Large insurance and securities companies must prove they can fulfill customer protection and community lending obligations before launching thrifts, the new OTS chief said. Page 2


A Baltimore-based community bank blamed a "clerical error" for the filing of a Securities and Exchange Commission document saying it intended to acquire a rival. Page 5


The former CEO of Southern National Corp., now part of BB&T, angrily quit the North Carolina Banking Commission amid accusations of possible conflict of interest. Page 7


U.S. banks' loan holdings grew faster abroad than at home in the 12 months through June 30. But bankers and analysts expect a pause in the wake of turmoil in Asian and Latin American markets. "Loan activity will slow down as we wait for some of these situations to sort out," a Comerica executive says. Page 8


Paul S. Reid, former chief executive of American Home Funding, will head the Mortgage Bankers Association. Page 10

Though it called off plans to buy subprime lender Walsh Securities, Resource Bancshares Mortgage Group says it is still committed to the B and C business. Page 10


Out-of-state banks have been opening real estates offices in Boston to capitalize on the city's recovery. Page 11


To better serve its wealthiest customers, National City Corp. of Cleveland is buying a high-end investment boutique. Page 12


The separation of church and state has not prevented the custom of tithing from getting caught up in the debate over bankruptcy reform. Page 13


Corillian Corp. is selling some home banking software that it says offers more than the typical bank Web site but is less complicated than personal financial management software. Page 14

ON-LINE BANKING: Actual use figures from a handful of banks provide some surprises. For example, older customers turn out to be more interested than had been expected. Page 15


Takeover speculation spurred by the First Union-CoreStates deal gave regional banks a boost. Back page

An old merger tactic, the bear hug, figured in the First Union- CoreStates deal. Back page

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