History of JPMorgan Chase

JPMorgan Chase's headquarters are in New York City. Our retail financial services and commercial banking headquarters in Chicago. Our grand old institutions, JP Morgan, Chase Manhattan, Chemical, Manufacturers Hanover, Bank One, First Chicago, and National Bank of Detroit contributed significantly to the development of communities throughout the world. Our corporate history is intertwined with innovations in finance and the globalization of world economy.

Major transactions leading to the formation of JPMorgan Chase include:

In 1991, combined with Chemical Banking Corp. Manufacturers Hanover Corp., keeping the name Chemical Banking Corp., as the second largest bank in the U.S.

In 1995 merged with First Chicago Corp. National Bank of Detroit's NBD Bancorp parent. Constituting the first Chicago NBD, the largest banking company based in the Midwest.

In 1996 merged with Chase Manhattan Corp. Chemical Banking Corp., creating what was then the largest bank holding company in the U.S.

In 1998 merged Banc One Corp. with First Chicago NBD under the name Bank One Corp. Merge subsequently with Louisiana's first Commerce Corp., Bank was one of the largest financial services company in the Midwest, the fourth-largest bank in the U.S. and the world's largest Visa credit card issuer.

In 2000 merged JP Morgan & Co. to Chase Manhattan Corp., in effect combining four of the biggest and oldest money center banks in New York City (JP Morgan Chase, Chemical and Manufacturers Hanover) in a firm called JP Morgan Chase & Co.

These mergers culminated in July 2004 with the joining of JP Morgan Chase & Co. and Bank One Corp. to form today's JPMorgan Chase & Co., Fortune Magazine said that "the merged bank will be big and strong in a variety of companies," adding that " Agreement has been highly praised "by investment analysts. New York Times said the merger "will adjust the competitive landscape for banks" by uniting the investment and commercial banking skills JP Morgan Chase with the consumer banking strengths Bank One.

Credit card giant has grown through acquisitions

Today, Chase is one of the top credit card issuers in the U.S. its development was driven in part by a series of mergers with Chase rising through various acquisitions with a number of banks over the years.

The last half of the 20 century as a series of mergers that would lead to Chase's any elevated position. In 1955, Chase Manhattan Bank was established through a merger of Chase National Bank and Bank of Manhattan Company. At that time members of the Rockefeller family had a strong influence on the Chase National. Chase Manhattan Bank would become the largest U.S. bank by day.

Fast forward several years, and 1984 saw Chase Manhattan Corp. buys Lincoln First Bank, with most of what was then Lincoln First Bank operated as Chase Lincoln First.

The Chemical Banking Corporation bought Chase Manhattan in 1996 with a share-for-stock transaction, but kept Chase name. Their subsidiary banks would be joined later this year.

In December 2000, joined Chase Manhattan Corp. with JP Morgan & Co., to be renamed JPMorgan Chase & Co.

Two years later, Chase will pay 8 billion dollars for a share of Providian.

Later bought JPMorgan Chase Bank One for 76 billion U.S. dollars of 1 July 2004. Bank One had undergone a merger in its recent history, with Bank One buying First USA in 1997 to 23 billion kroner.