Chemical Banking Corp. on Wednesday announced a reorganization of several core business areas and transferred its chief merger coordinator to a new administrative post.

The nation's third-largest bank, as expected, united its consumer business lines into a group headed by Michael Hegarty, a former Manufactuers Hanover executive who was running Chemical's branch network.

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.