Appearance
1936Year s by H W Colmery LEGION'S PEACE PLAN IS URGED BY COLMERY
Nations' Rivalry and War Peril Call for Adequate Defenses He Says a West Point.
1956Year An increase in the week ended last Friday of 3,744,000 barrels in the nation's gasoline stocks was reported yesterday by the American Petroleum Institute. GASOLINE STOCKS RISE DURING WEEK
Nations' Supplies Increase 3,744,000 Barrels-- Light Fuel Oil Off
1945Year Role in entertaining US soldiers from Ramsden Heath rehabilitation hosp discussed GI VISITS DELIGHT BRITISH FAMILIES
Nations' Ties Brought Closer by Townfolk Near Hospital Who Entertain Patients
1993Year Making loans is again becoming a good business, at least for Nationsbank. After experiencing a decline in lending in 1991 and the first half of 1992, the banking company based in Charlotte, N.C., increased its loans and leases by 3.8 percent in the fourth quarter to $71.8 billion. Loan demand is beginning to pick up in the Southeast, analysts say, and existing business borrowers are not paying off their loans as quickly. Even better, the quality of the bank's portfolio has improved sharply. At year-end, $2 billion of its assets were nonperforming, 1.7 percent of the total. At the end of 1991, the nonperforming assets were $2.8 billion, 2.5 percent of the total. Nationsbank has sold off packages of its performing and nonperforming real estate assets. COMPANY EARNINGS: Highlights
NATIONSBANK (N)
1996Year The Nationsbank Corporation agreed yesterday to buy TAC Bancshares Inc., parent of Chase Federal Bank, for $280 million in cash. Nationsbank, based in Charlotte, N.C., said the acquisition would increase its presence in Florida with the addition of $2.8 billion in assets and $2 billion in deposits. Chase Federal, based in Miami, has 34 branches in southern Florida. The deal values Chase Federal stock at $5.24 a share, below its closing price Friday of $7.25 a share. Chase Federal's stock was down $2.25, to $5 yesterday. Nationsbank stock was down 75 cents, to $79 a share, on the New York Stock Exchange. COMPANY NEWS
NATIONSBANK AGREES TO BUY TAC BANCSHARES
1996Year The Nationsbank Corporation's board has authorized the repurchase of up to 20 million shares, or 6.6 percent of its shares outstanding. At current prices the buyback would cost $1.59 billion to complete. The company said it would buy back shares from time to time in the open market in the next three years. The shares of Nationsbank, based in Charlotte, N.C., closed down 12.5 cents, at $79.125, on the New York Stock Exchange. COMPANY NEWS
NATIONSBANK APPROVES $1.59 BILLION BUYBACK OF SHARES