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Encyclopedia > Chase Bank
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The Chase Manhattan Bank was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955.


The Bank of the Manhattan Company had been founded in 1799 by Aaron Burr, and Chase National Bank was named for former United States Treasury Secretary and Chief Justice Salmon P. Chase, although Chase never had any connection with the latter entity. Vice President Aaron Burr This article is about the U.S. Vice President. ... Salmon Portland Chase (January 13, 1808 – May 7, 1873) was an American politician and jurist in the Civil War era who served as Senator from Ohio, Governor of Ohio, as U.S. Treasury Secretary under President Abraham Lincoln, and Chief Justice of the United States. ...


At the time of the merger in the 1950s, Chase National, which the Rockefeller family had exercised strong influence over since its merger in 1930 with the Equitable Trust bank that had been owned by John D. Rockefeller Jr., was led by John J. McCloy. As Chase was much the larger of the two banks, it was first intended that Chase acquire the "Bank of Manhattan", as it was nicknamed, but it transpired that Burr's original charter for the Manhattan Company had not only included the clause allowing it (originally a water company) to start a bank with surplus funds, but another requiring unanimous consent of shareholders for the bank to be taken over. Therefore, the deal was structured as an acquisition of Chase National by the Bank of the Manhattan Company, with McCloy becoming chairman of the merged entity. // Events and No. ... Rockefeller Rockefeller family Rockefeller Group International, Inc. ... 1930 (MCMXXX) is a common year starting on Wednesday. ... John D. Rockefeller, Jr. ... John J. McCloy John Jay McCloy (March 31, 1895, Philadelphia, Pennsylvania – March 11, 1989, Stamford, Connecticut) was lawyer and banker who later became a United States presidential advisor. ...


Under his successor George Champion, the antiquated 1799 state charter was relinquished for a modern one, and under his successor, David Rockefeller, the bank became part of a bank holding company, the Chase Manhattan Corporation. The merger of The Chase Manhattan Corporation and J.P. Morgan & Co. Incorporated was completed in December 2000. The merged company is named J.P. Morgan Chase & Co. (also referred to as JPMorgan Chase). David Rockefeller, (b. ... A bank holding company is a company that owns two or more banks. ... The Chase Manhattan Corporation was a bank holding company formed as parent of the Chase Manhattan Bank. ... This article is about the year 2000. ... JPMorgan Chase & Co. ...


  Results from FactBites:
 
Chase Manhattan Bank - Wikipedia, the free encyclopedia (288 words)
The Chase Manhattan Bank was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955.
The Bank of the Manhattan Company had been founded in 1799 by Aaron Burr, and Chase National Bank was named for former United States Treasury Secretary and Chief Justice Salmon P. Chase, although Chase never had any connection with the latter entity.
Chase bank also merged with Bank One in the year 2005 and is the United States' second largest credit card issuer only after Bank of America.
Westover Hills - Chase Bank (123 words)
Chase Bank, a major worldwide financial services institution, headquartered in New York, chose San Antonio and the Westover Hills development to build its new 300,000 square foot multi-phase office campus on a 35 acre site on the Southeast corner of Wiseman Blvd. and the new Rogers Road extension.
Chase Bank also has an option to purchase an additional 15 to 20 acres of adjoining land to possibly expand their new facility to a total of 450,000 square feet in the near future.
This Chase Bank facility, along with the American Funds Group/Capital Group Companies 88.5 acre campus, Oberthur Gaming Technologies and QVC Network, make up the heart of the newly developed "Westover Hills Corporate Park".
  More results at FactBites »


 
 

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