System, Bank Shares Inc. to exclude Marquette Bank Rochester from merger plans - Justice Department said deal would limit competition in area". Minneapolis Star-Tribune. p. 01D. First Bank System and Carl Pohlad's Bank Shares Inc. will exclude Marquette Bank Rochester from their proposed merger to satisfy antitrust concerns of the U.S. Department of Justice and the Minnesota attorney general. The announcement came late Thursday, after the release of a Justice Department letter to the Federal Reserve Board that recommended it deny the acquisition of the Rochester, Minn., bank because it would inhibit competition for commercial borrowers in Olmsted County... The revised agreement for Bank Shares, essentially 22-office Marquette Bank Minneapolis and related affiliates, calls for an exchange of 8.2 million shares of FBS common stock valued at about $200 million. The previous deal, announced last January, was valued at $230 million. Marquette Bank Minneapolis has assets of about $2.1 billion.
  13. ^ "Bank Acquisition Complete". St. Paul Pioneer Press. January 1, 1993. p. 9C. First Bank System said Thursday it has completed its previously announced acquisition of Bank Shares Inc. and its 22 Marquette Bank locations in the Twin Cities area with $2.1 billion in assets. Terms were not disclosed. The $22.5 billion-asset First Bank System has said it will close three First Bank and seven Marquette Minneapolis offices by mid-1993, leaving it with 58 Twin Cities offices. First Bank terminated some Marquette Minneapolis employees in December.
  14. ^ St. Anthony, Neal (April 28, 1993). "FBS agrees to buy bank in Mankato". Minneapolis Star-Tribune. p. 03D. First Bank System (FBS), which runs the second-largest bank in Mankato, has agreed to buy the third-largest financial institution in the south-central Minnesota regional hub. The acquisition would further FBS's strategy of expanding its market share in six states where it has significant banking presence. FBS has agreed to buy privately held American Bancshares, which owns American Bank Mankato and Eagle Insurance Agency. American Bancshares, with $120 million in assets, also operates offices in three nearby towns. Terms were not disclosed.
  15. ^ St. Anthony, Neal (March 1, 1994). "FBS completes Mankato acquisition". Minneapolis Star-Tribune. p. 03D. First Bank System has completed its previously announced acquisition of American Bancshares and Eagle Insurance Agency of Mankato, Minn. FBS paid about $15.6 million in stock, according to a recent filing with the Federal Reserve Board, to the owners of Mankato's American Bancshares. American is a $119 million-asset institution that also has offices in three nearby southern Minnesota towns... FBS plans to merge American Bank into its existing Mankato-based operation, which had assets of about $171 million last year. FBS has legally merged its several Minnesota banks into its Minneapolis-based First Bank under a statewide branch banking law enacted by the 1993 Legislature.
  16. ^ "Bank May Offer Up to $877 Million For Metropolitan". Omaha World-Herald. July 1, 1994. p. 16. First Bank System Inc. said it signed a letter of intent to acquire Metropolitan Financial Corp. for as much as $877 million in stock. The acquisition of Minneapolis - based Metropolitan Financial will almost double First Bank System's branch network to 426 offices spanning 11 Midwestern and Rocky Mountain states. The purchase also will allow First Bank to enter Nebraska, Iowa, Kansas and Wyoming, where Metropolitan has branches, and give it the No. 1 market share in several cities in North Dakota and South Dakota. Metropolitan Financial has $8 billion in assets and 211 offices in Minnesota, Nebraska, Iowa, Kansas, Wisconsin, Wyoming and the Dakotas. First Bank System has $26.5 billion in assets and more than 215 offices in Minnesota, Colorado, Illinois, Montana, Wisconsin and the Dakotas.
  17. ^ St. Anthony, Neal (January 25, 1995). "FBS, Metropolitan shareholders OK deal". Minneapolis Star-Tribune. p. 03D. The shareholders of First Bank System and Metropolitan Financial Corp. on Tuesday approved FBS' previously announced purchase of Metropolitan for about $800 million in FBS common stock. Metropolitan, one of the nation's fastest-growing thrifts for a decade, had assets of $7.9 billion and deposits of $5.5 billion as of Dec. 31. Metropolitan operates 200 offices through Metropolitan Federal Bank in North Dakota, Minnesota, Iowa, Nebraska, Kansas, Wyoming, South Dakota, Wisconsin and Arizona. It also owns Edina Realty and Equity Title. The deal gets FBS, with $26.2 billion in assets, into Kansas, Nebraska and Wyoming.
