This article is about the former bank headquartered in New York City. For Chemical Bank in Michigan, see TCF Financial Corporation.
Chemical Bank
Chemical's logo, adopted from Manufacturers Hanover after the banks' merger
Industry
Bank holding company
Founded
1824; 200 years ago (1824)
Founder
Balthazar P. Melick
Defunct
1996 (1996)
Fate
Acquired Chase Manhattan Bank in 1996 and assumed the Chase name
Successor
JPMorgan Chase
Headquarters
New York City
Key people
Walter V. Shipley (chairman, CEO) William B. Harrison Jr. (vice chairman) John Francis McGillicuddy (director)
Products
Financial services
Total assets
$182.9 billion (1995)[1]
Number of employees
39,078 (1995)[1]
Subsidiaries
Major acquisitions: Manufacturers Hanover, Chase Manhattan Bank, Texas Commerce Bank, Corn Exchange Bank
Chemical Bank was a bank with headquarters in New York City from 1824 until 1996. At the end of 1995, Chemical was the third-largest bank in the U.S., with about $182.9 billion in assets and more than 39,000 employees around the world.[1]
Beginning in 1920 and accelerating in the 1980s and 1990s, Chemical was a leading consolidator of the U.S. banking industry, acquiring Chase Manhattan Bank, Manufacturers Hanover, Texas Commerce Bank and Corn Exchange Bank, among others. After 1968, the bank operated as the primary subsidiary of a bank holding company that was eventually renamed Chemical Banking Corporation.
In 1996, Chemical acquired Chase Manhattan Corporation in a merger valued at $10 billion, creating the largest financial institution in the United States. Although Chemical was the acquiring company and the nominal survivor, the merged bank adopted the Chase name, which was considered to be better known, particularly internationally. What was once Chemical forms the core of today's JPMorgan Chase.
^ abc"Chemical Banking Corp. SEC Form 10-K Annual Report for the Year Ended December 31, 1995". U.S. Securities and Exchange Commission.
ChemicalBank was a bank with headquarters in New York City from 1824 until 1996. At the end of 1995, Chemical was the third-largest bank in the U.S....
Chase National Bank and the Manhattan Company in 1955. The bank merged with ChemicalBank New York in 1996 and later merged with Bank One Corporation...
ceased to exist. Following the merger with Chemical, in 1996, the new Chemical bought Chase Manhattan Bank and four years later would merge with J.P....
] expansion. On January 28, 2019, Detroit-based ChemicalBank announced it would merge with TCF Bank. The new corporation was to retain the TCF name,...
shows some of the mergers noted above. Solid arrows point from the acquiring bank to the acquired one. The lines are labeled with the year of the deal and...
Barclays in London, in 1967, and by ChemicalBank in Long Island, New York, in 1969. In 1972, Lloyds Bank issued the first bank card to feature a personal identification...
"Which bank is the oldest? Accounts vary - The Boston Globe". Boston Globe. ChemicalBank and Trust Company (1913). History of the ChemicalBank, 1823-1913...
Texas-based bank acquired by Chemical Banking Corporation of New York in May 1987. The acquisition of Texas Commerce Bank represented the largest interstate...
Company. In 1954, it merged with ChemicalBank and the combined entity took the name Chemical Corn Exchange Bank. After Chemical Corn merged with New York Trust...
grandfather, Donald Campbell Platten, was the chief executive and chairman of ChemicalBank. Vanderbilt was raised in Norwalk, Connecticut, and attended school...
22-year naming rights agreement with ChemicalBank, which took effect on July 1, 2018; the following month, Chemical announced that it would relocate its...
deposits of $188,000,000. It merged with the ChemicalBank and Trust Company in 1948. The Continental Bank and Trust Company was established on August...
banks, many working on parallel tracks to United American, followed in 1981 when four of New York's major banks (Citibank, Chase Manhattan, Chemical Bank...
she appeared in the financial district. Gottfried started working at ChemicalBank in the Financial District of Manhattan on May 27, 1968. By late August...
York family with substantial interests in ChemicalBank as a result of marrying the daughters of the bank's founder, John Mason. The Joneses and other...
Institute of American Art, Youngstown, Ohio, US Chase Manhattan Bank, New York, US ChemicalBank, New York, US Evansville Museum of Arts, History and Science...
including Bank of New York, Barclays BankChemicalBank, Manufacturers Hanover Trust Company and Marine Midland Bank. It was one of the first networks of...
ChemicalBank, which retained the Chase name, to form what was then the largest bank holding company in the United States. In December 2000, the bank...
specially coded card. A ChemicalBank advertisement boasted "On Sept. 2 our bank will open at 9:00 and never close again." Chemical's ATM, initially known...
Magazine, Volume 94, 1917 History of the ChemicalBank 1823–1913. Privately Published by The Chemical National Bank, 1913 "Cornelius Van Schaak Roosevelt/Margaret...
aroma chemicals…". The way the iSmell dispenses the chemicals into the air is very similar to a Febreze dispenser where it releases the chemicals and the...
Global Information
$182.9 billion (1995)[1]