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Bank property for investment, please email info@nnndeals.com; We have access to an extensive
inventory of triple net Chase Bank Properties for sale in Washington DC, Maryland, Virginia and the entire United
States.
About Chase
Bank:
JPMorgan Chase Bank, NA, doing
business as Chase, is the consumerand commercial
bankingsubsidiary of JPMorgan
Chase.[2]
The bank was known as Chase Manhattan Bank until it merged
with J.P. Morgan &
Co. in
2000.[1] Chase Manhattan Bank was
formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955.[3]
The bank is headquartered in Chicago, since its merger with Bank One Corporation in 2004.[4] In 2008, the bank
acquired the deposits and most of the assets of Washington Mutual.
JP Morgan Chase, through its CHASE subsidiary, is one of the Big Four
banksof the United States.[5][6]
In July 1996, the Chase Manhattan
Bank was purchased by Chemical
Bankof New York, which had acquired Manufacturers Hanover
Corporationand Texas Commerce
Bankseveral years earlier. Although Chemical was the nominal survivor, the
merged company retained the Chase name since it was better known (particularly outside the United
States).
In December 2000, the combined
Chase Manhattan completed the acquisition of J.P. Morgan &
Co., one of the largest banking mergers to date. The combined company was
renamed JPMorgan Chase &
Co.In 2004the bank also acquired Bank
One, making Chase the largest credit card issuer in the US and JPMorgan Chase also
acquired Bear Stearns &
Co.and Washington
Mutualin 2008. After closing around 400 branches of the
combined company (less than 10% of the branches), Chase will have around 5,410 branches in 23 states as of the
closing date of the acquisition.[11][12]According to data
from SNL
Financial(data as of June 30, 2008), this places Chase third behind Wells
Fargoand Bank of
Americain terms of total U.S. retail bank
branches.
In 2004, JPMorgan Chase merged
with Chicagobased Bank One
Corp., bringing on board its current chairman and CEO Jamie
Dimonas president and COO and designating him as CEO William B. Harrison,
Jr.'s successor. Dimon's pay was pegged at 90% of Harrison's. Dimon quickly made his influence
felt by embarking on a cost-cutting strategy and replaced former JPMorgan Chase executives in key positions
with Bank One executives—many of whom were with Dimon at Citigroup. Dimon became CEO in January 2006 and
Chairman in December 2006.
Bank One
Corporationwas formed upon the 1998 merger between Banc One of Columbus,
Ohioand First Chicago
NBD. These two large banking companies had themselves been created through the merger of many
banks. JPMorgan Chase completed the acquisition of Bank
Onein Q3 2004. Today, the former Bank One and First Chicago headquarters
in Chicago serve as the headquarters of CHASE,
JPMorgan Chase's commercial and retail bank.
Chase Bank Properties For
Sale Across the United States:
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