WASHINGTON

The executive director of Inner City Press/Community on the Move is using every means possible to derail the Citicorp-Travelers merger. Page 2

REGIONAL

Four magna group executive vice presidents will lose their jobs once the company merges with Union Planters, according to Magna officials, and a fifth has chosen to retire. Page 4

COMMUNITY

Republic Security Financial is buying First Palm Beach Bancorp of Florida for $279 million of stock or about 2.4 times book value. Page 10

MORTGAGES

Bank of New York sees huge growth opportunities in the reverse mortgage market. Page 11

MARKETS

Shares of North Fork rose after Robert B. Albertson of Goldman Sachs initiated coverage, adding the stock to the firm's "recommended" list. "Through an aggressive sales culture and careful cost cutting, North Fork has turned an agglomeration of banks into a highly profitable institution," Mr. Albertson said. Back page

INVESTMENT PRODUCTS

OppenheimerFunds' acquisition in 1996 of the Rochester Family of Funds is proving to be a boon for bank sales. Page 12

Investment management at the new BankAmerica is likely to emphasize individuals over institutions. Page 12

CARDS

American Express has introduced a cobranded credit card with Cheung Kong Holdings, one of the largest real estate developers in Hong Kong. Page 14

TECHNOLOGY

CIBC is joining a list of heavy hitters in syndicated lending by adopting Advanced Information Resources' commercial loan processing software. Page 16

First Chicago NBD, an early advocate of using Windows-based software for cash management, is making this service available through Internet browser software. Page 17

CORPORATE FINANCE

After meeting serious market resistance, Salomon Smith Barney is restructuring a $2.25 billion syndicated loan it is leading for a health- care REIT. Page 25

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