how long has Chase Bank been in business?

How many years has J.P.Morgan's Chase Bank been in business?

3 Answers

  • 1 decade ago
    Favorite Answer

    Chase traces its history back to the founding of The Manhattan Company by Aaron Burr on September 1, 1799 in a house at 40 Wall Street:

    After an epidemic of yellow fever in 1798, in which coffins had been sold by itinerant vendors on street corners, Aaron Burr established the Manhattan Company, with the ostensible aim of bringing clean water to the city from the Bronx River but in fact designed as a front for the creation of New York's second bank, rivaling Alexander Hamilton's Bank of New York.

    In addition to being fierce political and personal rivals, Aaron Burr and Alexander Hamilton competed in business, with Burr's Bank of the Manhattan Company competing against Hamilton's Bank of New York. In 1804 their rivalry erupted into a duel, leading to the death of Alexander Hamilton. The dueling pistols are owned by the successor company of Chase Manhattan. They are currently on display on the executive conference floor of the JP Morgan Chase building at 277 Park Avenue in New York.

    Chase National Bank was formed in 1877 by John Thompson. It was named for former United States Treasury Secretary and Chief Justice Salmon P. Chase, although Chase did not have a connection with the bank.

    The Chase National Bank acquired a number of smaller banks through its Chase Securities Corporation throughout the 1920s. Its most significant acquisition though was the Equitable Trust Company of New York in 1930, the largest stockholder of which was John D. Rockefeller Jr. This made it the largest bank in America and indeed the world.

    Source(s): wikipeadia
  • Chin
    Lv 4
    4 years ago

    Yeah it's possible

  • Anonymous
    4 years ago

    I was wondering the same question too today

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