BANC ONE CORP. is abandoning its famously decentralized "uncommon partnership." Must other super community banks similarly evolve to survive? Pullout section


ABA MEMBERS should have realized when they received the first flier in the mail that this week's San Francisco convention would be something special. Page 6

THE TRADE GROUP faces an uphill struggle in the legislative battle over the fragile Savings Association Insurance Fund. But it's keeping up the fight. Page 4


AS NEW HOMES chomp into farmland, suburban bankers are hustling for new types of customers.

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IT'S BEEN a long four months for Merrill Sherman and Malcolm "Kim" Chace 3rd. But it all paid off last week, when they announced plans for the largest banking start-up in New England history.

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WITH AN EYE toward bolstering membership for the long term, a growing number of credit unions are running programs to sign up young adults.

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EASTMAN SAVINGS in Rochester, N.Y., is on the brink of becoming the first thrift to convert to a federal credit union.

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ONE BIG SURPRISE in a study that showed increased activity in point of sale business: Such originations are resulting in cleaner, higher- quality mortgages. Page 23


THE SENATE FINANCE Committee turns its attention this week to writing tax legislation that could transform bank trust-department assets into a mutual-fund bonanza. Page 14


ILLINOIS-BASED Elan Financial Services, a unit of Firstar Corp., will offer a cobranded MasterCard program to frequent fliers of regional airline Midwest Express. Page 24


FISERV has agreed to acquire Financial Information Trust, a financial data processing company based in Des Moines.

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AT&T has introduced a new family of large-scale computers designed for transaction processing and relationship banking applications.

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LEGENDARY bank investor Harry V. Keefe Jr. says the worst beating he has ever taken on an investment in a bank or thrift has been on his stake in struggling Fidelity Federal Bank. He estimates he has lost around $10 million, on paper at least. Page 7

FOREIGN BANKS will probably face tougher scrutiny from regulators in the wake of Daiwa Bank's $1.1 billion trading loss, legal sources predict. Page 7

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