Chemical Banking

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Chemical Banking Corporation was founded in 1824 and was a bank holding company formed as parent to Chemical Bank and ultimately, in the early 1990s, Chemical Securities Inc. The bank was originally owned by New York Chemical Manufacturing, which later disposed of its non-banking operations. After going through some mergers and having names such as Chemical Corn Exchange Bank and Chemical Bank New York Trust, the bank formed the holding company as Chemical New York Corporation in 1969 but changed this to "Chemical Banking" by 1988 as its geographic ambition expanded.

In 1986, it acquired Texas Commerce Bank, and, at the end of 1991, it acquired Manufacturers Hanover Corporation. In 1996, Chemical acquired The Chase Manhattan Corporation and continued under the Chase name until acquiring J.P. Morgan & Co. in December 2000 to form JPMorgan Chase & Co. Throughout all of these acquisitions, Chemical's original management team remained in charge of both the bank and its private equity investment group, JP Morgan Partners, until acquiring Bank One in 2006.