Chase branches in the U. Chase Bank, is a national bank that constitutes the chase online statement pdf and commercial banking subsidiary of the U. The bank was known as Chase Manhattan Bank until it merged with J.
Chase Manhattan Bank was formed by the merger of the Chase National Bank and The Manhattan Company in 1955. The bank has been headquartered in Columbus, Ohio since its merger with Bank One Corporation in 2004. The bank acquired the deposits and most assets of Washington Mutual.
Chase offers more than 5,100 branches and 16,000 ATMs nationwide. JPMorgan Chase, through its Chase subsidiary, is one of the Big Four banks of the United States. Aaron Burr, 3rd Vice President of the United States and founder of The Manhattan Company. Rockefeller family were the largest shareholders of Chase National Bank.
Chase’s southwest regional headquarters in Phoenix, Arizona. After an epidemic of yellow fever in 1798, during which coffins had been sold by itinerant vendors on street corners, Aaron Burr established the Manhattan Company, with the ostensible aim of bringing clean water to the city from the Bronx River but in fact designed as a front for the creation of New York’s second bank, rivaling Alexander Hamilton’s Bank of New York. In 2006, the modern-day Chase bought the retail banking division of the Bank of New York, which then only months later merged with Pittsburgh-based Mellon Financial to form the present-day BNY Mellon.
Chase National Bank was formed in 1877 by John Thompson. It was named after former United States Treasury Secretary and Chief Justice Salmon P. Chase, although Chase did not have a connection with the bank.
The Chase National Bank acquired a number of smaller banks in the 1920s, through its Chase Securities Corporation. In 1926, for instance, it acquired Mechanics and Metals National Bank. However, its most significant acquisition was the Equitable Trust Company of New York in 1930, the largest stockholder of which was John D.
This made Chase the largest bank in America and indeed, in the world. Chase was primarily a wholesale bank, dealing with other prominent financial institutions and major corporate clients, such as General Electric, which had, through its RCA subsidiary, leased prominent space and become a crucial first tenant of Rockefeller Center, rescuing that major project in 1930. In 1955, Chase National Bank and The Manhattan Company merged to create The Chase Manhattan Bank.