Chemical Bank

Chemical Bank was a bank with headquarters in New York City from 1824 until 1996. The bank operated as the primary subsidiary of the Chemical Banking Corporation, a bank holding company established in 1988. At the end of 1995, Chemical was the third largest bank in the U.S. with approximately $182.9 billion in assets.

Beginning in 1920 but accelerating in the 1980s and 1990s, Chemical was a leading consolidator of the banking industry in the United States, acquiring Chase Manhattan Bank, Manufacturers Hanover, Texas Commerce Bank and Corn Exchange Bank among others. Following Chemical's acquisition of Chase, the bank adopted the venerable Chase brand. What had been Chemical Bank is now a foundational component of what today is JPMorgan Chase.

Chemical Bank was headquartered in New York City with more than 39,000 employees globally as of the end of 1995.

Overview of the company

Chemical Bank was the principal operating subsidiary of the Chemical Banking Corporation, a bank holding company. As of the end of 1995, prior to its merger with the Chase Manhattan Bank, Chemical was the third largest bank in the United States in terms of total assets with $182.9 billion of assets. The Chemical Banking Corporation was the fifth largest bank holding company in terms of total assets.

Chemical Financial Corporation

Chemical Bank is a Michigan-based bank headquartered in Midland, Michigan. It is the wholly owned subsidiary of Chemical Financial Corporation, and has 187 offices in Michigan's lower peninsula. It is Michigan's second largest bank headquartered in Michigan.

Currently

Chemical Financial Corporation ("Chemical") is the second largest banking company headquartered and operating branch offices in Michigan. Chemical operates through its subsidiary banks, Chemical Bank, The Bank of Holland and the Bank of Northern Michigan, with 187 banking offices spread over 47 counties in Michigan. At June 30, 2015, Chemical and its affiliates had, on a pro forma basis, $9.0 billion in consolidated assets, $7.0 billion in consolidated loans and $7.3 billion in consolidated deposits. Chemical Financial Corporation's common stock trades on The NASDAQ Stock Market under the symbol CHFC and is one of the issues comprising The NASDAQ Global Select Market.

The current CEO is David B. Ramaker. Chemical Bank has received an "outstanding" CRA rating from the Federal Reserve Bank of Chicago.