bank headquarters new_york_city bank operated primary subsidiary bank holding company established end chemical largest bank approximately billion assets beginning accelerating 1980s 1990s chemical leading banking industry united_states acquiring following chemical acquisition chase bank adopted chase brand component today headquartered new_york_city employees globally end overview company principal operating subsidiary bank holding company end prior merger chemical largest bank united_states terms total assets billion assets fifth largest bank holding company terms total assets chemical billion total assets bank held approximately billion loans representing balance mortgage loans consumer loans commercial loans internationally chemical largest international exposure japan germany united_kingdom assets bank balance sheet included cash debt equity chemical reported record net income billion chemical level capital end remained strong capital excess regulatory requirements corporation tier respectively chemical leading banks active corporate banking retail banking retail banking chemical provided personal commercial checking accounts savings time deposit accounts personal loans consumer financing mortgage banking trust estate administration chemical corporate banking business provided wide variety business loans real estate financing money transfer cash management services chemical leading bank small medium sized businesses chemical significant presence investment banking corporate debt equity lines business prior merger chase chemical structured operating segments global bank serviced bank large corporate clients traditional investment banking division known sales trading division known performed advisory services acquisitions restructuring capital raising functions loan syndication high yield financing debt equity bank private equity venture capital functions housed division primarily focused sales trading activities foreign exchange dealing derivatives trading risk management market related functions revenue roughly balanced investment banking markets activities consumer relationship banking number businesses including consumer banking commercial banking credit cards mortgage banking consumer finance home equity loans student loans number smaller businesses chemical maintained leading market share position providing financial services middle market companies nationally small businesses new_york metropolitan area division included small private banking business chemical leading player market offices bank opened offices broadway downtown new_york corner bank agreed sell building neighbor building collapsed subsequent bank moved newly constructed headquarters broadway chemical bought additional land adjacent broadway building offices remained modest start 20th century bank constructed new headquarters original adjacent properties broadway chemical acquired story building belonging broadway door surrounded existing properties despite expanding headquarters years need additional space accommodate growth reflect increasing profile bank plans time constructing new story location broadway corner broadway street closer chemical moved new headquarters completion building bank headquarters remain location decades chairman chemical headquarters park avenue bank moved park avenue occupy headquarters park avenue headquarters chemical successor returned park avenue following departure previous tenant following acquisition bank relocated investment banking groups chemical old headquarters madison avenue history founding early history company founded original directors company additionally director largest original shareholders bank founders manufacturing company produced chemicals blue acid means securing bank charter legislature 1820s prospective found likely able successfully secure charter bank larger business following year april company successfully amended charter allow chemical begin banking practice result originally division named president bank merchants new_york_city bank serve chemical second president mason later referred father richest merchants day new_york succeeded mason responsible establishing highly conservative business culture young bank persist nearly years years bank paid pay interest customers deposits mason responsible leading chemical speculative bubble collapsed banks suspended payment gold silver years later chemical stand continue payments crisis bank followed payments chemical earliest resume payments mason died september legacy taken successors later cousin lead chemical serving president years close connections particularly married daughters mason jones families maintain effective control chemical decades succeeded joined bank served bank onward position williams chemical conservative style banking williams serve president original charter expired chemical company bank bank directors new charter bank president company sold remaining chemical division real estate holdings years later chemical charter member largest bank clearing house chemical presidents serve head clearing house serving serving earned nickname old taking stand continue bank notes crisis panic hit banks caused number failures led banks country suspend payments turn issuing paper notes chemical decision highly unpopular fellow banks led bank temporary suspension chemical charter member hundreds banks closed including banks new_york single day chemical developed reputation stability reputation proved extremely important chemical growth subsequent 1860s chemical frequently refrain good gold good gold today advertisements 1860s 20th century chemical received national charter urging secretary treasury allowed chemical issue government backed national bank notes forerunner paper money early 1870s chemical accumulated deposits excess million contemporary perspective chemical described bank follows famous corporation stock commands greater price proportion par value bank stock greatest surplus undivided profits single exception bank country largest individual deposits pays largest percentage par value corporation kind shares bank based par value sold high decade 20th century chemical strongest banking business decline losing accounts year unlike peers chemical reluctant expand businesses paid interest bank accounts practices considered highly conservative allowed chemical develop large capital reserve attracting customers prominent banker era named president bank death previous president porter leave chemical seven years later partner succeeded named president chemical named new president bank death uncovered months death chemical president stolen account niece initiated major turnaround chemical setting trust business reversing chemical policy paying interest cash accounts steps initiatives resulted increase