Today's News

COMMUNITY

A Louisiana community banking company has sued a Mississippi suitor, claiming it unlawfully backed out of a purchase agreement. Page 4

Conflict over how to expand revenue at Philadelphia's First Republic Bank has apparently cost president Rolf Stensrud his job. His contract will not be renewed when it expires Dec. 31. Page 4

MORTGAGES

A small thrift in New Jersey is taking the unusual step of offering warehouse loans to independent mortgage bankers. Page 6

CARDS

Optimism was high at the Electronic Transactions Association conference in San Francisco. Page 7

TECHNOLOGY

Security First Technologies wants to helpfinancial institutions offer private banking services on the Internet. Page 8

WASHINGTON

Acting Comptroller Julie Williams said banks could face lawsuits or criminal charges for violating state laws ifpersonal data are revealed without permission. "Institutions have an obligation to ensure that their customers' account information is not improperly disclosed," she wrote in anadvisory letter. Page 2

CORPORATE FINANCE

Chase Capital Partners, the private equity arm of Chase Manhattan, plans to sell about a third of its stake in International Home Foods. Page 17

Executives at NationsBank's Montgomery Securities unit are demanding that the banking companyrenegotiate their contracts in the wake of a plan by NationsBank to take control of Montgomery's high-yield bond business. Page 17

INVESTMENT PRODUCTS

Mellon Bank said it has entered an alliance with the investment unit of United Overseas Bank Group in Singapore. Page 18

MARKETS

A PaineWebber analyst lifted her rating on Banc One, saying it's time to give the company another chance. Back page

PNC Bank said it has a definitive agreement to acquire Hilliard-Lyons, a securities brokerage in Louisville, Ky., for $275 million in cash and stock. Back page

INTERNATIONAL

Russia proposed a plan to guarantee citizens' bank deposits and called for calm to encourage depositors not to withdraw their ruble savings. Page 5

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