Chase Manhattan Corp. has signed a definitive agreement to buy the corporate trustee and agency business of Mellon Bank for an disclosed price.

Under the agreement, expected to close in the fourth quarter, about 6,600 accounts for which Mellon now serves as trustee or agent will be transferred to Chase Global Trust.

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.