The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. Image File history File links Broom_icon. ... Image File history File links No higher resolution available. ... JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. ... Nickname: Location in the state of New York Coordinates: Country United States State New York Boroughs The Bronx Brooklyn Manhattan Queens Staten Island Settled 1625 Government  - Mayor Michael Bloomberg (R) Area  - City  468. ...

"After an epidemic of yellow fever in 1798, in 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."^[1] This article needs additional references or sources to facilitate its verification. ... Alexander Hamilton (January 11, 1755 or 1757–July 12, 1804) was an Army officer, lawyer, Founding Father, American politician, leading statesman, financier and political theorist. ... The Bank of New York (NYSE: BK), sometimes BNY, is a global financial services company operating in four primary business areas: Securities servicing Treasury management Investment management Private banking Bank of New York and Mellon Financial Corporation will merge. ...

Chase National Bank (formed in 1877 by John and Samuel Thompson) was named for former United States Treasury Secretary and Chief Justice Salmon P. Chase, although Chase did not have a connection with the bank. ... 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. ...

A Chase Bank location in Austin, Texas across from the University of Texas at Austin

The Chase National Bank was a leading wholesale bank in the 1920s and it acquired a number of smaller banks through its Chase Securities Corporation. Its most significant acquisition though was the Equitable Trust Company of New York in 1930, the largest stockholder of which was John D. Rockefeller Jr. This made it the largest bank in America and indeed the world. Image File history File linksMetadata Download high-resolution version (2272x1704, 844 KB)[edit] Summary Taken by WhisperToMe [edit] Licensing I, the creator of this work, hereby release it into the public domain. ... Image File history File linksMetadata Download high-resolution version (2272x1704, 844 KB)[edit] Summary Taken by WhisperToMe [edit] Licensing I, the creator of this work, hereby release it into the public domain. ... Nickname: Live Music Capital of the World Location in the state of Texas Coordinates: Country United States State Texas Counties Travis County, Williamson County Government  - Mayor Will Wynn Area  - City  296. ... The University of Texas at Austin, often called UT or Texas, is a doctoral/research university located in Austin, Texas. ... John D. Rockefeller, Jr. ...

Under his successor, George Champion, the antiquated 1799 state charter was relinquished for a modern one, and under his later successor, David Rockefeller, the bank became part of a bank holding company, the Chase Manhattan Corporation. David Rockefeller, Sr. ... 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. ...

As Chase was a much larger bank, 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 to start a bank with surplus funds, but another requiring unanimous consent of shareholders for the bank to be taken over. The deal was therefore structured as an acquisition by the Bank of the Manhattan Company of Chase National, with McCloy becoming chairman of the merged entity. This avoided the requirement of unanimous consent by shareholders. Burr transformed the Manhattan Company from a water carrier into a bank.

Violation of the Trading with the Enemy Act

On April 17, 1945, the Chase National Bank "was placed on trial in federal court on charges of having violated the Trading with the Enemy Act." (Higham, Trading 26-31) Chase Bank and the Morgan Bank were expressly forbidden to keep open their branches in Occupied Paris. Im sorry, I dont really know how to use Wikipedia. ...

Treasury officials urged that an investigation be started with the French subsidiaries of several American banks — that is, Chase, Morgan, National City, Guaranty, Bankers Trust, and American Express. Although Chase and Morgan were the only two banks to maintain French offices throughout the Nazi occupation, in September 1944 all the major New York banks were pressing the U.S. Government for permission to re-open pre-war branches. Subsequent Treasury investigation produced documentary evidence of collaboration between both Chase Bank and J.P. Morgan with the Nazis in World War II.

Mergers

In July of 1996 The Chase Manhattan Bank was purchased by Chemical Bank of New York (who had recently acquired Manufacturers Hanover Corporation) and then changed its name to The Chase Manhattan Corporation, as the name was better known globally. The state charter remained that of Chemical Bank. The subsequent merger of The Chase Manhattan Corporation and J.P. Morgan & Co. Incorporated was completed in December 2000 - the merged company was renamed JPMorgan Chase & Co. (also referred to as JPMorgan Chase). The bank also acquired Bank One in 2005 and is now the largest credit card issuer in the US. Chemical Banking Corporation was founded in 1824 and was a bank holding company formed as parent to Chemical Bank and ultimately, in the early 1990s, The bank was originally owned by New York Chemical Manufacturing, which later disposed of its non-banking operations. ... Bank One, based in Chicago, Illinois, was the sixth-largest bank in the United States. ...

References

Further reading

• The Chase: The Chase Manhattan Bank, N.A., 1945-1985, John Donald Wilson, Boston: Harvard Business School Press, 1986.
• Memoirs. David Rockefeller, New York: Random House, 2002.
• The Chairman: John J. McCloy - The Making of the American Establishment, Kai Bird, New York: Simon & Schuster, 1992.
• Water for Gotham: A History, Gerard T. Koeppel, Princeton: Princeton University Press, 2000.

See also

• Rockefeller family
• David Rockefeller
• John J. McCloy

The Rockefeller family, founded by John D. Rockefeller (1839-1937) (Senior) and his brother William Rockefeller (1841-1922), is an American industrial, banking, and philanthropic family of British-French-German-American origin that made the worlds largest private fortune in the oil business during the late 19th and early... David Rockefeller, Sr. ... To meet Wikipedias quality standards, this article or section may require cleanup. ...

External links

• An Evolutionary View of Internationalization: Chase Manhattan Bank, 1917 to 1996. A Financial Institutions Center study (pdf) completed in 2002.
• Don't cash that check! It's a scam: Banks team up with questionable marketers to take your money (http://www.msnbc.msn.com/id/15104735/)
• Chase discards tapes with data on 2.6M Circuit City customers (http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9003108)
• Interest rate hike and unwillingness to cooperate - Platinum MasterCard (http://www.my3cents.com/showReview.cgi?id=7044)
• Surprise! Your credit rate is 29%(http://www.marketwatch.com/News/Story/Story.aspx?guid=4ea37be4-684d-499d-8c4a-efefac3c7af7&siteid=mktw&dist=morenews)
• Chase Bank Sucks Website critical of Chase Manhattan Bank.
• Chase Victimizes Their Customers Link to whistle blower site with many complaints about Chase Credit Cards and their practice of jacking up interest rates.