NEW YORK - Chemical Banking Corp.'s California trust subsidiary has acquired the shareholder-services business of Bishop Trust Co. Ltd., a Honolulu-based company. Chemical did not disclose the purchase price nor the number of accounts it will acquire.

The shareholder services business has undergone major consolidation in the past few years, with many banking companies shedding their stock transfer units.

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.