Today's News

WASHINGTON

The incoming president of America's Community Bankers says the trade group will party hard this year at its annual convention in Atlanta. Page 4

The OCC is expected to explain this week how national banks may sell insurance from small towns. Page 5

COMMUNITY BANKING

The 67 savings bank owners of a failed New York bank clearing house are shaping up as the only losers in the company's 1995 collapse. Page 6

A Philadelphia-area thrift is becoming one of the first companies to take advantage of a new enterprise zone, moving its headquarters closer to the commercial customers it's pursuing. Page 6

SMALL BUSINESS

Securitization of small-business loans is still a fledgling activity dominated by nonbank lenders, but several bankers predict it will take off in the next five years. Page 10

Chase added a new twist to its promotion of small-business loans - a one-page application that requests limited financial information. Page 12

CREDIT/DEBIT/ATMs

Community banks in Indiana and Illinois have taken advantage of the gambling boom by installing wireless ATMs on riverboat casinos. Page 17

Southeast Switch, owner of the Honor EFT Network, hired a veteran electronic banking executive to head its specialty network services unit. Page 16

REGIONAL BANKING

PNC's vice chairman, who courted many community banks for the Pittsburgh bank, says he will retire. Page 18

MORTGAGES

Ron McCord, an Oklahoma banker, will become president of the Mortgage Bankers Association of America today as it begins its annual conference. He says that if Republicans retain control of Congress after the upcoming national elections, the trade group will "spend more time testifying in Congress than in the last two or three years." Page 36

Chase Manhattan Mortgage, Great Western, and Mellon Mortgage are participating in an affinity program pilot with Sam's Club. Page 41

TECHNOLOGY

Integrion Financial Network, the home banking consortium of 16 major banks with IBM, named a technology veteran from Meridian Bancorp as managing director. Page 42

Checkfree announced two major changes in its corporate architecture: the naming of a chief operating officer and the relocation of its headquarters to Atlanta. Page 43

MARKET MONITOR

A pair of specialty lenders, capitalizing on consumers' need to refinance, have turned heads on Wall Street in a hurry after going public this year. Page 48

The upcoming holiday shopping season is shaping up as good but not great in the view of most economists. Page 48

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