chemical banking corporation

The Chemical Banking Corporation was a bank holding company formed as parent of Chemical Bank, which had been founded in 1824. The bank was originally owned by New York Chemical Manufacturing, which later disposed of its non-banking operations. After going through some mergers, and having names such as Chemical Corn Exchange Bank and Chemical Bank New York Trust, the bank formed the holding company as Chemical New York Corporation, but changed this to "Chemical Banking" as its geographic ambition expanded. In 1986, it merged with Texas Commerce Bank, and at the end of 1991 it merged with Manufacturers Hanover Corporation. On March 31 1996, Chemical merged with the The Chase Manhattan Corporation, and continued under the latter name though it was Chemical's management in charge and corporate charter in effect.

Chemical Banking Corporation

See also