The Chemical Banking Corporation was the bank holding company for Chemical Bank in New York City from 1823 until 1996. It changed its name to Chase following the acquisition of Chase Manhattan.
The company was founded in 1823 as the New York Chemical Manufacturing Company in Greenwich Village. It produced chemicals such as blue vitriol, alum, nitric acid, camphor and saltpeter, as well as medicines, paints, and dyes.
Its charter was amended in 18...
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The Chemical Banking Corporation was the bank holding company for Chemical Bank in New York City from 1823 until 1996. It changed its name to Chase following the acquisition of Chase Manhattan.
The company was founded in 1823 as the New York Chemical Manufacturing Company in Greenwich Village. It produced chemicals such as blue vitriol, alum, nitric acid, camphor and saltpeter, as well as medicines, paints, and dyes.
Its charter was amended in 1824 to allow banking practices. It became the Chemical Bank of New York in 1844 and completely left the manufacturing business in 1851 although the name was to stick.
It received its national charter in 1865. Following a series of acquisitions it merged with the Corn Exchange Bank to become the Chemical Corn Exchange Bank in 1954. It continued acquisitions and became the Chemical Banking Corporation in 1988.
In 1986, it acquired Texas Commerce Bank, and, at the end of 1991, it acquired Manufacturers Hanover Corporation. At the same time, in the...
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