BankAmerica Corp., San Francisco, has completed the acquisition of Arbor National Holdings Inc., Uniondale, N.Y.

At the same time, it formed a new division, BankAmerica Mortgage, as a unit of Bank of America FSB. Also included in the division will be the former United Mortgage Corp., Bloomington, Minn., acquired in July; the servicing center in Richmond, Va., acquired from Margaretten & Co.; and the bank's existing mortgage operations in Florida.

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