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The National Bank of Detroit (NBD), later renamed NBD Bank, was a bank that operated mostly in the Midwestern United States. Following its merger with First National Bank of Chicago , the bank was ultimately acquired and merged into Bank One , at which point the NBD name was discontinued.
While NBD was the nominal survivor, the merged bank was headquartered in Chicago. In April 1998 First Chicago NBD announced a $30 billion merger with Banc One Corporation of Columbus, Ohio. Bank One was also a leading issuer of credit cards through its First USA division. [3] [4] Following the merger, the company was renamed Bank One ...
First Chicago Corporation: NBD Bancorp: First Chicago NBD Corporation: $5.3 billion [31] JPMorgan Chase: 1995 BB&T: Southern National Corp. BB&T: Truist Financial: 1995 Fleet Financial Group, Inc. Shawmut National Corp. Fleet Financial Group, Inc. Bank of America: 1996 Wells Fargo Corp. First Interstate Bancorp: Wells Fargo Corp. Wells Fargo ...
In 1995, the National Bank of Detroit merged with First Chicago Corp to form First Chicago NBD. [36] Three years later, the new bank merged with Banc One Corp to become Bank One. Bank One became part of JPMorgan Chase in 2004. The Building was known as Chase Tower from 2006 to 2011.
In 1998, Banc One Corporation merged with Chicago-based First Chicago NBD – the result of the 1995 merger of First Chicago Corp. and NBD Bancorp, two large banking companies who had themselves been created through the merger of many banks [119] [120]) – to form Bank One Corporation, and moved its headquarters from Columbus to Chicago. [121]
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In 1956, the Hammond building was demolished to make room for the $20 million National Bank of Detroit (NBD) headquarters building. [17] [24] Construction on the new building, designed by Albert Kahn Associates, began in summer of 1957. NBD moved into its new headquarters in September 1959. [25]
In 1895, the bank's building on the south side of Washington Street just east of Meridian Street was destroyed in a fire. The bank's vault fell from the first floor into the basement, but the contents of the vault, which included $930,000 in gold, $48,000 in silver, $175,000 in paper currency, and $231,000 in bank bills, were undamaged. [3]