A deal announced last week by a Detroit banker to buy America's largest black-owned bank may be just a prelude to a lengthy bidding war.

Indecorp, a Chicago bank holding company with $267 million of assets, signed a letter of intent to be acquired by an investor group led by William T. Johnson. Mr. Johnson is president of Omni Banc Corp., a black-owned bank company in River Rouge, Mich., with $22 million of assets.

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