Chase (bank)

JPMorgan Chase Bank, N.A., doing business as Chase, is a national bank that constitutes the consumer and commercial banking subsidiary of the multinational banking corporation JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000. Chase Manhattan Bank was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in Chicago, since its merger with Bank One Corporation in 2004. In 2008, the bank acquired the deposits and most assets of Washington Mutual.

Chase offers more than 5,100 branches and 16,100 ATMs nationwide. JPMorgan Chase has 265,359 employees (as of 2014) and operates in more than 100 countries. JPMorgan Chase currently has assets of approximately US$2.6 trillion.

JPMorgan Chase, through its Chase subsidiary, is one of the Big Four banks of the United States.

History

From September 1, 1799, to 1955, it was called The Bank of The Manhattan Company (New York); after a 1955 merger with the Chase National Bank (which existed separately from 1877 to 1954) it was called The Chase Manhattan Bank.

Chase Bank Kenya Limited

Chase Bank Kenya Limited (CBK), commonly referred to as Chase Bank, is a commercial bank in Kenya. It is one of the commercial banks licensed by the Central Bank of Kenya, the central bank and national banking regulator.

Overview

Chase Bank is a large financial services provider in Kenya, with an estimated asset valuation of approximately US$1.04 billion (KES:93.6 billion), as of September 2014.As of November 2013, the bank's shareholders' equity was valued at about US$116.8 million (KES:10.5 billion).At the end of 2013, Chase Bank (Kenya), was ranked 12th in size by assets, out of 43 commercial banks operating in the country at that time.

History

In 1995, several business people acquired a 60% stake in United Bank (Kenya), after paying approximately US$1.23 million (Kenya Shillings 95 million). At that time the bank's headquarters were located in the western town of Kisumu, approximately 380 kilometres (240 mi), by road, northwest of Nairobi, Kenya's capital and largest city.