Both J.P. Morgan and Chase, which joined Chemical, have colorful pasts
CHASE
1799
Aaron Burr founds Manhattan Co. to test the supremacy of Alexander Hamilton's Bank of New York
1877
Lincoln's Treasury Secretary, Salmon P. Chase, founds Chase National Bank
1930
Chase National buys John D. Rockefeller's Equitable Trust Co.
1955
Chase National and Manhattan Bank merge to form Chase Manhattan, run by David Rockefeller
CHEMICAL BANK
1823
New York Chemical Manufacturing Co. founded
1920 to 1987
Merges with a slew of banks including New York Trust and Manufacturers Hanover Trust
1996
Merges with Chase Manhattan and takes its name
J.P. MORGAN CO.
1860 J. Pierpont Morgan founds the bank
1934
It spins off investment banking, creating Morgan Stanley, Drexel & Co.
1959
Merges with Guaranty Trust Co.
Data: International Directory of Company Histories
Corrections and Clarifications
A table accompanying "The besieged banker" (Cover Story, Apr. 22) gave an incorrect date for Chemical Bank's purchase of Manufacturers Hanover Trust Co. The deal was was announced in 1991.
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