History
The Texas Commerce Bank traces its roots to 1866. Texas Commerce changed its name to Chase Bank of Texas in 1998 and merged into The Chase Manhattan Bank in 2000.
In 1977, Lady Bird (Claudia Taylor) Johnson (wife of President Lyndon Baines Johnson) became a director of Texas Commerce Bank and Texas Commerce Bancshares in Houston. Other directors were former President Gerald R. Ford, Jr., former U.S. Representative Barbara Jordan and the Odessa oil industrialist Bill Noël. At one time Ken Lay of Enron was a director. Past presidents of the bank include Thomas E. Locke of Lubbock.
Jeb Bush's career started with an entry level position in the international division of the Texas Commerce Bank, a job he received through James A. Baker, III, a longtime family friend and chairman of the board. Bush assisted in drafting communications for the company's chairman, Ben Love. In November 1977 he was sent to the Venezuelan capital of Caracas to open a new operation for the bank. Bush spent about two years there, working in international finance. He eventually worked for the bank's executive program.
J.P. Morgan acquired in 1987
References: Lady Bird Johnson, Director, Texas Commerce Bank - http://content.scholastic.com/browse/article.jsp?id=4952
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