The chief credit officer at Chemical, Mr. Albert was the first to go bankrupt.

Citicorp is also looking for a chief credit officer.

At the field level each credit officer is expected to grow her own coverage sub-region containing 10-15 village banks.

Mr. Pierce is the bank's chief credit officer.

Her father is the executive vice president and chief credit officer of the global consumer banking group at Citigroup in New York.

Before that, she was senior credit officer in Citicorp's North American investment bank.

They then get a week or ten days to get a mortgage, and the developer's lender often has credit officers at the auction.

"There will be one senior credit individual who no longer is one of the bank's top credit officers," a spokeswoman for Chemical said yesterday.

William C. Langley, 52 years old, chief credit officer at Manufacturers, will hold the same title after the merger.

Her father is an executive vice president and the chief credit officer of the Chase Manhattan Bank.