After spending almost two years on the dealmaking sidelines, Allfirst Financial Inc. in Baltimore is once again on the lookout for banks to buy in the Middle Atlantic states.

The $18 billion-asset company - until June known as First Maryland Bancorp - spent most of 1997 integrating Dauphin Deposit Corp. of Harrisburg, Pa., which it bought for $1.4 billion, and in 1998 consolidated its seven banks.

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