Chase Manhattan Corp. has opened shop in Birmingham, Ala., where it will manage the corporate trust business it recently acquired from Compass Bancshares.

The $340 billion-asset New York bank has one of the nation's largest corporate trust businesses, with $1.4 trillion of assets under administration for municipalities and corporations.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.