The Bank Breaks For Two Agencies

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Last year the 4A’s counted more than double the average number of agency closings, and while an ad industry rebound is expected in 2003, two well-established agencies fell victim to the ad recession last week. Sources said other small agencies may not survive if business fails to turn around soon.

Ten-year-old agency Hampel/Stefanides in New York and HDC in Fort Lauderdale, Fla.,

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