According to Chase, the sides of the octagon represent forward motion, while the blank space in the middle suggests progress originates from the center and is a single unit made up of separate parts, like the bank. According to Chermayeff, the Chase logo was merely intended to be distinctive and geometric, and was not intended at all to resemble a cross-section of a wooden water pipe.
It has been reported that the Chase logo was a stylized representation of the primitive water pipes laid by the Manhattan Company, but this story was refuted in 2007 by Ivan Chermayeff himself. This avoided the need for unanimous consent by shareholders.įor Chase Manhattan Bank's new logo, Chermayeff & Geismar designed a stylized octagon in 1961, which remains part of the bank's logo today.
McCloy becoming chairman of the merged entity. The deal was therefore structured as an acquisition by the Bank of the Manhattan Company of Chase National, with John J. As Chase was a much larger bank, it was first intended that Chase acquire the "Bank of Manhattan", as it was nicknamed, but it transpired that Burr's original charter for the Manhattan Company had not only included the clause allowing it to start a bank with surplus funds, but another requiring unanimous consent of shareholders for the bank to be taken over. In 1955, Chase National Bank and The Manhattan Company merged to create the Chase Manhattan Bank. JPMorgan Chase, through its Chase subsidiary, is one of the Big Four banks of the United States. had assets of $3.31 trillion in 2022, which makes it the largest bank in the United States as well as the bank with the most branches in the United States and the only bank with a presence in all of the contiguous United States. has 250,355 employees (as of 2016) and operates in more than 100 countries. The bank merged with Bank One Corporation in 2004 and later acquired the deposits and most assets of Washington Mutual.Ĭhase offers more than 5,100 branches and 17,000 ATMs nationwide. Chase Manhattan Bank was formed by the merger of the Chase National Bank and the Manhattan Company in 1955. The bank was known as Chase Manhattan Bank until it merged with J.P. multinational banking and financial services holding company, JPMorgan Chase. JPMorgan Chase Bank, N.A., doing business as Chase Bank or often as Chase, is an American national bank headquartered in New York City, that constitutes the consumer and commercial banking subsidiary of the U.S.
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