Andrew Craig III spent 1994 writing a new history for St. Louis-based Boatmen's Bancshares.

As the year began, investors still held vivid memories of the dilutive deals by his predecessor that made Boatmen's the biggest player in Missouri. Under Mr. Craig, chairman, president and CEO, the bank had focused on accretive government-assisted deals. But by 1994, such opportunities were in short supply.

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