Today's News

MORTGAGES: ARTHUR D. RINGWALD, head of residential lending at BankAmerica Corp., offers guidelines for turning mortgage lenders into bankers following the acquistion of a home-loan firm. Page 11 WASHINGTON: IN THE FIRST such application under the 1994 interstate banking law, NationsBank has asked the Office of the Comptroller of the Currency for permission to merge its Virginia and North Carolina banks. Page 2 THE ABA this week took its first stab at proposing a comprehensive framework for derivatives accounting. Page 3 REGIONAL BANKING: OBSERVERS SAY David Daberko will have to refocus National City Corp. on new retail delivery systems when he takes over from retiring chairman Edward Brandon on Sept. 30. Page 4 BOOSTED BY improved net interest income and lower expenses, Marine Midland Banks reported second-quarter earnings of $68 million, compared with a loss of $90 million a year earlier. Page 4 COMMUNITY BANKING: BNC CORP. is not a do-nothing bank. The $175 million-asset North Dakota company is selling one of its three banks, acquiring six new branches, and planning a start-up in the competitive Minneapolis market - and it has just completed an initial public offering. Page 6 COMPLIANCE: HOUSE BANKING Committee Chairman Jim Leach had compliance was on his mind last weekend when he traveled home to Iowa to talk with community bankers - and sell his regulatory reform legislation. Page 8 TECHNOLOGY: SEARCHING FOR new customers, a community bank in Louisiana is using technology to expand service beyond traditional branches. Page 16 A NATIONAL BROKER of discount residential mortgages has teamed up with Compuserve Inc. to develop an on-line loan origination service. Page 16