Case: JPMorgan Chase: Chasing Growth Through Mergers and Acquisitions
JPMorgan Chase is a leading global financial services firm that provides broad-range investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity services. As of 2009, JPMorgan Chase operates in more than 60 countries with more than 200,000 employees. JPMorgan Chase serves millions of U.S. consumers and many of the world’s most prominent corporate, institutional, and government clients. JPMorgan Chase is a component of the Dow Jones Industrial Average. With more than $2.3 trillion in assets, JPMorgan Chase is one of the largest banks in the United States. The company is not only doing well currently, with a promising future, but it also has a noteworthy history. JPMorgan Chase & Co. was founded in New York in 1799. The firm is built on the foundation of nearly 1,000 predecessor institutions that have come together over the years to form today’s company. Here are some highlights from its recent history and the key transactions leading up to the formation of JPMorgan Chase:
In 1991, Chemical Banking Corp. combined with Manufacturers Hanover Corp., keeping the name Chemical Banking Corp., then the second-largest banking institution in the United States.
In 1995, First Chicago Corp. merged with National Bank of Detroit’s parent NBD Bancorp., forming First Chicago NBD, the largest banking company based in the Midwest.
In 1996, Chase Manhattan Corp. merged with Chemical Banking Corp., creating what was then the largest bank holding company in the United States.
In 1998, Banc One Corp. merged with First ChicagoNBD, taking the name Bank One Corp. Merging subsequently with Louisiana’s First Commerce Corp., Bank One became the largest financial services firm in the Midwest, the fourth-largest bank in the United States,and the world’s largest Visa credit card issuer.
 In 2000, JPMorgan & Co. merged with ChaseManhattan Corp., in effect combining four of the largest and oldest money center banking institutions in New York City (JPMorgan, Chase, Chemical, and
Manufacturers Hanover) into one firm called JPMorgan Chase & Co.
In 2004, JPMorgan Chase merged with Bank One.
In 2008, JPMorgan Chase acquired