Thomas Gallagher and Rahn Porter Elected to Community First Board of Directors

Apr 25, 2001, 01:00 ET from Community First Bankshares, Inc.

    FARGO, N.D., April 25 /PRNewswire/ --
     Community First Bankshares, Inc., (Nasdaq: CFBX) today announced that
 Thomas Gallagher and Rahn Porter have been elected to serve on the Company's
 Board of Directors, effective April 24, at the company's annual shareholders'
 meeting.
     Gallagher is the senior managing director of the International Strategy
 and Investment Group, Inc., an institutional brokerage firm specializing in
 economic and political research.  The Washington, D.C., office directed by
 Gallagher analyzes the implications of global political developments for
 financial markets.  He is a regular panelist on "Wall $treet Week With Louis
 Rukeyser."  Gallagher previously served as the managing director and political
 economist for Lehman Brothers, an investment banking firm.  He is a graduate
 of the University of South Dakota and native of Redfield, S.D.
     "Tom's background in research and strategy will bring an exceptional
 perspective to our board," said Mark Anderson, president and chief executive
 officer of Community First Bankshares.  "We welcome his insights into economic
 and political issues that affect today's business environment.  His knowledge
 of the international market and business strategies will be a valuable
 addition to our board."
     Porter most recently served as executive vice president and chief
 financial officer of Nupremis, Inc., a Colorado-based managed services
 provider offering managed enterprise applications and infrastructure services.
 He previously served as vice president and treasurer of MediaOne Group, Inc.,
 one of the world's largest broadband communications companies which recently
 merged with AT&T.  Porter has also held a variety of positions in finance and
 technology with MediaOne and US West, Inc.
     "Rahn's communications knowledge, coupled with his financial and technical
 background, provides another perspective to our board," Anderson said.  "His
 unique expertise blending finance and technology will bring a valuable outlook
 to the board as Community First competes in the financial services industry."
     Community First Bankshares, a $6 billion financial services company,
 operates full-service banking offices in 155 communities in 12 states --
 Arizona, California, Colorado, Iowa, Minnesota, Nebraska, New Mexico, North
 Dakota, South Dakota, Utah, Wisconsin and Wyoming.  The company offers a
 diverse array of financial services, including investments, insurance,
 mortgage and trust, with a focus on small business lending.  The company is
 the number one or two market-dominant bank in a majority of the communities it
 serves.  Community First's stock is traded on The Nasdaq Stock Market(R) under
 the symbol CFBX. The latest investor and other corporate information is
 available at its web site, http://www.CommunityFirst.com
 
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SOURCE Community First Bankshares, Inc.
    FARGO, N.D., April 25 /PRNewswire/ --
     Community First Bankshares, Inc., (Nasdaq: CFBX) today announced that
 Thomas Gallagher and Rahn Porter have been elected to serve on the Company's
 Board of Directors, effective April 24, at the company's annual shareholders'
 meeting.
     Gallagher is the senior managing director of the International Strategy
 and Investment Group, Inc., an institutional brokerage firm specializing in
 economic and political research.  The Washington, D.C., office directed by
 Gallagher analyzes the implications of global political developments for
 financial markets.  He is a regular panelist on "Wall $treet Week With Louis
 Rukeyser."  Gallagher previously served as the managing director and political
 economist for Lehman Brothers, an investment banking firm.  He is a graduate
 of the University of South Dakota and native of Redfield, S.D.
     "Tom's background in research and strategy will bring an exceptional
 perspective to our board," said Mark Anderson, president and chief executive
 officer of Community First Bankshares.  "We welcome his insights into economic
 and political issues that affect today's business environment.  His knowledge
 of the international market and business strategies will be a valuable
 addition to our board."
     Porter most recently served as executive vice president and chief
 financial officer of Nupremis, Inc., a Colorado-based managed services
 provider offering managed enterprise applications and infrastructure services.
 He previously served as vice president and treasurer of MediaOne Group, Inc.,
 one of the world's largest broadband communications companies which recently
 merged with AT&T.  Porter has also held a variety of positions in finance and
 technology with MediaOne and US West, Inc.
     "Rahn's communications knowledge, coupled with his financial and technical
 background, provides another perspective to our board," Anderson said.  "His
 unique expertise blending finance and technology will bring a valuable outlook
 to the board as Community First competes in the financial services industry."
     Community First Bankshares, a $6 billion financial services company,
 operates full-service banking offices in 155 communities in 12 states --
 Arizona, California, Colorado, Iowa, Minnesota, Nebraska, New Mexico, North
 Dakota, South Dakota, Utah, Wisconsin and Wyoming.  The company offers a
 diverse array of financial services, including investments, insurance,
 mortgage and trust, with a focus on small business lending.  The company is
 the number one or two market-dominant bank in a majority of the communities it
 serves.  Community First's stock is traded on The Nasdaq Stock Market(R) under
 the symbol CFBX. The latest investor and other corporate information is
 available at its web site, http://www.CommunityFirst.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X69512748
 
 SOURCE  Community First Bankshares, Inc.