  18. ^ Moylan, Martin J. (February 4, 1995). "FBS Sells Metropolitan Banks". St. Paul Pioneer Press. p. 1B. First Bank System on Friday sold 63 Metropolitan Financial banks that lacked the potential to increase their market shares and operate as profitably as FBS would like. Twenty-eight community banks bought the 63 branches, which are in eight states and had about $961 million in combined deposits as of Dec. 31. Sale prices were not disclosed... In Minnesota, FBS sold 17 Metropolitan branches with $233.6 million in deposits. The biggest customer was People's National Bank of Mora, which bought Metropolitan offices in Aitkin, Crosby and Mora with $33 million in deposits. Other Minnesota Metropolitan offices sold were in Blue Earth, Chisholm, Sleepy Eye, Elbow Lake, Wheaton, Gaylord, Granite Falls, Madison, Montevideo, Ortonville, Pelican Rapids, Perham, Sauk Centre, and Starbuck. FBS sold five branches in Barron, Bloomer, Rice Lake, and Spooner Wis., with $63.7 million in deposits to First Federal Bank of Eau Claire. It also sold two branches in Arizona with $49.6 million in deposits, ten in Iowa with $172 million in deposits, seven in Kansas with $96.2 million in deposits, 11 in North Dakota with $190 million in deposits, and two in South Dakota, $25.5 million in deposits.
  19. ^ "First Bank Buys Fargo, Hettinger Banks". Grand Forks Herald. December 17, 1991. p. 5B. First Bank, System Inc. has agreed to buy Siouxland Bank Holding Co., which owns banks in Hettinger and Fargo. If the transaction is approved by federal regulator, the two banks would become part of First Bank of North Dakota, which has offices in Fargo, Bismarck, Grand Forks, Jamestown and Minot. The two banks being bought out, Dakota Bank and Trust of Fargo and First National Bank of Hettinger, will continue to operate normally until federal approval is received, said Ray Lamb, chairman of Dakota Bank and Trust.
  20. ^ St. Anthony, Neal (July 1, 1992). "N.D. panel approves FBS purchase". Minneapolis Star-Tribune. p. 03D. North Dakota's Banking Board Tuesday approved First Bank System's (FBS) $22 million stock purchase of Siouxland Bank Holding Co.... FBS will retain Dakota Bank and Trust of Fargo, which has $159 million in assets. It plans to divest the First National Bank of Hettinger, which has $21 million in assets.
  21. ^ "FBS Institution to Be Sold". St. Paul Pioneer Press. April 24, 1993. p. 2B. First Bank System said Friday it has agreed to sell the First National Bank of Hettinger, N.D., to Rolla Holding Co. of Rolla, N.D... Terms were not disclosed. The $22.2 billion-asset FBS acquired the Hettinger bank last year as part of its acquisition of Siouxland Bank Holding Co., which had banks in Fargo and Hettinger. FBS agreed in June 1992 to divest the Hettinger bank as part of an agreement with North Dakota state regulators.
  22. ^ "제일 은행 시스템 획득".월 스트리트 저널.1993년 12월 27일. 페이지의 주 14.제일 은행 시스템'가 밀접하게 점령한 미국 은행 비스마르크의 노스 다코타 주에 획득해야 할 합의했다고 말했다.조건 공개되지 않았습니다...유나이티드 은행은 2천 3백만달러의 자산이 이 회사의 제일 은행 노스 다코타 N.A.과 통합될 것이다대체 링크 ProQuest을 통해
  23. ^ DePass, Dee (December 24, 1993). "First Bank Systems signs agreement to acquire United Bank of Bismarck - Deal would double First's presence in N.D. city where it has three branches". Minneapolis Star-Tribune. p. 01D. First Bank System Inc. has done some early Christmas shopping and selected yet another gift for itself - the United Bank of Bismarck in North Dakota. In a deal announced Thursday, First has signed a purchase agreement that would double its presence in Bismarck and allow it to gain the same local market share as competitor Norwest Bank. First and United now have three branches each in Bismarck. If the deal goes through, First will acquire a bank that had $123 million in assets and $107 million in deposits after nine months of 1993... FBS's recent acquisition activity includes the third-quarter agreement to buy Boulevard Bancorp in Chicago. In May, FBS closed on Colorado National, which added $3.1 billion in assets and 24 banking offices to the FBS operation. And in the first quarter of the year FBS closed on U.S. Bancorp Corporate Trust subsidiaries in Portland and Seattle... First has three offices in Bismarck and eight in the rest of the state. United has four offices, three in Bismarck and one in Beulah. If the two banks merge into one system, customers can bank at 14 branches seven days a week and have access to more than 1,000 Fastbank automatic teller machines. First Bank System, headquartered in Minneapolis, has $26 billion in assets and runs nine banks and other financial institutions in Minnesota, Montana, Colorado, North Dakota, South Dakota and Wisconsin.
