Once again, First of America Bank Corp. has snared some of the highest honors in a test of investment performance by bank-managed mutual funds.

The Kalamazoo, Mich., banking company - a perennial winner among bank fund managers - boasted the top bank-managed domestic stock fund in the third quarter. Its Parkstone Equity Fund, which has $650 million of assets, returned 8.59% during the period, while the benchmark Standard & Poor's index of 500 stocks returned 3.05%.

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