BankAmerica Corp. said Thursday that it will acquire the $623 million in credit card receivables of First Maryland Bancorp subsidiaries First Omni Bank and Dauphin Deposit Bank.

After the sale, expected to close in early 1998, Bank of America-the credit card arm of San Francisco-based BankAmerica-will serve as agent for First Maryland, providing a range of consumer credit card products under the Baltimore-based bank's name.

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