A BankAmerica Corp. unit that finances housing and business ventures for minorities and the poor has in the past two years become one of the company's fastest growing and most profitable operations.

The unit, Bank of America Community Development Bank, has more than doubled its loan volume each year since operations started in 1990, to a total of $550 million in 1995. Volume through April totaled $250 million, 70% more than in the same period last year.

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