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FIRST WISCONSIN < |
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First Wisconsin Corp said it |
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plans to acquire Shelard Bancshares Inc for about 25 mln dlrs |
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in cash, its first acquisition of a Minnesota-based bank. |
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First Wisconsin said Shelard is the holding company for two |
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banks with total assets of 168 mln dlrs. |
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First Wisconsin, which had assets at yearend of 7.1 billion |
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dlrs, said the Shelard purchase price is about 12 times the |
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1986 earnings of the bank. |
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It said the two Shelard banks have a total of five offices |
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in the Minneapolis-St. Paul area. |
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