Bank mergers have cost SPP Hambro some partners, but the one-stop- shopping craze has helped the investment boutique to continue building its practice.

Having lost two joint venturers, First Fidelity and NBD Bancorp., to mergers, the New York-based investment bank recently signed deals with Michigan and New Jersey-based banks, Comerica Inc. and United Jersey Bank, a unit of UJB Financial Corp.

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