BANKING
From Times Staff and Wire Reports
NAACP May Try to Stall NCNB Merger: Concerns about discriminatory lending practices may prompt the NAACP to try to stall NCNB’s proposed merger with C&S;/Sovran, a top official with the civil rights organization said. “This is an opportune time to discuss this issue. If we are not able to negotiate something equitable with the banks, then we will attempt to hold up the merger or at least stall them,” said William F. Gibson, board chairman of the National Assn. for the Advancement of Colored People.
