SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Earliest Event Reported
August 7, 1996
Inter-Regional Financial Group, Inc.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation of organization)
1-8186 41-1228350
(Commission File Number) (IRS Employer
Identification Number)
Dain Bosworth Plaza, 60 South Sixth Street,
Minneapolis, Minnesota 55402-4422
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (612) 371-7750
Item 5. OTHER EVENTS
Reference is made to Exhibit 99 filed herewith.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 99 Press release regarding IFG Board declares
regular 15-cent dividend and authorizes
extension of share repurchase plan.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
INTER-REGIONAL FINANCIAL GROUP, INC.
Registrant
Date: August 8, 1996 By: Louis C. Fornetti
-----------------------------
Louis C. Fornetti
Executive Vice President &
Chief Financial Officer
By: Daniel J. Reuss
------------------------------
Daniel J. Reuss
Senior Vice President,
Corporate Controller
& Treasurer
INTER-REGIONAL FINANCIAL GROUP, INC. AND SUBSIDIARIES
INDEX OF EXHIBITS
Exhibit No.
99 - Press release regarding IFG Board declares
regular 15-cent dividend and authorizes
extension of share repurchase plan.
EXHIBIT 99
PRESS RELEASE
IFG BOARD DECLARES REGULAR 15-CENT DIVIDEND AND AUTHORIZES
EXTENSION OF SHARE REPURCHASE PLAN
MINNEAPOLIS, August 7, 1996 -- Inter-Regional Financial
Group, Inc. (NYSE: IFG), parent company of regional broker-
dealers Dain Bosworth Incorporated, Minneapolis, and Rauscher
Pierce Refsnes, Inc., Dallas, today announced that its board of
directors has declared a regular quarterly cash dividend of 15
cents per share of common stock and authorized the repurchase of
up to 100,000 additional shares of common stock through IFG's
repurchase program.
The 15-cent per-share quarterly dividend will be payable on
September 4, 1996 to shareholders of record at the close of
business on August 21, 1996. IFG has 12,158,563 million shares
of common stock outstanding.
The repurchase program, initiated in April 1994, allows IFG
to purchase shares of its common stock from time to time at
prevailing prices on the open market, by block purchases, or in
privately negotiated transactions. Repurchased shares are used
for IFG's employee stock bonus or benefit plans, or for other
corporate purposes.
Irving Weiser, chairman and chief executive officer, said,
"Given that the first half of 1996 was the best six-month period
in IFG's history in terms of net earnings and net revenues, we
are pleased to maintain our strong dividend payout to our
shareholders. We also believe that the flexibility to extend our
share repurchase program continues to be in the best interest of
IFG shareholders." The closing price of IFG stock on August 5,
1996 was $24.25 per share, 6.2 times trailing four quarters of
net earnings and 1.2 times current book value.
Inter-Regional Financial Group is one of the nation's
largest full-service regional brokerage and investment banking
companies. IFG's two broker-dealers, Dain Bosworth Incorporated
and Rauscher Pierce Refsnes, Inc., serve individual,
institutional, corporate and governmental clients, predominantly
in the western half of the United States. IFG also is the parent
company of the Regional Operations Group, Inc., a brokerage
operations and technology services subsidiary, and IFG Asset
Management Services, Inc., which provides financial services to
IFG broker-dealers, and which, through Insight Investment
Management, manages the Great Hall funds and other institutional
fixed income accounts. The company's common stock is traded on
the New York Stock Exchange under the symbol IFG.
CONTACT: Lori Weiman (612) 371-2934
