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Bank shot.

Is one of the major banks in central Arkansas in play?

Some financial types believe so, but they aren't naming names.

One thing is certain.

Officials of Boatmen's Bancshares in St. Louis have been in town, presumably testing the water.

The holding company is in the acquisition mode. Its assets as of June 30 were $16.2 billion with a net income of $72 million.

Boatmen's is in the process of buying First Interstate of Iowa Inc., a $1.2 billion-asset holding company based in Des Moines.

Boatmen's, led by its $9 billion asset banking operation in St. Louis, already has ventured into Illinois, Tennessee and Oklahoma.
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Title Annotation:Boatmen's Bancshares Inc. to acquire First Interstate of Iowa Inc.
Publication:Arkansas Business
Article Type:Brief Article
Date:Dec 9, 1991
Words:107
Previous Article:Remembering Mister Witt.
Next Article:A done deal.


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