On Jan. 14, J.P. Morgan Chase announced a $59 billion merger with Bank One, just three months after Bank of America and FleetBoston said they would tie the knot. But there’s a difference: This time, Wall Street is wildly enthusiastic, while reaction to the earlier deal was lukewarm at best.
JPMorgan Chase, Bank One complete mergerNew York and Chicago, July 1, 2004 - J.P. Morgan Chase & Co. (NYSE:JPM) and Bank One Corporation today completed the merger of their holding companies, effective 12:01 a.m. July 1, 2004. The combined company will be known as J.P. Morgan Chase & Co.
The combined entity, to be called J.P. Morgan Chase & Co., would have a market capitalization of about $130 billion, $1.1 trillion in assets, and 2,300 branches in 17 states. Bank One shares...
Bank One Corporation was an American bank founded in 1968 and at its peak the sixth-largest bank in the United States. It traded on the New York Stock Exchange under the stock symbol ONE. The company merged with JPMorgan Chase & Co. on July 1, 2004.
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.
The merger, which was announced on April 13, creates the nation's 5th largest bank holding company, with assets of more than $240 billion. BANK ONE is a major corporate bank nationally and in selected international markets in 11 foreign countries, the nation’s second-largest credit card company, the leading retail bank in eight states, the ...
Chart of U.S. bank mergers 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. References [ edit] Banks portal
Chicago-based Bank One Corporation formed in 1998 through the merger of Banc One Corporation, headquartered in Columbus, Ohio, and First Chicago NBD Corp. The fourth largest bank in the United States in the late 1990s, Bank One is also the number two issuer of credit cards.