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The Manhattan Company is founded
The Manhattan Company, JPMorgan Chase's earliest predecessor institution, is chartered by the New York State legislature to supply "pure and wholesome" drinking water to the city's growing population. Among its founders are Alexander Hamilton and Aaron Burr. -
The New York Clearing House brings efficiency to banking
The New York Clearing House is organized, with several JPMC predecessors as charter members, to systematize the daily settling of checks drawn on other local banks. -
The Panic of 1857
A financial panic causes 18 New York City banks to close on a single day and ushers in a severe economic depression. -
First National Bank of Chicago, eighth in the nation
The First National Bank of Chicago opens for business, becoming the eighth nationally chartered bank under the new National Banking Act. JPMorgan Chase Bank continues to operate under this charter #8 to this day. -
Origins of Bank One
F.C. Sessions and Company is founded in Columbus, Ohio. This is Bank One's earliest predecessor in Columbus, its hometown base. -
Chase Bank begins business
Chase National Bank is founded by John Thompson, a noted New York City banker and financial publisher. Thompson names the new bank in honor of his friend, Salmon P. Chase, Secretary of the Treasury under Abraham Lincoln and architect of the National Banking System. -
A new Morgan home rises on Wall Street
Construction begins in 1912 on a new J.P. Morgan & Co. headquarters at the firm’s historic site at 23 Wall Street. Completed the year after J. Pierpont Morgan’s death, the four-story neoclassical-style building embodies the firm’s characteristically discreet business style. -
Support for the Allies
During World War I, J.P. Morgan & Co. arranges the largest foreign loan in Wall Street history – a $500 million bond issue to support the English and French governments – and acts as purchasing agent for the Allies, facilitating the purchase of over $3 billion worth of war material and other goods needed by the Allies. -
The 1929 stock market crash and its impact on banking
On October 29, 1929, after a decade of speculation and rising prices, the stock market collapses ushering in the Great Depression. The effect on the banking system is devastating as credit tightens and lenders call in margin loans that were used to speculate in the market. -
J.P. Morgan goes public
J.P. Morgan & Co., a private partnership since its inception, incorporates and sells shares to the public, becoming J.P. Morgan & Co. Incorporated. -
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Service during World War II
Thousands of bank employees serve overseas in the military, while at-home employees participate in blood drives and prepare packages of food, clothing and supplies for troops stationed abroad. -
Chase launches the first credit card in New York
Chase Manhattan introduces the Chase Manhattan Charge Plan, the first New York City bank to offer a retail credit account. The card is soon renamed Uni-Card and in 1972 joins the national BankAmericard System, the precursor to Visa. -
Chase Manhattan introduces the Octagon logo
The design firm Chermayeff & Geismar is selected to design a new logo to reflect Chase Manhattan Bank’s increasing global presence. The new octagon symbol is intended to be a simple yet powerful form, embodying a feeling of motion centered around a square. -
Credit cards go national
Credit cards go national -
The ATM era begins
Chemical Bank installs the nation’s first cash dispensing machine – the precursor to the ATM – in a Rockville Center branch on Long Island, inaugurating 24-hour banking in the New York metropolitan area. In 1970 Bank One forerunner City National Bank installs ATMs in its branches, making Columbus, Ohio, a major test market for the machines. Technological improvements to the ATM and added functionality, such as making deposits and transfers, are rolled out beginning in 1971. -
At home banking develops
Bank One tests an early version of home banking called Channel 2000. Bank customers can view their bank balances on a television screen, pay bills and shift money between accounts. The service works over regular telephone lines. -
J.P. Morgan merges with Chase Manhattan
J.P. Morgan & Co. Incorporated merges with The Chase Manhattan Corporation. The new firm is named J.P. Morgan Chase & Co. -
J.P. Morgan Chase merges with Bank One
J.P. Morgan Chase & Co. merges with Bank One Corporation. The new firm, with its corporate headquarters based in New York and its retail division based in Chicago, retains the name JPMorgan Chase & Co. -
Mobile Banking
Chase rolls out innovative mobile banking features to help customers manage their accounts, pay bills and transfer money on mobile phones and tablets. -
Women on the Move
The firm launches its Women on the Move initiative designed to help women at all levels in the company overcome challenges they face in the workplace and grow their careers. -
New Skills for Youth
JPMorgan Chase announces a $75 million global initiative to address the economic opportunity crisis facing young people. The initiative, called New Skills for Youth, aims to provide young adults with skills to help them in their job searches. -
Advancing Black Pathways
Advancing Black Pathways combines JPMorgan Chase's business and philanthropic resources to focus on wealth, education, and careers to accelerate economic opportunities for black people.