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
June 4, 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 naming
William A. Johnstone as CEO of Rauscher
Pierce Refsnes, Inc. and as IFG Board
member.
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: June 5, 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 naming William A.
Johnstone as CEO of Rauscher Pierce Refsnes, Inc.
and as IFG Board member.
NEWS RELEASE EXHIBIT 99
IFG NAMES WILLIAM A. JOHNSTONE C.E.O. OF
RAUSCHER PIERCE REFSNES, IFG BOARD MEMBER
MINNEAPOLIS (June 4, 1996) -- The board of directors of Inter-
Regional Financial Group, Inc. (NYSE: IFG), has named William A.
Johnstone president and chief executive officer of Rauscher
Pierce Refsnes, Inc., the firm's Dallas-based regional brokerage
and investment banking subsidiary, it was announced today by
Irving Weiser, chairman and chief executive officer of IFG.
Johnstone joins the firm on June 24, at which time he also
becomes a member of the IFG board.
Johnstone, 52, had been an attorney in the Minneapolis-based
law firm of Dorsey & Whitney since 1970. He is a member of the
firm's policy committee, which serves as the board of directors
for the 370-lawyer firm. Johnstone also is a member of the
management committee and heads the 120-lawyer Finance and
Commercial Group, which includes the firm's corporate finance,
public finance and banking law departments. In addition, he has
been responsible for developing the firm's strategic planning
process, as well as opening and overseeing several branch
offices, including those in Hong Kong, New York and several
Midwestern and Rocky Mountain states. One of the firm's top
business generators, he has represented First Bank, Norwest Bank,
Northwest Airlines, Cargill, Fingerhut, CNA, FNMA and various
private companies and governmental units on public and project
financings. He also has represented numerous securities firms,
including IFG.
"Bill is extremely intelligent, energetic, personable and a
natural leader," said Weiser, who was a partner at Dorsey &
Whitney before being named president of IFG in 1985. "He
possesses proven leadership and management skills, as well as an
understanding of both the brokerage business and a professional
service organization. The management skills he developed at a
predominantly regional law firm are easily transferable to a
regional securities firm such as RPR."
As CEO, Johnstone is charged with developing and implementing
strategy for Rauscher Pierce Refsnes to expand its corporate
finance, equity capital markets and private client brokerage
areas, as well as maintaining the firm's strong public finance
and other fixed income capabilities. "Rauscher Pierce Refsnes
has a great franchise as the oldest full-service regional
securities firm based in the Southwest, and I am excited by the
prospect of helping RPR capitalize on its growth opportunities,"
Johnstone said.
A native of Fort Benton, Mont., Johnstone has a bachelor's
degree from Montana State University in Bozeman and a law degree,
magna cum laude, from the University of Minnesota Law School. In
Minnesota, he is a director of the NWA Aircraft Finance, Inc.,
Minneapolis Citizens League, Minnesota Institute of Public
Finance and Minnesota Center for Corporate Responsibility, and
deputy member of the Minnesota Business Partnership.
As president and CEO, Johnstone succeeds David A. Smith, who
left RPR in September 1995. Since then, Weiser has served as
chairman and acting CEO of RPR; he will retain the post of
chairman after Johnstone joins the firm. Weiser, Johnstone and
John C. Appel, who is president and chief operating officer of
Dain Bosworth Incorporated, serve as management directors on
IFG's nine-member board.
Inter-Regional Financial Group is, through Dain Bosworth
Incorporated and Rauscher Pierce Refsnes, Inc., one of the
nation's largest full-service regional brokerage and investment
banking companies. IFG's two broker-dealers serve individual,
institutional, corporate and governmental clients in 24 states,
predominantly in the western half of the United States. IFG also
is the parent company of Regional Operations Group, Inc., which
provides brokerage operations and technology services to IFG
broker-dealers and correspondent firms, and IFG Asset Management
Services, Inc., which provides financial services to IFG's
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.
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MEDIA CONTACTS: Minneapolis+ B. J. French (612) 371-2363; Dallas
Jennifer Driscoll (214) 989-1100
INVESTOR CONTACT: Minneapolis Lori Weiman (612) 371-2934
