The week brought news of an unusual number of important mergers and absorptions, and denials of mergers and absorptions. Denials often protect plans still forming. At least they indicate a trend in a particular phase of business.
Banks. Stockholders of the Chase National Bank voted to absorb the Mutual Bank in Manhattan. Mutual stockholders had already agreed. The transaction gives Chase National and its affiliated Chase Securities Corp. capital, surplus & undivided profits of more than $134,000,000. The Mutual bank office becomes Chase's 21st branch in New...
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