NationsBank

NationsBank announced the donation of a modular building to Ozark Guidance Center, a private, non-profit corporation that provides comprehensive mental health care services in Northwest Arkansas. The building, located on Ozark Guidance’s main campus in Springdale, is used by the elementary division of the Therapeutic Day Treatment program. TDT was established for behaviorally challenged children ages 5 to 15 who don’t function well in traditional classroom settings.

n NationsBank reported second-quarter earnings of $1.13 billion, or $1.18 per share, an increase of 23 percent from the previous year. Officials attributed the improvement to strong, broad-based increases in revenue, especially from loan growth, investment banking and brokerage activities.

The company also recorded during the second quarter a $430 million pretax gain on the sale of 67 banking offices in Florida arising from the merger with Barnett Banks. Including that gain, net income for the quarter was $1.41 billion, or $1.47 per share.

Operating earnings reflected a return on average assets of 1.45 percent and a return on equity of 18.3 percent.