deposits million million succeeded remained bank chairman board hold presidency bank time bank grown seventh largest chemical completed major acquisition merging acquisition small new_york commercial bank increased chemical assets million million deposits chemical established branch end 1920s opened dozen branches manhattan brooklyn branch london international presence chemical state bank new_york merged headquartered madison avenue street depression era 1930s chemical deposits grew bank reached billion assets period chemical established business retirement named new president chemical serve president later chairman bank years retirement helm chemical completed series large late 1940s early 1950s bank largest chemical merged chemical merge years later merge chemical completed largest acquisition point merging founded based new_york_city built network branches states acquisition community banks merger added additional branches chemical system largely new_york_city million deposits bank known merged effectively doubling size company large trust wholesale banking business specialized large industrial accounts time merger fourth largest bank new_york ninth largest bank merger created largest bank new_york fourth largest billion assets following merger bank dropped usage corn exchange corporate chemical reorganized bank holding company allowed rapid expansion early 1960s chemical begun expand new_york suburbs opening branches long_island late 1960s early 1970s chemical focused building international business years chemical opened new offices frankfurt germany switzerland brussels belgium paris france tokyo japan chemical acquired branch network long_island 1980s chemical continued pursuing acquisitions 1980s notably acquisitions attempted takeover chemical agreed enter merger laws preventing interstate banking lifted giving chemical option acquire business february rebuffed attempted acquire sued obtain injunction chemical merger early dropped takeover attempt agreed exchange shares branch offices consideration following deal cleared merge chemical interstate banking acquisitions prohibited federal law required state legislative approval deadline running option buy sign state legislative approval sold interest million chemical completed largest transaction 1980s december bank agreed acquire billion transaction represented largest interstate banking merger history time officially acquired largest bank holding companies strong presence corporate banking small medium sized businesses chemical seek backing acquisition large texas banks acquired acquired bank received billion support ultimately chemical contributed million shore continued suffer losses chemical agreed merger new_jersey based merger completed interstate banking rules bank holding company renamed following series state acquisitions including period 1980s early 1990s chemical emerged leaders financing transactions late 1980s chemical developed reputation financing building syndicated finance business related advisory businesses auspices pioneering investment banker chemical permission corporate bonds years chemical later chase major investment grade debt lee additionally chemical launched invest private equity transactions alongside financial sponsors 1990s july chemical announced acquire billion merger transaction time merger chemical sixth ninth largest banks respectively assets transaction closed end combined bank retained chemical second largest bank terms assets customers approximately million household accounts chemical adopted logo design moved headquarters park avenue new_york corporate banking better established larger blue chip companies chemical stronger medium sized businesses nationally combined largest companies arguably leader loan syndication globally additionally chemical took leading role providing foreign exchange interest rate currency corporate finance services cash management corporate institutional trust trade services funds transfer chemical operated nation largest bank credit card franchises major home chemical acquired merger valued billion create largest financial institution united_states chemical acquiring company nominal survivor merged bank adopted chase considered better known particularly internationally chase height largest bank fallen sixth chemical largest bank time merger merger resulted reduction jobs banks merger related expenses approximately billion bank continued operate chase brand acquisition december form acquisitions chemical original management team led remained charge bank combined bank purchased longtime chemical executive named ceo combined firm additionally chemical businesses remained intact chemical private equity group example renamed multiple times ultimately completing spin bank bank merger bank additionally retains chemical stock price history chemical old headquarters park avenue acquisition history electronic banking chemical pioneers electronic online banking september chemical installed automated machine branch centre new_york designed fixed cash user inserted specially coded card advertisement boasted bank open close chemical initially known designed company chemical executives initially hesitant electronic banking transition given high cost early machines additionally executives concerned customers resist having machines handling money chemical initiated personal computer based banking system launched pilot electronic banking program called spent million develop software system worked console began new_york served customers extension electronic banking services offered chemical included corporate cash management system growing network largest early bank home computer based banking year launching chemical million customers system large high monthly subscription costs chemical charged customers use clear heavily promoted chemical growing slower anticipated chemical pioneer electronic banking entered joint venture known market banking stock services computer equipped households combining resources sharing costs firms hope reduce risk large protracted losses discontinued efforts loss nearly million notable employees executives executives directors later ceo investment banker senior executive notable role development finance markets partner private equity firm member board chairman ceo early second president founder president international developer director original director cousin president uncle founder chairman ceo chemical later chairman employees world money market fund founder ceo washington mutual bank seized ford ambassador businessman academic philanthropist founder author trader specializing options derivatives president ceo partner wife director american author consultant united_states senator pennsylvania american author financial executive educator
Chemical Bank