What bank owns Chase?
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with $2.6 trillion in assets and operations worldwide.
JPMorgan Chase Bank, N.A., doing business as Chase, is an American national bank headquartered in New York City that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Chase.
JPMorgan Chase, in its current structure, is the result of the combination of several large U.S. banking companies that merged since 1996, combining Chase Manhattan Bank, J.P. Morgan & Co., and Bank One, as well as asset assumptions of Bear Stearns, Washington Mutual, and First Republic.
In 1955, the Bank of the Manhattan Company merged with Chase National Bank, the third largest in the United States, to form Chase Manhattan Bank. And in 2000, Chase Manhattan merged with JPMorgan & Co, to form today's JPMorgan Chase.
- Chase Manhattan Corp.
- Bank One Corp.
- The Bear Stearns Companies Inc.
- Washington Mutual Bank.
- Cazenove Group.
- InstaMed.
- WePay.
Chase Bank is a subsidiary of JPMorgan Chase, a U.S.-based financial services holding company headquartered in New York City, NY and founded in 2000. Chase Bank has been a subsidiary of JPMorgan Chase since it was established as a separate division of the company in 2000.
Is Capital One owned by Chase? No. Capital One Financial Corporation holds multiple banking businesses, including credit cards (“What's in your wallet?”), auto finance, and retail banking.
During 2009, all of the WaMu Bank branches that had been purchased from the FDIC after the bank had been placed into receivership, were rebranded to Chase or shuttered. All financial documents issued by WaMu were changed to carry the Chase logo.
| Ranking | Bank | Headquarters |
|---|---|---|
| 1 | JPMorgan Chase | New York, NY |
| 2 | Bank of America | Charlotte, North Carolina |
| 3 | Wells Fargo | San Francisco, California |
| 4 | Citibank | New York, New York |
J.P. Morgan is a marketing name for investment businesses of JPMorgan Chase & Co. and its subsidiaries and affiliates worldwide.
Is Chase Bank owned by Chevy Chase?
Chevy Chase Bank was headquartered in Chevy Chase. Maryland (i.e. the “namesake” of the actor Chevy Chase) , and was acquired by Capitol One Bank in 2010. Chevy Chase Bank and J. P. Morgan Chase (i.e. Chase Bank) never had anything other than incidental financial connections with each other.
Chase Manhattan had long been known as the Rockefeller bank, although the family never owned more than 5 percent of its shares. But Mr. Rockefeller was more than a steward. As chairman and chief executive throughout the 1970s, he made it “David's bank,” as many called it, expanding its operations internationally.
Future Treasury Secretary Alexander Hamilton founds the Bank of New York, the oldest continuously operating bank in the United States—operating today as BNY Mellon.
You can make check and cash deposits at virtually any Chase ATM 24 hours a day, 7 days a week. Use our locator to find an ATM or Chase branch.
Yes, all Chase bank accounts are FDIC insured (FDIC# 628) up to $250,000 per depositor, for each account ownership category, in the event of a bank failure.
The oldest bank still in existence is Banca Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472.
Each offers a variety of checking and savings accounts, plus convenient branches and ATM locations. Chase and Wells Fargo provide nearly the same number of branch locations. But Chase operates in 48 states and the District of Columbia, while Wells Fargo has branches in 37 states.
Wachovia Bank is now Wells Fargo Bank following a merger in March 2010.
Bank of America Corporation affiliates include all entities that utilize the Bank of America, Banc of America, Bank of America Private Bank, U.S. Trust, Merrill and BofA Securities brand names.
Capital One is a subsidiary of Capital One Financial Corporation, a U.S.-based bank holding company headquartered in McLean, Virginia and founded in 1994.
What bank did Capital One buy out?
In February 2009, Capital One acquired Chevy Chase Bank for $520 million in cash and stock.
The Iconic Merger of J.P. Morgan and Chase Manhattan
The Chase Manhattan Corporation, with its strong commercial and investment banking, was the perfect match for J.P. Morgan, which was dominant in debt and equity securities underwriting.
As such, both banks boast large branch networks that encompass most of the country and a wide range of deposit accounts, including certificates of deposit, checking and savings accounts. But while Chase and Bank of America share many commonalities, their deposit account offerings can be vastly different.
JPMorgan Chase acquired the deposits, assets, and certain liabilities of Washington Mutual from the FDIC on September 25, 2008, for just $1.9 billion.
