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The Manhattan Company was a New York bank and holding company established on September 1, 1799. The company merged with Chase National Bank in 1955 to form the Chase Manhattan Bank . It is the oldest of the predecessor institutions that eventually formed the current JPMorgan Chase & Co .
The Manhattan Company is founded. The Manhattan Company, JPMorgan Chase's earliest predecessor institution, is chartered by the New York State legislature to supply "pure and wholesome" drinking water to the city's growing population. Among its founders are Alexander Hamilton and Aaron Burr.
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Bank of Manhattan Company: 1799-1955 Chase Manhattan's earliest predecessor, the Manhattan Company, was formed in 1799, ostensibly to supply New York with clean water to fight a yellow fever epidemic.
Among its founders are Alexander Hamilton and Aaron Burr. A provision in the charter allows The Manhattan Company to use its surplus capital for banking operations. Within five months, The Bank of The Manhattan Company opens for business, becoming the second commercial bank in New York City after Hamilton’s Bank of New York.
In December 2000, the combined Chase Manhattan completed the acquisition of J.P. Morgan & Co. in one of the largest banking mergers to date. The combined company was renamed JPMorgan Chase. In 2004, the bank acquired Bank One, making Chase the largest credit card issuer in the United States.
Mar 26, 2012 · The history of JPMorgan Chase spans more than 200 years and includes numerous firms who merged to form today's banking behemoth. Wikimedia Commons. We collected the most important events that ...
The firm's early history can be traced to 1799, with the founding of what became the Chase Manhattan Company. In 1871, J.P. Morgan & Co. was founded by J. P. Morgan who launched the House of Morgan on 23 Wall Street as a national purveyor of commercial, investment, and private banking services.
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