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BRIEFLY

First Interstate's stock increase was approved.

April 27, 1987

The action gives the company ready access to a means to fund further acquisitions. Shareholders of Los Angeles-based First Interstate Bancorp approved the plan to increase the company's authorized common shares to 250 million from 100 million. In recent weeks, speculation has increased that First Interstate, the nation's ninth-largest banking concern, is considering an acquisition in Texas, where it currently has no operations.

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