Metropolitan Financial Corp., Minneapolis, filed with the Securities and Exchange Commission to issue $60 million of subordinated notes due in October 1999.

Proceeds will be contributed to its insured savings bank subsidiary, Metropolitan Federal Bank, to promote growth in its general banking business, support acquisitions, and strengthen its financial condition.

The underwriting group will be led by Dain Bosworth Inc., Chicago Corp., and Piper Jaffray Inc.

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