  24. ^ "First Bank Buy Complete". St. Paul Pioneer Press. September 13, 1994. p. 2F. First Bank System said it has completed the purchase of United Bank of Bismarck, a North Dakota bank that has assets of $123 million. United Bank, which has three locations in Bismarck and one in Beulah, will be consolidated with First Bank of North Dakota.
  25. ^ DePass, Dee (October 19, 1994). "First Bank System signs agreement to buy S.D. bank holding company with 9 branches - First Western Corp. includes 3rd-largest bank in Sioux Falls". Minneapolis Star-Tribune. p. 01D. First Bank System Inc. said Tuesday it has signed an agreement to buy First Western Corp., a South Dakota bank holding company with nine bank branches and $323 million in bank assets as of Sept. 30... First Western owns Western Bank in Sioux Falls, S.D., which is the third-largest bank in town. Norwest and Citibank are the largest players there. However, FBS currently operates four branches there. With the acquisition of Western Bank, it will have $480 million in combined deposits in Sioux Falls, said FBS spokeswoman Wendy Raway. Western Bank has six branches in Sioux Falls and branches in Colton, Hartford and Humboldt, S.D. The bank boasted 1993 earnings of $4.1 million and a 1.36 percent return on assets... First Bank of South Dakota has eight banking offices in Aberdeen, Rapid City and Sioux Falls and about $1.2 billion in assets in that state... Minneapolis-based FBS is a regional bank holding company with $26.3 billion in assets. The company provides financial services to individuals and institutions through 9 banks and 225 offices located primarily in Minnesota, Colorado, Montana, North Dakota, South Dakota, Wisconsin and Illinois.
  26. ^ "First Bank Buys S. Dakota Firm". Omaha World-Herald. March 17, 1995. p. 18. First Bank System Inc. said Friday it has completed its acquisition of First Western Corp., parent company of Western Bank in Sioux Falls, S.D. Western Bank had assets of $317 million and deposits of $267 million, with six branch offices. First Bank has 12 offices in South Dakota and also operates in Minnesota, Colorado, Montana, North Dakota, Wisconsin, Illinois, Iowa, Kansas, Nebraska and Wyoming.
  27. ^ "Ailing Midland National Is Sold For $13 Million". Wall Street Journal. July 25, 1977. p. 12. Customers of ailing Midland National Bank will notice that the bank has a new name today--First Bank-Midland Milwaukee Division. ProQuest를 통한 대체 링크.
  28. ^ "4일 Largest 은행 위스콘신에서 품절".뉴욕 타임즈도요.7월 25일 1977년. 페이지의 주 36.중부의 국립 은행 밀워키의, 위스콘신 주의 4번째로 큰 은행이 은행 시스템 주식 회사 Minneapolis-St의 회원 은행에 팔렸다.폴, 회사 관계자 오늘 발표했다.국립 은행은 위스콘신 주 라 크로스에서Minneapolis-based 지주 회사가 계열사인 미드 랜드 1300만달러, 즉 1달러 9.50 주당을 지불했다.제일 은행 관계자는 말했다.그 판매는 몇달 전에 1,000만달러가 미들랜드의 자기 자본을 늘리기 위해 공동 감사원장도 통화에서 지침을 따른다.대체 링크 ProQuest을 통해
  29. ^ "미국 감사원장도 그는 혼인 3밀워키 뱅크스까지 수집 때문에".월 스트리트 저널.1월 23일 1978년. p. 13.3밀워키 은행들과 부모 지주 회사 매디슨 위스콘신 와우에 있는 연방 법원에서 미국 통화 감사원장의 전 중부 지방의 국립 은행 획득하는 제일 은행 시스템 주식 회사 단위 허가에 대한 국가 은행 법을 위반했다고 주장하는 소송을 냈다.Plaintiffs 있마샬 &일슬리 코퍼, 그것의 M&1세 마샬&Ilsley 은행. 해양 공사와 자회사인 국립 해양 외환 은행 밀워키의, 및 내륙권 유산 공단, 유산 은행 밀워키의 부모.대체 링크 ProQuest을 통해
  30. ^ "위스콘신 프롬프트 소송에서 은행 인수".시카고 트리뷴.1월 21일 1978년. p. G8.3밀워키 은행 미국 지방 법원에 통화의 미국 회계 감사관과 제일 은행 시스템, Inc. 미네소타 주에 대한 전 중부 지방의 국립 은행의 미네소타 회사의 라크로스 자회사의 인수에 도전하고 소송을 제기한.대체 링크 ProQuest을 통해
  31. ^ "제일 은행 시스템 주식 회사우승한 Dismissal의 밀워키 Merger".월 스트리트 저널.7월 9,1980년. p. 29일이야.연방 판사 휴버트 윌 세명의 은행 지주 회살 때 미드 랜드 국립 은행을 인수한이 제일 은행 시스템 주식 회사 불법적으로 3년 전에 행동에 대한 주장을 일축했다.그는 원고 어떻게 인수를 통했다 지정하지 못 했다고 판정했다...미들랜드에 퍼스트 Bank-Milwaukee고 제일 은행, 라크로스, 아이오아 주 데스 모이 네스, 미주리주 제일 은행 시스템의 자회사가 되지부가 이름을 바꿨다.대체 링크 ProQuest을 통해
