BANKING CENTER &lt;TBCX> TO MAKE ACQUISITION

  Banking Center said it has
  signed a letter of intent to acquire First Railroad Mortgage Co
  from First Union Bank of Augusta, Ga., for undisclosed terms.
      The company said First Railroad had loan production of over
  100 mln dlrs in 1986 and was servicing over 435 mln dlrs in
  loans at the end of 1986.
  

