BANKING: Urge to Merge

For customers over the world the Chase Manhattan Bank last week printed 125,000 blotters showing a cartoon of two honeymooners driving off in a car tagged, "Just Merged!" It was the bank's way of telling the public that the merger of the Chase National Bank (No. 3 in the U.S.) and the Bank of the Manhattan Co. (No. 15) had the official blessing of stockholders and the New York State superintendent of banks. Thus Chase Manhattan, with $7.5 billion in resources, became the biggest bank in New York City and second biggest...

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