  32. ^ Blade, Joe (September 3, 1986). "First Bank System buys Washington state bank - Move allows expansion to a sixth state". Minneapolis Star-Tribune. p. 01M. First Bank System, Inc., has gained a foothold in Washington state that advances its strategy of expanding across state lines to the south and west. By acquiring a small, failing bank in Omak, Wash. (1980 population 4,007), First Bank System gains the right to buy and charter banks in the state, according to DeWalt Ankeny Jr., chairman of the Minneapolis bank holding company. First Bank System already owns banks in Minnesota, Wisconsin, North Dakota, South Dakota and Montana... First Bank System took over Mid Valley Bank and set up a newly chartered bank named First Bank Washington. The company's offer to insert $6.2 million in capital bested any offer from banks within the state. Washington law allows failing banks to be acquired by out-of-state buyers if their offers are superior to those made by banking companies within the state.
  33. ^ "First Bank Buys Omak Institution". Seattle Post-Intelligencer. September 2, 1986. p. B7. First Bank Washington has purchased financially troubled Mid Valley Bank of Omak, state Banking Supervisor Thomas Oldfield announced Sunday. First Bank Washington is a newly chartered state bank owned by First Bank System Inc. of Minneapolis, Oldfield said. The state banking supervisor took possession of Mid Valley Bank Friday after determining the bank was insolvent following years of high loan losses... First Bank System agreed to maintain adequate capital levels in the new bank, Oldfield said, and the Federal Deposit Insurance Corp. facilitated the transaction by purchasing loans with a book value of $3.5 million. As part of the agreement, First Bank Washington will continue operations of Mid Valley's four offices in Okanogan Valley.
  34. ^ Virgin, Bill (October 20, 1993). "Minneapolis Bank Pulling Back From Move Into State - Omak-Based Operation Sold to Local Investors". Seattle Post-Intelligencer. p. B5. First Bank System, the giant Minneapolis-based company that once had big plans for Washington, is instead pulling out of retail banking in the state. First Bank has an agreement to sell its four-office First Bank Washington, headquartered in Omak, to a group of local investors for $4 million. The investors have formed a holding company, Sentinel Bancorporation... First Bank bought the insolvent Mid Valley Bank of Omak after it had been taken over by state regulators in 1986. At the time, the only way for an out-of-state bank to move into the Washington market was to buy a financially ailing institution. That was the result of legislation which allowed BankAmerica to acquire the then-reeling Seafirst.
  35. ^ "Wenatchee Bank Expands North: Central Washington Bank Acquires First Bank, Stretching Holdings Into Okanogan County". Wenatchee World. May 3, 1994. p. 9. First Bank Washington opened the doors of its offices in Omak, Brewster, Tonasket and Oroville Monday under a new name - North Central Washington Bank. Its purchase by Central Bancorporation of Wenatchee, holding company of Central Washington Bank, was formally announced Saturday by Gary Bolyard, president and chief executive officer of Central Bancorp and president of Central Washington Bank. First Bank had been owned by First Bank Systems Inc., Minneapolis, Minn. The amount of the all-cash purchase was not disclosed, but Bolyard said North Central Washington Bank has $55 million in assets.
