Chemical Bank was a bank with headquarters in New York City from 1824 until 1996. The bank operated as the primary subsidiary of the Chemical Banking Corporation, a bank holding company established in 1988. At the end of 1995, Chemical was the third largest bank in the U.S. with approximately $182.9 billion in assets.
Beginning in 1920 but accelerating in the 1980s and 1990s, Chemical was a leading consolidator of the banking industry in the United States, acquiring Chase Manhattan Bank, Manufacturers Hanover, Texas Commerce Bank and Corn Exchange Bank among others. Following Chemical's acquisition of Chase, the bank adopted the venerable Chase brand. What had been Chemical Bank is at the core of what today is JPMorgan Chase.
Chemical Bank was headquartered in New York City with more than 39,000 employees globally as of the end of 1995.
Read more about Chemical Bank: Overview of The Company
Famous quotes containing the words chemical and/or bank:
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