NEW ORLEANS -- The thrift industry trade group sounded a warning cry for the thrift and banking industries by calling for a banking industry summit to address broadly its concerns that the industry has lost ground to nonbanks, foreign banks, credit unions., and other institutions.

"We feel a sense of urgency about this," said Paul A. Schosberg, president of the Savings and Community Bankers of America, which kicked off its annual conference here Sunday afternoon with the call for a summit. "We may no longer want to take an issue-by-issue approach"

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