Manufacturers Hanover Corporation was the bank holding company formed as parent of Manufacturers Hanover Trust Company, a large New York bank formed by a merger in 1961. After 1969, Manufacturers Hanover Trust became a subsidiary of Manufacturers Hanover Corporation.
Manufacturers Hanover Corporation, former American multibank holding company whose principal subsidiary was Manufacturers Hanover Trust Company. Headquarters for both were in New York City. The Manufacturers Hanover Trust Company bank had its origins in various banks that arose in New York City in.
History of Manufacturers Hanover Trust Company. Manufacturers Hanover Corporation and its principal subsidiary, Manufacturers Hanover Trust Company, trace their lineage back to 1812, when the New York Manufacturing Company was founded at the corner of Nassau and Liberty Streets.
The Chase Manhattan Bank, Bank One, Manufacturers Hanover Trust Co., Chemical Bank, The First National Bank of Chicago, National Bank of Detroit, The Bear Stearns Companies Inc., Robert Fleming Holdings, Cazenove Group and the business acquired in the Washington Mutual transaction.
Quietly, at 11:59 P.M. Friday, the 180-year-old Manufacturers Hanover Trust Company ceased to exist as an independent bank. By converting Manufacturers into a division of Chemical Bank, from...
The Manufacturers Hanover Corporation, the holding company of Manufacturers Hanover Trust, is one of the world ’ s leading banking and financial institutions. The company has relied on a long series of mergers and acquisitions to boost its influence nationally and worldwide.
In April 1969, the bank was made a subsidiary of a holding company, the Manufacturers Hanover Corporation, and its shares were listed on the New York Stock Exchange. Chemical, the banking name ...
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In July 1991, Chemical announced that it would acquire Manufacturers Hanover Corporation in a $135 billion merger transaction. At the time of the merger, Chemical and Manufacturers Hanover were the sixth and ninth largest banks, respectively, by assets.
The corporation acquired Texas Commerce Bancshares, Inc., in 1987. Its 1991 merger with Manufacturers Hanover Corporation represented one of the largest U.S. bank mergers up to that time. The merged company became the Chemical Banking Corporation.