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:
“We are close to dead. There are faces and bodies like gorged maggots on the dance floor, on the highway, in the city, in the stadium; they are a host of chemical machines who swallow the product of chemical factories, aspirin, preservatives, stimulant, relaxant, and breathe out their chemical wastes into a polluted air. The sense of a long last night over civilization is back again.”
—Norman Mailer (b. 1923)
“We bank over Boston. I am safe. I put on my hat.
I am almost someone going home. The story has ended.”
—Anne Sexton (1928–1974)