ROANOKE TIMES

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, April 6, 1993                   TAG: 9304060069
SECTION: BUSINESS                    PAGE: B4   EDITION: METRO 
SOURCE: 
DATELINE: NEW YORK                                LENGTH: Short


MANNY HANNY'S GONE; NEW CHEMICAL LIVES ON

To the strains of a brass band, Chemical Banking Corp. on Monday officially buried the name of its merger partner and former rival, Manufacturers Hanover Trust Co.

The retirement of the "Manny Hanny" name was the last phase of what is generally regarded as a successful bank merger. Manufacturers Hanover joins the names of other once-mighty banks that have been shed as the industry consolidates: NCNB Corp., C&S-Sovran Corp. and Security Pacific Bank.

The new Chemical, the nation's third-largest banking company, is a leader in loan syndication and lending to so-called middle-market businesses. It raised $1.52 billion in a new stock offering last year.

The origin of the Manny Hanny name is rich with history. Hanover Bank began business on April 10, 1851, in a small square near Wall Street, bank records show.

Manufacturers' roots go back to 1812 with the founding of New York Manufacturing Co., which had banking powers as part of its charter. - Associated Press



by Bhavesh Jinadra by CNB