NationsBank Corp. chief executive Hugh L. McColl said this week that his company is ready to take a break from making large acquisitions.

Speaking to an audience of 900 here at the annual Montgomery Securities investment conference, Mr. McColl said that $240 billion-asset NationsBank is busy completing its $15.5 billion deal to buy Barnett Banks Inc. of Jacksonville, Fla. That deal is scheduled to close in the first quarter.

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