  36. ^ Heilman, Wayne (June 22, 1988). "Minneapolis firm will purchase Central banks - Part of deal to help customers of failed industrials". Cedar Rapids Gazette. p. 8. First Bank System Inc. of Minneapolis said Tuesday it agreed to pay $135 million for controlling interest in Central Bancorporation Inc., Colorado's fourth largest bank holding company. First Bank, the nation's 24th largest bank holding company with $25.6 billion in assets, won the right to acquire Central on Monday, when state officials accepted the company's offer to pay $8 million to depositors in 14 failed Colorado industrial banks. The bid was part of a plan approved by the Legislature in April to repay the depositors. In addition to buying 88 percent interest in Central from AmeriTrust Corp. of Cleveland, First Bank said it will acquire the rest of the stock from minority shareholders for $17.5 million. It expects to complete the purchase by year-end if it is approved by federal regulators. First Bank said it will sell long-term bonds to finance the deal. Central owns 19 Colorado banks, including four in Colorado Springs, with nearly $2 billion in assets. It also owns 45 percent of the Rocky Mountain Bankcard System.
  37. ^ "Minneapolis firm bids for Central - Help for industrials' customers". Cedar Rapids Gazette. June 3, 1988. p. 10. First Bank System Inc. of Minneapolis has agreed to help bail out 9,000 industrial bank depositors in 14 failed Colorado industrial banks in return for the right to enter the state and acquire a leading bank holding company... Under an industrial bank bailout bill passed last April, out-of-state banks could enter the state beginning July 1 provided they agree to pay the premium that will be used to refund depositors' savings. Banks agreeing to pay the premium get a 2 1/2-year jump on other banks wishing to enter Colorado.
  38. ^ "Business Briefing". St. Paul Pioneer Press. December 3, 1988. p. 8C. First Bank System, Minneapolis, has completed its acquisition of Central Banks of Colorado by purchasing the 88 percent share owned by Ameritrust Corp. First Bank paid $135 million for Ameritrust's interest in Central Banks and will pay $19 million to acquire the interests of minority investors.
  39. ^ Brook, Steve (July 13, 1991). "First Bank Buys Deposits Of Failed S&L//purchase Expands Colorado Holdings". St. Paul Pioneer Press. p. 9C. First Bank System said Friday it has bought the deposits and branches of Capitol Federal Savings, a failed Colorado savings and loan. Minneapolis-based First paid the Resolution Trust Corp. $12.5 million for the S&L's deposits of $695 million. As part of the deal, First will buy a $140 million portfolio of mostly residential mortgage loans at a "substantial" discount and plans to exercise an option to buy a 155-machine automated teller network, said chief financial officer Rick Zona. First will reopen the failed S&L's 18 branches today as branches of its Denver-based banking subsidiary, Central Banks. Zona said First eventually will merge two Capitol branches into nearby branches of Central, which First bought in 1988.
  40. ^ Rebchook, John (May 1, 1992). "Bank Firm Buying Big Colo. S&L First Bank to Pay $150 Million for Bank Western Parent Firm". Rocky Mountain News. p. 64. First Bank System Inc. Thursday agreed to purchase the parent of Bank Western for more than $150 million, creating a $5 billion financial powerhouse that will be the second largest in the state. When the purchase is completed, First Bank System, which also owns Central Banks, will be second only to Norwest, formerly United Banks, said Scott Crosby, chief financial officer of Western Capital Investment Corp., parent of Bank Western. Central Banks bought the failed Capitol Federal thrift last July. Western Capital, with 35 branches, has assets of $2.4 billion and is the largest remaining thrift holding company based in Colorado. Central Banks, which has 35 Colorado locations, has $2.5 billion in assets.
