The 1994 rankings for leading investment bankers in the West hinged on participation in a single deal: the sale of First Nationwide Bank, headquartered in San Francisco.

The top four western advisers - J.P. Morgan & Co., Salomon Brothers Inc., Lazard Freres & Co., and Goldman Sachs & Co. - all received credit for MacAndrew & Forbes' $1.1 billion purchase in April of First Nationwide Federal Savings Bank.

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