THE DUST KICKED up by First Data's merger agreement with First Financial Management may never settle, judging by industry reactions. A consensus has emerged that even if the terms change or another deal occurs the credit card landscape has undergone a tectonic shift. Page 18 REGIONAL BANKING: THE TEAMSTERS Union, in its role as pension fund investor in BankAmerica, came close to winning a shareholder vote to force the bank company's board to drop its poison pill protection against hostile takeover. Page 6 COMMUNITY BANKING: PORTFOLIOS at farm banks with the highest ratios of bad loans have gone from bad to worse despite improvements in asset quality industrywide. Page 10 CREDIT UNIONS: U.S. CENTRAL Credit Union, stuck without a manager and desperate for capital, has been slapped with the government's second-lowest performance rating, sources said. Page 13 MORTGAGES: VOLATILE INTEREST rates are hazardous not only to servicing portfolios but also to lenders' pipelines. These loans, which have been committed but not closed, are subject to a variety of hazards that make risk control crucial. Page 14 INVESTMENT PRODUCTS: ADVISERS CAN HELP keep clients abreast of market trends, new opportunities, and tax-law changes, writes Toby G. Mumford Jr. of Franklin Templeton Distributors. Page 17 TECHNOLOGY: EXECUTIVES at Affiliated Computer Services told institutional investors the company intends to sustain its rapid growth by continuing to diversify beyond the management of banks' core processing systems. Page 20 FINANCE: SEEKING TO DEFUSE public outcry over perceived abuses in the over-the- counter derivatives market, some dealer groups have drafted a code of conduct, but the proposals have come under fire from end users. Back page

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