  41. ^ St. Anthony, Neal (December 19, 1992). "First Bank System completes purchase of Western Capital - FBS on way to becoming Colorado banking leader". Minneapolis Star-Tribune. p. 01D. First Bank System (FBS) Friday closed the purchase of Colorado's Western Capital Investment Corp., marking the next step in its plan to build that state's single-largest banking franchise. The $150 million stock deal gives FBS an additional 35 offices in Denver and adjacent communities... In 1991, FBS consolidated a big, defunct savings and loan company into its existing $1.8 billion-asset Central Banks of Denver... n addition to digesting Bank Western, FBS is buying and merging Carl Pohlad's Marquette Bank Minneapolis into its flagship First Bank Minneapolis. Also, it expects to close next year on Colorado National Corp. At $3.2 billion in assets, Colorado National is that state's largest remaining independent banker. FBS, which is buying Colorado National in a $525 million stock deal, is expected to end up with Colorado's biggest banking operation by the end of next year: about $8.5 billion in loans, investments and other assets in more than 90 offices. That includes Rocky Mountain BankCard System - a huge regional servicer of bank credit cards and automatic teller machines. FBS eventually will operate its merged Colorado banks under the Colorado National name, headed by Colorado National Chairman Will Nicholson Jr.
  42. ^ Quint, Michael (November 10, 1992). "Takeover Set For a Bank In Colorado". New York Times.
  43. ^ "FBS Buys Colorado Bank". St. Paul Pioneer Press. May 29, 1993. p. 5C. First Bank System on Friday completed its previously announced acquisition of Colorado National Bankshares, making FBS the Rocky Mountain state's biggest banking organization, with about $8 billion in assets. FBS shareholders approved the acquisition Friday, after Colorado National shareholders approved it Thursday. Federal Reserve Board approval was received on March 29. Colorado National is the largest commercial bank in Colorado, with $2.9 billion in assets, $2.5 billion in deposits and $270 million in common equity as of the first quarter of 1993. Minneapolis-based First Bank's other Colorado holdings include the $2.5 billion-asset Central Banks and the $2.5-billion asset Bank Western.
  44. ^ Wilmsen, Steven (June 15, 1993). "First Bank to close 10 offices - Cuts latest phase in 3-way merger of Colo. National". Denver Post. p. 1C. Minneapolis-based First Bank Systems plans to close 10 metro-area offices of its Colorado subsidiaries during the last wave of cuts in its three-way merger of Central Banks of Colorado, Bank Western Federal Savings and Colorado National Bankshares. Accounts at the closed banks will be moved to other nearby offices. The changes are expected to take place July 24, when all First Bank's Colorado holdings will take the name Colorado National.
  45. ^ Stangenes, Sharon (September 30, 1993). "1st Bank To Buy Boulevard". Chicago Tribune.
  46. ^ Chandler, Susan (September 30, 1993). "Minn. Giant Buys Boulevard Bank". Chicago Sun-Times. p. 51. In a move that brings yet another super-regional banking powerhouse to Chicago, First Bank System of Minneapolis said Wednesday it is buying Boulevard Bancorp for about $200 million. First Bank, known for aggressive cost-cutting, is planning to take an axe to Boulevard's stack of troubled real estate loans and its work force of almost 600 employees. It seeks to cut costs by at least 40 percent, said a top executive... Boulevard, headquartered in the Wrigley Building on North Michigan Avenue, put itself up for sale last month after its largest shareholder, the Miami Corp., became impatient with its poor earnings and lagging stock performance. First Bank - which doesn't own any Illinois banks - is paying $25.25 a share in stock for Boulevard, the 11th-largest banking company in Chicago with $1.5 billion in assets.
  47. ^ "FBS Buys Illinois Banks". St. Paul Pioneer Press. March 26, 1994. p. 2B. First Bank System said Friday that it has completed its purchase of Boulevard Bancorp, a Chicago-based commercial bank holding company with $1.6 billion in assets and $1.2 billion in deposits. Boulevard shareholders approved the purchase at a meeting Friday in Chicago. Boulevard has banking locations in Chicago, Des Plaines and Downers Grove, Ill. Minneapolis-based FBS said it will convert the 10 banks to FBS systems and products by late April. At that time, all Boulevard banks will begin using the First Bank name and will become branches of First Bank National Association, the new legal name for the bank in Illinois. FBS also said it would open branches of its residential mortgage company in the Des Plaines and Downers Grove banks.
  48. ^ St. Anthony, Neal (March 26, 1994). "Acquisition of Chicago banking company gives First Bank System expansion foothold in Illinois - 10 Boulevard offices will be changed to First Bank Illinois". Minneapolis Star-Tribune. p. 01D. First Bank System (FBS) Friday completed its $215 million stock acquisition of a Chicago banking company, giving First a beachhead for further expansion in Illinois. Next month FBS will convert the 10 banking offices of Boulevard Bancorp. into branches of newly chartered First Bank Illinois. Boulevard, which focuses on a couple of key Chicago suburbs, has $1.6 billion in assets.
