September 25, 1990

An article in Saturday's Sun about New York's Chase Manhattan Corp. said that branch operations at its Maryland affiliate, Chase Bank of Maryland, may not be profitable and that it was uncertain how the Maryland bank might fit into Chase Manhattan's long-term plans.

That information, obtained from Chase in New York, is incorrect, according to Chase Bank of Maryland officials, who say the affiliate is a profitable segment of Chase's domestic individual business. Chase Manhattan's senior management has identified this type of business as a core area of growth.

The Sun regrets the error.

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