Business & Finance: Governor

Controlling the destinies of Chase National Bank, Equitable Trust and Interstate Trust are some 80,000 stockholders. Representing them are three directorates whose membership is over 100. Administering the banks are three chairmen, three presidents. During the past fortnight these chairmen and presidents perfected a tremendous plan. Last week the combined directorates sat, approved. On April 24 the stockholders will meet, will undoubtedly approve a merger of the banks to form a $2,814,000,000 institution, the World's Biggest Bank (TIME, March 17).

Adding the resources, striking new balances, is...

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