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Chase branches in the contiguous U.S. in 2020. The company also operates in Hawaii (not shown on the map).. JPMorgan Chase Bank, N.A., doing business as Chase, is an American national bank headquartered in New York City that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Chase.
Chase Manhattan most frequently refers to Chase Bank, especially prior to its merger with J.P. Morgan & Co. to form JPMorgan Chase. Chase Manhattan may also refer to: 1201 North Market Street, Wilmington, Delaware, formerly Chase Manhattan Centre; Bank of the Manhattan Company Building (disambiguation), several buildings in New York City
The Chase Manhattan Bank was formed upon the 1955 purchase of Chase National Bank (established in 1877) by The Bank of the Manhattan Company (established in 1799), [14] the company's oldest predecessor institution. The Bank of the Manhattan Company was the creation of Aaron Burr, who transformed the company from a water carrier into a bank. [15]
Two established banks in Lower Manhattan, the Chase National Bank and the Manhattan Company, merged to create the Chase Manhattan Bank in 1955. [1] [64] Chase had been the largest bank in the U.S. until the early 20th century, [1] and the merger made the Chase Manhattan Bank the second-largest bank in the United States. [65]
The bank paid $5 million in reparations in the form of a scholarship program for Black students. [15] [16] [17] J.P. Morgan, the company itself, is still active as the business and investment banking subsidiary of JPMorgan Chase; Chase Manhattan Bank is still active as the personal banking subsidiary of the company.
The building currently houses parts of JPMorgan Chase's Investment Bank, Commercial Bank, and other corporate functions. JP Morgan's takeover of Bear Stearns in 2008 resulted in most investment banking employees moving to 383 Madison Avenue to reduce the leased real estate footprint in Midtown. 277 Park Avenue remains under the ownership of the ...
JP Morgan Chase Bank (commonly referred to as Chase Bank or just Chase) serves nearly half of American households. Chase Manhattan Bank merged with J.P. Morgan & Co. in 2000.
The Manhattan Company Building at 40 Wall Street. In 1891, the board of directors of the Bank of Manhattan Trust Company elected Stephen Baker vice president. Baker, a son of former U.S. Representative Stephen Baker and protégé of financier John Stewart Kennedy, was the grandson of Stephen Baker, a prominent New York merchant who was one of the original stockholders of the Manhattan Company.