MINNEAPOLIS - First Bank System Inc. has agreed to buy First Financial Investors Inc., a $200 million-asset thrift holding company based in Duluth. The terms were not disclosed.

First Financial is the parent of St. Louis Bank for Savings, which has five offices in Duluth and residential loan production offices in Superior, Wis., and Grand Rapids, Minn.

First Bank, which has $26 billion of assets, has four branches in Duluth with $245 million of deposits.

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