DALLAS - Chemical Banking Corp. said it had established a Dallas-based corporate trust subsidiary.

The New York-based banking company said it had set up Chemical Shareholder Service Group Inc. to serve its new customers in the Southwest, many of whom were obtained through the acquisition of Nations-Bank's stock-transfer portfolio this year.

Thomas Maupin was named president of the unit. He had been vice president of Sanwa Bank Ltd.-Dallas Agency, a division of Tokyo-based Sanwa Bank Ltd.

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