COMMUNITY BANKING

HARVEY NICKELSON'S Coast Commercial Bank has thrived in Santa Cruz, Calif., a haven for latter-day hippies - which might seem an anti-business environment. See story on Page 8

WASHINGTON

ANY MONEY the FDIC wins in the goodwill lawsuits cannot be used to shore up the thrift insurance fund, the agency's general counsel said. Page 2

REGIONAL BANKING

TO HELP BOOST fee income, Centura Banks plans to buy CLG, a privately held computer and technology equipment leasing company. Page 5

SMALL BUSINESS

SEVERAL BANKS that issue government-backed loans are taking their programs far afield in an effort to keep pace with leading nonbank competitors - with more likely to follow. Page 10

MORTGAGES

WHILE OTHER lenders are still dabbling with the Internet, Countrywide Home Loans is using the network to deliver sophisticated services to customers and correspondents. Page 12

INVESTMENT PRODUCTS

ALLIANCE CAPITAL is the latest mutual fund company to turn to TV to boost public awareness of its brand. Page 14

TECHNOLOGY

BANK TECHNOLOGY stocks ended mixed for the week, as investors reacted to economic data that indicated rising inflation and an interest rate hike. Page 20

MARKET MONITOR

BANKS that best employ technology ultimately will command higher valuations than their competitors, a survey has concluded. Page 25

EXCLUDING INTEREST on the public debt, the federal government is running a sizable budget surplus, which may deter the Federal Reserve from raising interest rates. Page 25

FINANCE

AFTER A DREARY first half, PNC is getting credit for an improved balance sheet and a potentially profitable joint venture with the Automobile Association of America. Page 28

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