Arguing that they have the strongest community reinvestment records in the country, the chairmen of NationsBank Corp. and BankAmerica Corp. lashed out Thursday at opponents of their $60 billion merger.

Testifying at a Federal Reserve hearing, NationsBank chairman Hugh McColl said the banks reaffirmed their commitment with their recent $350 billion Community Reinvestment Act pledge. It includes $180 billion in small-business loans and $115 billion for affordable housing.

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