  49. ^ Jordon, Steve (June 26, 1995). "Southwest, First Bank To Be Sold". Omaha World-Herald. p. 12. First Bank System of Minneapolis said Monday it has signed separate agreements to acquire Southwest Bank of Omaha and First Bank of Omaha. Pending regulatory approval, the purchases would be completed in the fourth quarter of this year. Terms were not disclosed. An earlier World - Herald story said the sale was being negotiated. Southwest Bank's five branches have assets of about $197 million and deposits of $174 million. First Bank of Omaha has $225 million in assets and deposits of about $200 million, with seven branches. Southwest and First Bank of Omaha would become part of First Bank System's existing operations in Nebraska, which began in January when it acquired Metropolitan Financial Corp., including its 16 Nebraska offices.
  50. ^ "FBS to Acquire Two Banks". St. Paul Pioneer Press. June 27, 1995. p. 2E. First Bank System said Monday it signed an agreement to acquire Southwest Bank, a privately held bank in Omaha, Neb. The acquisition is contingent upon regulatory approvals and is expected to close in the fourth quarter of 1995. Terms were not disclosed. In a separate announcement, FBS said today it signed an agreement to acquire First Bank of Omaha. Southwest Bank operates five branches in Omaha and has assets of approximately $197 million and $174 million in deposits as of May 31. First Bank said Southwest would become part of its existing operations in Nebraska. In January, Minneapolis-based FBS acquired Metropolitan Financial, which had 16 branches in that state.
  51. ^ St. Anthony, Neal (June 27, 1995). "First Bank System to buy Omaha banks - Deal, designed to boost commercial loan business, to close by end of year". Minneapolis Star-Tribune. p. 03D. First Bank System (FBS), seeking to build on the Nebraska franchise it obtained through its recent acquisition of far-flung Metropolitan Financial Corp., has agreed to buy two Omaha banks. The tab for the privately held banks was not disclosed. Both deals, which would create a consolidated Nebraska organization of close to $1 billion in loans and other investments, are expected to close late this year... The acquisitions are designed to bolster FBS' commercial lending presence and otherwise fill the pipeline it inherited through Metropolitan, primarily a housing-related consumer lender. The banks: First Bank of Omaha, a seven-branch lender of $225 million in assets with deposits of about $200 million. Southwest Bank, a five-branch lender of approximately $197 million in assets and $174 million in deposits... FBS, renowned as a technology-driven cost-cutter, typically reduces staff size, branch offices and other expenses by up to 40 percent in consolidating target companies. It builds revenues by pumping more loans, credit cards, insurance and other products through a bigger, leaner distribution system. In January 1995, FBS acquired $8 billion-asset Metropolitan Financial, which had 16 branches in Nebraska. FBS, which operates banks in 11 states, has about $32 billion in assets.
  52. ^ "First Bank Finishes Area Acquisitions". Omaha World-Herald. November 2, 1995. p. 23. First Bank System Inc. said Wednesday it completed its previously announced purchases of Southwest Bank of Omaha and First Bank of Omaha. The two banks will be merged into First Bank System's existing Nebraska banking operation, giving First Bank assets of about $925 million in the state. In January, First Bank acquired Metropolitan Financial Corp., which earlier had acquired Lincoln - based American Charter Savings and Loan Association. The combined banks will operate in Nebraska under the First Bank name, with the former Southwest and First Bank of Omaha operations being converted to the First Bank of Minneapolis systems by mid - November. First Bank also is in the process of acquiring FirsTier Financial Inc. of Omaha, which has $3.6 billion in assets. That transaction is due to be completed in January.
  53. ^ "First Bank System to Acquire Firstier Financial in Stock Swap". New York Times. August 8, 1995.
  54. ^ Jordon, Steve (August 7, 1995). "First Bank of Minneapolis Buying FirsTier of Omaha Closings, Layoffs Are Expected". Omaha World-Herald. p. 1. First Bank System Inc. of Minneapolis said Monday that it would acquire FirsTier Financial Inc. of Omaha for about $700 million worth of First Bank stock. Combined with its existing bank holdings in Nebraska, First Bank would have about $5 billion in assets and $4.5 billion in deposits in Nebraska. First Bank would serve 485,000 retail customers and 24,500 businesses in Nebraska and Iowa. The combined bank would close 25 overlapping offices in Nebraska, resulting in some layoffs, and would study what other FirsTier jobs would be lost to consolidations with First Bank's operations.
