1066

Chemical Banking Corp., 1988. Specimen ADR Cert., Unc. condition. ABNC

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:25.00 USD Estimated At:60.00 - 120.00 USD
Chemical Banking Corp., 1988. Specimen ADR Cert., Unc. condition. ABNC
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Chemical Bank was a bank with headquarters in New York City from 1824 until 1996. At the end of 1995, Chemical was the third-largest bank in the U.S., with about $182.9 billion in assets and more than 39,000 employees around the world. Beginning in 1920 and accelerating in the 1980s and 1990s, Chemical was a leading consolidator of the U.S. banking industry, acquiring Chase Manhattan Bank, Manufacturers Hanover, Texas Commerce Bank and Corn Exchange Bank among others. After 1968, the bank operated as the primary subsidiary of a bank holding company that was eventually renamed Chemical Banking Corporation. Following Chemical's acquisition of Chase in 1996, the bank adopted the venerable Chase brand. What was once Chemical forms the core of today's JPMorgan Chase. The bank's holding company, Chemical New York Corporation, was renamed the Chemical Banking Corporation in 1988 following its series of out of state mergers and acquisitions, including Texas Commerce Bank and Horizon Bancorp.