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Chase history
Chase company history timeline
Connections with mainland China are reinvigorated the same year when Chase Manhattan becomes the first American correspondent of the Bank of China since the 1949 revolution.
On March 31, 1955, Chase National Bank (then the nation’s 3rd largest bank) and the Bank of the Manhattan Company (the 15th largest) merged to form The Chase Manhattan Bank.
The Marine Corporation in Wisconsin, a Bank One predecessor, is the first bank holding company in the United States, founded in 1958.
In 1959, Chase Manhattan Bank installed an IBM 650 computer, which enabled the staff to process transactions at lightning speed.
Its reorganization as the Chase Manhattan Corporation in 1969 reflected a general movement in American banking to establish holding companies to own banking operations that were separate from other operations such as finance companies, which were by law excluded from the purview of banking.
The bank was renamed Morgan Guaranty Trust Co. in 1969.
In 1970 Bank One forerunner City National Bank installs ATMs in its branches, making Columbus, Ohio, a major test market for the machines.
Technological improvements to the ATM and added functionality, such as making deposits and transfers, are rolled out beginning in 1971.
In 1971, the same department unveiled its head turning 'Any Car' campaign, showcasing a vehicle created from the parts of 22 different cars.
In 1974, David Rockefeller, chairman of Chase Manhattan Bank, establishes the Chase Manhattan Bank Archives in an effort to preserve the legacy of his firm.
In 1989 Morgan became a leading United States underwriter of corporate debt, and by the end of the 20th century it had become one of the world’s most-respected investment banking houses.
In 1996 The Chase Manhattan Corporation merged with the nation’s second largest bank, the New York-based Chemical Banking Corporation, to form what was then the largest bank in the United States.
First Chicago NBD introduces a free Internet bank in 1998.
The Chase Manhattan Corporation, former American holding company that merged with J.P. Morgan & Co. in 2000 to form J.P. Morgan Chase & Co.
Bank One of Chicago merged with JPMorgan Chase in 2004.
Although the original design featured multiple colors and patterns, in 2004 the solid blue octagon was adopted.
In 2008 JPMorgan Chase suffered billions of dollars in losses during the subprime mortgage crisis, a severe contraction of liquidity in credit markets worldwide brought about by the steep devaluation of mortgage-backed securities.
In 2010, the firm acquired the successful British investment bank, Cazenove.
In May 2012 JPMorgan Chase announced that an investment unit of the bank had lost some $2 billion through a complex series of trades in derivatives, including credit-default swaps (CDSs).
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Chase competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Alpha Wire | 1922 | $85.0M | 375 | - |
| Panduit | 1955 | $1.0B | 5,050 | 45 |
| Far Bank Enterprises | 2005 | $30.0M | 161 | 3 |
| Qualstar | 1984 | $10.6M | 16 | - |
| JPMorgan Chase & Co. | 2000 | $2.4B | 255,351 | 12,756 |
| Westlake Chemical | 1986 | $1.1B | 8,870 | 246 |
| UNIVERSAL GROUP | 1983 | $370,000 | 1 | - |
| Ccmi, Inc. | - | $930,000 | 7 | 98 |
| Heller Machine Tool | - | $23.0M | 267 | 4 |
| AEA Technology | - | $5.0M | 10 | 7 |
Chase history FAQs
Zippia gives an in-depth look into the details of Chase, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Chase. The employee data is based on information from people who have self-reported their past or current employments at Chase. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Chase. The data presented on this page does not represent the view of Chase and its employees or that of Zippia.
Chase may also be known as or be related to CHASE CORP, Chase, Chase Corp., Chase Corporation, chase manhattan mortgage, chase card services, chase paymentech and chase manhattan.