JPMorgan Chase Bank, N.A., doing business as Chase, is a national bank that constitutes the consumer and commercial bankingsubsidiary of the multinational banking corporation JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000.[1] Chase Manhattan Bank was formed by the merger of the Chase National Bank and theBank of the Manhattan Company in 1955.[2] The bank is headquartered in Chicago, since its merger with Bank One Corporationin 2004.[3] In 2008, the bank acquired the deposits and most assets of Washington Mutual.
Chase offers more than 5,100 branches and 16,100 ATMs nationwide. JPMorgan Chase has 260,965 employees (as of 2012) and operates in more than 85 countries. JPMorgan Chase currently has assets of approximately $2.509 trillion.
JPMorgan Chase, through its Chase subsidiary, is one of the Big Four banks of the United States.[
The 2005–present logo | |
Type | Subsidiary |
---|---|
Industry | Banking |
Founded | September 1, 1799, as Bank of the Manhattan Company |
Headquarters | Chase Tower, Chicago, Illinois |
Key people | Todd Maclin (CEO of Commercial, Personal and Business Banking) |
Products | Financial services |
Revenue | $58.716 billion (2009) |
Net income | $857 million (2009) |
Employees | 260,965 (2012) |
Parent | JPMorgan Chase |
Divisions | Retail Financial Services, Card Services, Commercial Banking |
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