LITTLE ROCK -- First Commercial Corp. has agreed to reimburse its customers for $7.5 million in derivatives-induced investment losses, quickly settling a class action.

Lynn Wright, chief financial officer of the Little Rock company, said the decision will not hurt fourth-quarter earnings. The bank has filed a claim with its insurance company and was pursuing a settlement with the Managers Fund and Piper, Jaffray & Co., both third parties whose derivatives losses cost First Commercial customers.

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