First Bank buyback modified; starts today.

MINNEAPOLIS -- First Bank System Inc. said its board has approved a modification to its stock repurchase program, authorizing repurchases beginning today and ending on the 90th day following the closing of its pending acquisition of Boulevard Bancorp of Chicago.

A company spokesman said repurchases originally were to begin at the closing of the acquisition and end 90 days later.

As reported Sept. 29, First Bank System said it agreed to acquire Boulevard Bancorp for about $200 million in stock.

The spokesman said the acquisition is pending regulatory approval and is expected to close in the second quarter of 1994.

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