KENNETH E. EVANS, former vice chairman of Total System Services, heads a new unit providing support services for the credit card processor and its parent, Synovus Financial Corp. Page 17 INVESTMENT PRODUCTS: U.S. BANCORP's proprietary funds seem sure to get a boost from the Oregon company's plan to buy Idaho-based West One Bancorp. Page 7 FEDERATED INVESTORS is forming a subsidiary in a bid to build its position in the business of providing services to mutual fund companies. Page 6 MORTGAGES: MORTGAGE BANKERS cheered last week when the bond market rallied, bringing interest rates to the lowest level in a year. But lenders are noticing expressions of interest in home mortgages rather than an actual increase in applications. Page 8 GE CAPITAL Mortgage Services Inc. is the latest company to be targeted by legal activists for its home lending practices. Page 8 COMMUNITY BANKING: SUNRISE BANCORP is fighting an investor's lawsuit accusing directors of neglecting shareholders' interest by refusing to consider an $85 million merger offer from Long Island competitor North Fork Bancorp. Page 10 AMCORE FINANCIAL Inc. has named Carl J. Dargene chairman and said his current titles of president and chief executive will be assumed by Robert J. Meuleman. Page 10 TECHNOLOGY: AFTER 18 MONTHS of development and testing, Interactive Transaction Partners says it is about launch a marketing push for its home banking products. Page 14 BUYPASS CORP., a leading third-party point of sale processor, has introduced software that aims to simplify supermarkets' and retailers' handling of checks and card-based consumer payments. Page 14 CREDIT/DEBIT/ATMs: A SURVEY tracking two of the strongest cobranded cards on the market found that the AT&T Universal card had slow growth in the previous 12 months and General Motors' portfolio declined nearly 15% Page 18 FINANCE: THE DAM is ready to burst on bank takeovers and it will likely happen next year, analysts at Bear, Stearns & Co. said. Back page BANKAMERICA came to market with $200 million in floating rate Euronotes that could be attractive to foreign investors due to the recent surge by the dollar. Back page

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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