BANC ONE CORP. is abandoning its famously decentralized "uncommon partnership." Must other super community banks similarly evolve to survive? Pullout section
WASHINGTON:
ABA MEMBERS should have realized when they received the first flier in the mail that this week's San Francisco convention would be something special. Page 6
THE TRADE GROUP faces an uphill struggle in the legislative battle over the fragile Savings Association Insurance Fund. But it's keeping up the fight. Page 4
COMMUNITY BANKING:
AS NEW HOMES chomp into farmland, suburban bankers are hustling for new types of customers.
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IT'S BEEN a long four months for Merrill Sherman and Malcolm "Kim" Chace 3rd. But it all paid off last week, when they announced plans for the largest banking start-up in New England history.
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CREDIT UNIONS:
WITH AN EYE toward bolstering membership for the long term, a growing number of credit unions are running programs to sign up young adults.
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EASTMAN SAVINGS in Rochester, N.Y., is on the brink of becoming the first thrift to convert to a federal credit union.
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MORTGAGES:
ONE BIG SURPRISE in a study that showed increased activity in point of sale business: Such originations are resulting in cleaner, higher- quality mortgages. Page 23
INVESTMENT PRODUCTS:
THE SENATE FINANCE Committee turns its attention this week to writing tax legislation that could transform bank trust-department assets into a mutual-fund bonanza. Page 14
CREDIT/DEBIT/ATMs:
ILLINOIS-BASED Elan Financial Services, a unit of Firstar Corp., will offer a cobranded MasterCard program to frequent fliers of regional airline Midwest Express. Page 24
TECHNOLOGY:
FISERV has agreed to acquire Financial Information Trust, a financial data processing company based in Des Moines.
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AT&T has introduced a new family of large-scale computers designed for transaction processing and relationship banking applications.
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REGIONAL BANKING:
LEGENDARY bank investor Harry V. Keefe Jr. says the worst beating he has ever taken on an investment in a bank or thrift has been on his stake in struggling Fidelity Federal Bank. He estimates he has lost around $10 million, on paper at least. Page 7
FOREIGN BANKS will probably face tougher scrutiny from regulators in the wake of Daiwa Bank's $1.1 billion trading loss, legal sources predict. Page 7
