 The 1986–1991 logo was in use until its merger with Chemical Bank; Chemical continued its usage until its merger with Chase. | |
| Manufacturers Hanover Trust Company | |
| Company type | Public |
| NYSE: MHC | |
| Industry | Bank holding company |
| Founded |
|
| Defunct | December 31, 1991 |
| Fate | Acquired by Chemical Bank and assumed the name Chemical after the 1991 merger. |
| Successor | Chemical Bank |
| Headquarters | New York City |
Key people | |
| Products | Financial services |
| Total assets | $61.3 billion (1991) |
Number of employees | 19,721 (1990) |
Manufacturers Hanover Corporation was an American bank holding company that was formed as parent of Manufacturers Hanover Trust Company (MHT or, informally, Manny Hanny), a large New York City bank formed through a merger in 1961 with ancestor companies having had a long history in New York banking. After 1969, Manufacturers Hanover Trust became a subsidiary of Manufacturers Hanover Corporation. Throughout most of its existence, Manufacturers Hanover Trust was the fourth-largest bank in the United States.
The bank was known for stability and was well established via its retail customer base and New York branch locations as well as in having a number of large blue-chip corporate customers. It ran several memorable advertising campaigns in the 1970s and also had some prominent sports sponsorship arrangements. Over time it gained substantial operations in other parts of the United States as well as overseas.
But by the late 1980s, Manufacturers Hanover had fallen in rank among American banks and was troubled by a number of bad loans, especially ones in Latin America. In 1991 it merged into Chemical Banking Corporation and within a couple of years had disappeared under its name. However it continued to have an influence via some of its executives, internal systems, and its presence at 270 Park Avenue which successor corporations down to JPMorgan Chase continued to locate their headquarters in.