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A former exec at Deposit Guaranty National Bank, which, like Little Rock's First Commercial, was acquired by a Birmingham, Ala.
Formerly called the Deposit Guaranty National Bank Economic Symposium, this year's event is titled the AmSouth Economic Symposium, reflecting Deposit Guaranty's merger with AmSouth.
The agreement resolves claims that the Deposit Guaranty National Bank violated the Fair Housing Act and the Equal Credit Opportunity Act when it illegally rejected qualified African-American applicants through the use of subjective underwriting practices when deciding the approvals and denials of credit-scored home improvement loans.
The ISG Tailored Retirement Solution will be distributed through First American National Bank and Deposit Guaranty National Bank in their respective marketplaces.
Kendricks has been in the financial industry for more than 20 years, most recently as Senior Vice President for Deposit Guaranty National Bank in the Hattiesburg area.
The lead agent for the credit facility is Chase Bank of Texas, which is joined by a syndicate of banks including PNC Bank, serving as documentation agent, Wells Fargo Bank, First Union National Bank, SouthTrust Bank, AmSouth Bank, First National Bank of Commerce, Compass Bank, First Tennessee Bank, Hibernia National Bank, First American National Bank operating as Deposit Guaranty National Bank, Comerica Bank, Trustmark National Bank, and Bancorp South Bank.
The creation of the ISG Funds is the result of the merger earlier this year of First American National Bank, which managed the AmeriStar Mutual Funds, and Deposit Guaranty National Bank.
SOURCE First American Corporation -0- 07/28/98 /CONTACT: Vicki Kessler, First American Corporation, 615-320-7532/ (FAM) CO: First American Corporation; Bank of New York; Deposit Guaranty National Bank ST: Mississippi, New York IN: FIN SU: TNM TL -- CHTU009 -- 7028 07/28/98 07:59 EDT http://www.