 The bank was owned by the Bank Shares, Inc. holding company which was controlled by the Pohlad family and which owned several other banks in the Minneapolis area using the Marquette name.Bank Shares announced the sale to First Bank System (now US Bank) in January 1992 with the deal finally closing in December 1992 for $200 million in stock.Marquette was involved in lengthy credit card interest rate litigation with the First National Bank of Omaha which resulted in an important US Supreme Court ruling regulating the banking industry.