WASHINGTON - Chase Manhattan Corp. seems to believe it has found a profitable way to meet inner-city banking needs, and secure Community Reinvestment Act credit in the process.

The $114 billion-asset giant has opened a prototype neighborhood banking center in Harlem. The storefront includes an automated teller machine, a direct link to Chase's phone banking system, a community meeting room, and a bank employee who can take loan applications or answer questions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.