NationsBank unit buys GMAC contracts.

ALLENTOWN, Pa. - NationsCredit, a subsidiary of NationsBank Corp., has acquired $253 million in nationally distributed marine contracts from General Motors Acceptance Corp. in a whole-loan sale.

NationsCredit will service the portfolio of nearly 10,000 accounts in its St. Louis commercial business center, which specializes in indirect retail accounts. The transaction involved GMAC's marine contracts only.

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