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Article: BANKING MERGER CREATES NATION'S THIRD-LARGEST MORTGAGE COMPANY
- Article from:
- PR Newswire
- Article date:
- April 1, 1996
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Copyright informationCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Chase Manhattan Mortgage and Chemical Mortgage Combine
EDISON, N.J., April 1 /PRNewswire/ -- Effective today, Chase Manhattan Mortgage Corporation and Chemical Residential Mortgage Corporation have combined operations. The new entity retains the name Chase Manhattan Mortgage Corporation. The consolidation is a result of the merger of The Chase Manhattan Corporation and Chemical Banking Corporation on March 31, 1996.
Thomas Jacob is Chief Executive Officer of the new Chase Manhattan Mortgage Corporation and Richard A. Mirro is Chief Operating Officer.
With $27 billion in combined originations for 1995, the new Chase Manhattan Mortgage Corporation would have ...
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