WASHINGTON -- The Independent Bankers Association of America voted over the week-end to admit thrifts as full members, but the nation's largest thrift trade group expressed confidence that its ranks would not be hurt.

The IBAA would permit thrift membership on a state-by-state basis, leaving it up to its state affiliates to decide whether to allow thrifts to join. In states that decided to open up their ranks, thrifts would be eligible to join the IBAA as full members.

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