Society Corp., Cleveland, was the leading gainer among major bank stocks on Monday as the overall stock market attempted to rally after last week's losses

The well-regarded Midwestern superregional bank was ahead $1.25, at $35.75, in late-afternoon trading. Another strong performer was First Bank System Inc., Minneapolis, up $1, to $35.75.

Slipping sharply was Bank of New York Co., apparently in reaction to news it had acquired six Long Island branches of the failed American Savings Bank, New York. The stock was off $1.125 to $39.875.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.