Today's News

INVESTMENT PRODUCTS

Five years after rolling out OneSource, Charles Schwab & Co. has a lofty goal for the mutual fund mart's well-known brand name: to emerge as the Good Housekeeping seal of approval for one-stop fund shopping networks. "Our effort is to try to distinguish what we provide as the best," said David S. Pottruck, the new co-chief executive officer. Page 18

WASHINGTON

The IBAA "fully endorses" a government plan to streamline approvals for state-chartered banks seeking to develop real estate and underwrite insurance. But many banks in Massachusetts say the proposal jeopardizes millions of dollars in tax breaks and violates the 1991 thrift bailout law. Page 3

COMMUNITY BANKING

Mid-Wisconsin Bank may be in the heart of dairy cow country, but it's finding a new market in loaning money to fish and elk farmers. Page 4

REGIONAL BANKING

Officials at National City have begun ironing out which of Kalamazoo, Mich.-based First of America Bank's computer systems will be integrated into its own. Page 6

MORTGAGES

HOME EQUITY: Despite the industry's problems, Deutsche Bank is committed to financing home equity lenders. FirstPlus got a $1.6 billion credit though its stock had just plunged on word it might restructure its accounting. Page 8

Chase Manhattan Mortgage has renewed its subservicing contract with Source One Mortgage Services for another year, giving Source One more time to build its subservicing business. Page 10

CORPORATE FINANCE

Everen Securities, Chicago, and Firstar of Milwaukee agreed to an affiliation in which they will refer business to each other. Page 13

TECHNOLOGY

Bankserv, a San Francisco vendor of wholesale banking technology, has launched a service that would let banks outsource wire transfer operations. Page 14

CREDIT/DEBIT/ATMs

Gemplus, Digital Equipment, and MCI Communications have signed on as technology suppliers for a smart card-based health-care payment system developed by Indianapolis start-up RealMed. Page 16

MARKET MONITOR

As merger speculation focused on the South, shares of Alabama and Tennessee banks far outperformed those of money-centers and superregionals Tuesday. Back page

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