Search results
This 2012 chart 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 color-coded from blue (older) to red (newer). Dotted arrows point to the final merged entity.
Year Merger ClosedAcquirerAcquired BankMerged Entity2022202120192017Feb 16, 2019 · NationsBank and BankAmerica became Bank of America. Wells Fargo joined with Norwest. J.P. Morgan and Chase melded, and then bought Bank One.
Mar 16, 2023 · March 16, 2023 – Bank of America, Citigroup, JPMorgan Chase and Wells Fargo announced today they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY‑Mellon, PNC Bank, State Street, Truist and U.S. Bank are each making an ...
- JPMorgan & Co. Inc./The Chase Manhattan Corp.
- Bank One Corp.
- The Bear Stearns Companies Inc.
- Washington Mutual Bank
- Cazenove Group
- InstaMed
- WePay
- The Bottom Line
Type of Business: Banking and Financial ServicesAcquisition Price: $30.9 billion to $38.58 billionAcquisition Date: Sept. 13, 2000 (announced)Type of Business: Banking and Financial ServicesAcquisition Price: Approximately $58 billionAcquisition Date: July 1, 2004 (completed)Type of Business: Investment BankingAcquisition Price: $1.4 billionAcquisition Date: May 31, 2008Type of Business: Savings and Loan AssociationAcquisition Price: $1.9 billionAcquisition Date: Sept. 25, 2008Type of Business: Stockbroker and Investment BankAcquisition Price: $1.7 billionAcquisition Date: Nov. 19, 2009 (announced)Type of Business: Healthcare PaymentsAcquisition Price: Over $500 millionAcquisition Date: July 24, 2019Type of Business: Payment Processing TechnologyAcquisition Price: More than $220 million and up to $400 million including retention bonuses and earnouts upon hitting specified growth targetsAcquisition Date: Dec. 2017JPMorgan Chase is the largest commercial bank in the U.S. by assets. Its history has consisted of various bank mergers and acquisitions that have made it the large, global player that it is today. Some of these acquisitions boosted the company while others dented the business, yet the bank has continued to perform well and maintain its leading posi...
Jan 12, 2024 · Profits for the fourth quarter of 2023 reported on Friday by JPMorgan Chase, Bank of America and Wells Fargo exceeded analysts’ expectations, and the banks, which together provide...
Jan 1, 2009 · By adding Merrill, Bank of America vaulted over JPMorgan Chase & Co and Citigroup Inc to become the largest U.S. bank by assets, with about $2.7 trillion. Wells Fargo ranks fourth, with...
People also ask
Did JPMorgan Chase & Wells Fargo restructure?
Did JPMorgan Chase & Wells Fargo beat analysts' expectations?
Why did JPMorgan Chase buy Bank One?
Are Bank of America and JPMorgan muscling in?
Feb 9, 2015 · The orderly transition of leadership at Wells Fargo and JPMorgan Chase has allowed them to surge ahead of Bank of America and Citigroup.
