The Support Group for Modern Banking has been launched by 18 industry leaders-from Paul Hazen at Wells Fargo & Co. to Charles E. Rice at Barnett Banks Inc.

While traditional trade association executives are nervous that the new group will splinter the industry and divert scarce resources, managing trustee Carter Golembe says it is simply filling a void as the only organization dedicated to preserving recent gains and expanding the national bank franchise.

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