BANKING: Second Time First

Almost two decades have passed since Wall Street was entertained by the neck & neck race between National City Bank's Charles Mitchell and Chase National Bank's Albert Wiggin for the title of the nation's biggest bank. Chase won out, via mergers with other banks, and held its lead till three months ago. Then a brash West Coast upstart, old A. P. Gian nini's Bank of America, pushed past it.

At the end of the third quarter Bancamerica had, with the aid of its 491 branches, outstripped Chase by piling up $4,750,000,000 in deposits, over $5,000,000,000 in resources.

Last week Winthrop W....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!