Today's News

REGIONAL BANKING

STATE STREET Boston is about to gain a foothold in the Midwest with a deal to buy Mercantile's corporate trust business. Page 4

W. LEE HOSKINS, who had been viewed as the man-in-waiting for Huntington Bancshares's top post, surprised analysts this week by calling it quits, as of next July. Page 4

COMMUNITY BANKING

BEVERLY BANCORP. is the first commercial banking company to go public in the Chicago area in more than two years. Page 6

GLACIER BANCORP, belying its name, is moving quickly to gain a share of two rapidly growing Montana markets - including a deal to buy First Security Bank of Missoula. Page 7

WASHINGTON

RATHER THAN cleaning up after disasters, chief Ricki Helfer wants the FDIC to help banks avoid them. The agency's insurance division will have about 50 people, headed by veteran Arthur Murton, who joined the FDIC 10 years ago as a financial economist. Page 2

CHARGING REGULATORS with flouting the law, the American Bankers Association has asked a federal appeals court to limit credit union membership to employees from a single company. Page 2

MORTGAGES

AAMES FINANCIAL has arranged to buy One Stop Mortgage, which would let it increase volume substantially by bringing in loans from brokers. Page 9

INVESTMENT PRODUCTS

CORESTATES is taking an unusual approach to absorbing the investment units of the former Meridian Bancorp: It's leaving some of them alone. Page 10

LINCOLN NATIONAL Life is trying new ways to market its insurance products through banks, after dismal sales in that market last year. Page 10

CREDIT/DEBIT/ATMs

THE OUTCRY over ATM fees is an example of anti-bank bias, one born of a misconception about why banks exist in the first place, Paul S. Nadler writes. Page 11

ROBERT H. ROSSEAU, dismissed in May as chief executive officer of Citicorp Diners Club, has been named president of the transaction processing subsidiary of Deluxe. Page 12

TECHNOLOGY

SANDRA BLEICH, an executive at the bank-run Society for Worldwide Interbank Financial Telecommunication, or Swift, has resigned for a job at a firm specializing in middleware. Page 13

FINANCE

GREENPOINT FINANCIAL, which began to convert the skeptics with a strong earnings report in July, won another accolade when Advest lifted its yearend price target for the thrift's stock to $40. Back page

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