Today's News

George Wallner of Hypercom has a lower profile than Hatim Tyabji, his counterpart at Verifone, but he is no less opinionated. He is in a race to stave off obsolescence in point of sale technology. Page 14

REGIONAL BANKING

Regions Financial, looking to expand its presence in metro Atlanta, agreed to acquire First Bankshares for $19 million in stock, or 2.2 times book value. Page 4

INTERNATIONAL

The Chemical-Chase Manhattan merger has helped Texas Commerce, a $22 billion-asset Chase subsidiary, beef up its international operations in the Lone Star State. Page 6

Bank of Boston will continue its hunt for an acquisition in Latin America despite last week's decision to pull out of the bidding for Brazil's Banco do Estado do Rio de Janeiro. Page 7

COMMUNITY BANKING

A federal court in California ordered a bank to repay $6.9 million in deposits and interest that the Resolution Trust Corp. accidentally overpaid to the bank seven years ago. Page 8

When the board of Kentucky's Trans Financial this week named a new president, it formalized the complete makeover the company has experienced in the last six months. Page 8

MORTGAGES

When HomeSide Lending was formed in May, many industry observers thought similar joint ventures would follow. More than half a year later, it hasn't happened. Page 10

In a policy shift, Fitch Investors Service said its review criteria would now look chiefly at measures of borrowers' willingness and ability to repay. Page 11

INVESTMENT PRODUCTS

Sales executives at mutual fund and insurance companies are chomping at the bit as Chase Manhattan gets its brokerage house in order. Page 12

The new president at American Savings Bank's brokerage unit plans to beef up her staff and take advantage of the unit's close affiliation with the California thrift's mortgage operations. Page 13

TECHNOLOGY

ON-LINE BANKING: PNC Bank has begun offering a home banking service that lets customers electronically transfer money to and from accounts at other financial services providers, such as mutual fund companies. Page 16

Electronic Data Systems reorganized to go more aggressively after computer services contracts from multinational banks. Page 18

MARKET MONITOR

As Roslyn Bancorp goes public next week, the N.Y. thrift will endow $12.7 million to a charitable organization. Back page

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