Chemical Banking Corp. extended the deadline for due-diligence reviews on its $3.5 billion-asset New Jersey bank to Feb. 22.

The move comes amid intense jockeying by the four companies said to be bidding for the bank, which serves southern and central New Jersey. Chemical announced last December that it would sell the units as part of a companywide cost-cutting plan. The deadline originally was to expire Feb. 9.

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