BankAmerica Corp. has created an investment banking unit to cater to middle-market companies. The Charlotte, N.C.,-based group is run by Graham Denton, a longtime NationsBank executive and now senior managing director with BankAmerica.

The unit will operate as a division of NationsBanc Montgomery Securities, BankAmerica's section 20 subsidiary. Montgomery, the San Francisco-based securities firm acquired last year by NationsBank Corp., underwrites equities and provides advice on acquisitions.

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