Magazine

Table: Distinguished Pedigrees


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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