WASHINGTON

The Senate confirmed former Hawaii bank commissioner Donna A. Tanoue to be FDIC chairman. Page 2

REGIONAL

David J. Vitale has suffered some hard knocks this year, but he's set to finish on top: He would be a vice chairman of Banc One once it merged with his First Chicago NBD. Page 6

COMMUNITY

Arkansas' Southern Development Bancorp., founded 10 years ago to rebuild the local economy, hopes to raise $20 million in a secondary stock offering to buy more banks so it can again be self-sufficient. Page 7

An attempt by dissident shareholders to gain control of North Bancshares of Chicago failed to win majority support of stockholders. Page 7

TECHNOLOGY

Sterling Commerce is moving more deeply into networking technology. Page 8

Union Bank of California said it will use software from KPMG Peat Marwick's consulting division to link account officers in remote locations with the bank's customer information files. Page 9

INVESTMENT PRODUCTS

customers of bank brokerages are as hungry for stock portfolios as nonbanks' customers are. Page 13

MORTGAGES

Sales of existing homes hit a record pace in March, despite slightly higher mortgage rates than in February, the National Association of Realtors reported. Page 17

CARDS

The president of American Express International was hired as the chairman and chief executive officer of Reader's Digest Association. Page 20

MARKET MONITOR

Investors and bankers are gushing about the future that the Citicorp- Travelers combination may bring about, but a Wall Street sage warned of new and "probably more intrusive" regulation in an age of huge financial services conglomerates. Page 29

Fears that higher interest rates would hurt bank stocks vanished after fresh economic data showed minimal inflation. Still, some economists remain wary. Page 29

WEEKLY REPORT: SMALL BUSINESS

Banks have not adequately pursued minority women entrepreneurs as customers, according to a trade group. Page 11

Cole Taylor Bank moved about half of its 15 small-business lenders to a downtown Chicago office to put them in closer touch with customers. Page 11

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