First Banks Inc., Creve Coeur, Mo., is consolidating its lending operations with a personal computer-based system by Formation Technologies Inc. The system automates the entire loan process, including credit application, document preparation, reporting, tracking, compliance, and booking of loans to the core banking systems.

First Banks began overhauling its technology operations in 1991 to accommodate growth fueled by mergers and acquisitions. With current assets over $2 billion, the bank predicts assets will reach $5 billion within five years.

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