  55. ^ Jordon, Steve (February 17, 1996). "FirsTier Is Biggest Bank Takeover In Nebraska Annals". Omaha World-Herald. p. 36. FirsTier Financial Inc. of Omaha became a part of First Bank System Inc. of Minneapolis Friday after shareholders agreed to a sale valued at about $900 million. The new First Bank Nebraska, now a part of a $38 billion regional bank, will have 65 offices following a conversion of FirsTier to First Bank's operating systems. Counting the former offices of Metropolitan Federal Savings, Southwest Bank and First Bank of Omaha, the new bank will have closed 28 branch offices by the time it reopens Tuesday. Banks are closed Monday for Presidents Day. At Friday's meeting, shareholders voted 15.5 million shares in favor of the sale, or about 83 percent of the 18.7 million shares of FirsTier stock. The sale required two - thirds approval. The 18.7 million shares will be exchanged for about $908 million worth of stock in First Bank, at Thursday's price for First Bank shares.
  56. ^ Jordon, Steve (October 18, 1995). "First Bank Will Close 28 Branches Official Mum On Number Of Lost Jobs First Bank's Plan Branch Consolidation Plan". Omaha World-Herald. p. 1. First Bank System Inc. plans to close 28 branch offices and keep 65 others open in Nebraska and Iowa when it completes its purchase of three banks based in Omaha, a First Bank executive said Tuesday... Farley said First Bank is consolidating four branch bank networks into one and will need to close branches to reduce costs because some of the offices are too close together... First Bank, which has $33 billion in assets, is in the process of buying FirsTier Financial Inc., Southwest Bank and First Bank of Omaha. First Bank of Omaha, by coincidence, has a name similar to First Bank of Minneapolis... FirsTier Financial Inc., Southwest Bank, First Bank of Omaha and the former Metropolitan Savings Bank will be consolidated into the new First Bank Nebraska. Twenty - eight branch offices will be closed and 65 will remain open.
  57. ^ Hansell, Saul (March 21, 1997). "First Bank System to Buy U.S. Bancorp of Oregon". New York Times.
  58. ^ "First Bank System to buy U.S. Bancorp: Minneapolis-based..." Chicago Tribune. March 20, 1997.
  59. ^ "First Bank Strikes Deal To Acquire U.S. Bancorp $9 Billion Deal Will Create 14th-Largest Bank In America". The Spokesman-Review. March 21, 1997.
  60. ^ DePass, Dee (August 2, 1997). "It's a done deal: First Bank System acquires U.S. Bancorp - and its name - Analysts are waiting to see whether new combined company will make planned $340 million in expense cuts by next year". Minneapolis Star-Tribune. p. 02D. First Bank System closed on its acquisition of Portland, Ore.-based U.S. Bancorp. Friday and changed its name to U.S. Bancorp. The new combined company will be headquartered in Minneapolis. The deal creates a robust financial institution operating in 17 states with $72 billion in assets and a market capitalization of $22 billion. It becomes the 14th-largest bank holding company in the country based on assets, and the 10th-largest based on market capitalization. Effective Monday, the ticker symbol will change to USB and the stock will trade on the New York Stock Exchange. "While this is a defining moment in the history of First Bank System as a bank holding company, it will be business as usual for customers at all our bank branches for the immediate future," said John F. Grundhofer, who will serve as president and chief executive officer of the new U.S. Bancorp.
  61. ^ Ota, Alan K. (August 2, 1997). "U.S. Bank Workers Leave for Good". The Oregonian. p. E01. Connie Rosenberg pushed out the revolving door Friday afternoon and took her first step into life after U.S. Bancorp. Rosenberg, a bank auditor, was one of several hundred Portland workers laid off Friday, hours after Minneapolis-based First Bank System Inc. completed its $9.9 billion stock-swap takeover of the old U.S. Bancorp. Both companies won approval from stockholders Thursday to merge. The combined company wasted no time launching a reorganization that will eliminate 4,000 jobs in 18 months. More than half the cuts will be in the Portland area... First Bank System Inc. of Minneapolis adopted the U.S. Bancorp name Friday. The new U.S. Bancorp began its first day of business assuring customers that they would see no changes in their customer accounts for a while. The company plans to merge operations slowly in the next 18 months. The stock of the new company will trade on the New York Stock Exchange with a new symbol, USB.

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