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BUSINESS
March 19, 1992 | From Times Staff and Wire Reports
Midwest Banks to Merge: Detroit-based NBD Bancorp, already among the nation's 25 biggest bank holding companies, said it will acquire Indiana's last major independent bank, INB Financial Corp. The move makes NBD Bancorp a $40-billion lender with the most assets in Michigan and Indiana. The stock swap valued at about $876 million was welcomed by INB shareholders, who will be paid a premium. In over-the-counter trading, INB's stock soared $7 to $43.
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BUSINESS
August 31, 1990 | From Reuters
Federal regulators are cracking down on banks, savings and loans and credit unions following allegations that widespread errors on adjustable-rate mortgage loans may have cost consumers billions of dollars in overcharges.
BUSINESS
March 19, 1992 | From Times Staff and Wire Reports
Midwest Banks to Merge: Detroit-based NBD Bancorp, already among the nation's 25 biggest bank holding companies, said it will acquire Indiana's last major independent bank, INB Financial Corp. The move makes NBD Bancorp a $40-billion lender with the most assets in Michigan and Indiana. The stock swap valued at about $876 million was welcomed by INB shareholders, who will be paid a premium. In over-the-counter trading, INB's stock soared $7 to $43.
BUSINESS
August 31, 1990 | From Reuters
Federal regulators are cracking down on banks, savings and loans and credit unions following allegations that widespread errors on adjustable-rate mortgage loans may have cost consumers billions of dollars in overcharges.
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