Based in a city dominated by regional banks, First Indiana Corp. in Indianapolis has found in-market acquisitions hard to come by. But the proposed merger announced Monday of Banc One Corp. and First Chicago NBD Corp. may change that.

Columbus, Ohio-based Banc One and First Chicago NBD hold the Hoosier State's top two market positions, and a marriage could force the pair to divest some branches to cut costs and avoid antitrust allegations. That is good news for community banks, such as $1.7 billion-asset First Indiana, that have been looking for growth opportunities.

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