Chase Bank

This article is about the American bank. For its parent company, see JPMorgan Chase. For the British bank, see J.P. Morgan in the United Kingdom § Chase UK. For the buildings, see Chase Tower (Chicago) and Bank of the Manhattan Company Building.

JPMorgan Chase Bank, N.A.
Chase Bank
Company typeSubsidiary
IndustryBanking
PredecessorThe Manhattan Company
Founded1799; 225 years ago (1799)
FounderJohn Thompson
Headquarters
New York City, New York
,
U.S.
Number of locations
4,700 branches
15,000 ATMs nationwide
100 countries[1]
Area served
United States
Key people
Jamie Dimon (chairman and CEO)
ProductsFinancial services
ServicesRetail Financial Services
Card Services
Commercial Banking
RevenueUS$124.54 billion (2022)
US$42.12 billion (2022)
Total assetsUS$4 trillion (2022)
Number of employees
250,355 (2022)
ParentJPMorgan Chase
Websitewww.chase.com
Footnotes / references
[2]
Chase branches in the contiguous U.S. in 2020. The company also operates in Hawaii (not shown on the map).

JPMorgan Chase Bank, N.A., doing business as Chase, is an American national bank headquartered in New York City that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000.[3] Chase Manhattan Bank was formed by the merger of the Chase National Bank and the Manhattan Company in 1955.[4] The bank merged with Chemical Bank New York in 1996 and later merged with Bank One Corporation in 2004[5] and in 2008 acquired the deposits and most assets of Washington Mutual. In May 2023, it acquired the assets of First Republic Bank.

Chase offers more than 4,700 branches and 15,000 ATMs nationwide and has 18.5 million checking accounts and 25 million debit card users as of 2023.[1] JPMorgan Chase & Co. has 250,355 employees (as of 2016) and operates in more than 100 countries. JPMorgan Chase & Co. had assets of $3.31 trillion in 2022 which makes it the largest bank in the United States[6] as well as the bank with the most branches in the United States[7] and the only bank with a presence in all of the contiguous United States.[8] JPMorgan Chase, through its Chase subsidiary, is one of the Big Four banks of the United States.[9][10]

  1. ^ a b "About Chase Bank". Chase.com. Retrieved December 15, 2020.
  2. ^ "Financial Highlights" (PDF). Jpmorganchase.com. Retrieved March 1, 2022.
  3. ^ The History of JPMorgan Chase & Co (PDF). JPMorgan Chase & Co. 2008. Archived from the original (PDF) on September 27, 2011. Retrieved October 14, 2011.
  4. ^ "J.P. Morgan Chase & Co". International Directory of Company Histories. St. James Press. 2001. Retrieved November 4, 2007.
  5. ^ "History of Our Firm". JPMorgan Chase & Co. Retrieved October 14, 2011.[permanent dead link]
  6. ^ Goldberg, Matthew. "These Are The 15 Largest Banks In The U.S." Bankrate. Retrieved July 9, 2022.
  7. ^ Goldberg, Matthew. "The Most Popular Bank In Each State For 2022". Bankrate. Retrieved July 9, 2022.
  8. ^ "NOTEBOOK: Chase's first Iowa branch part of bank's new 48-state retail footprint". Business Record. Retrieved July 9, 2022.
  9. ^ Tully, Shawn (February 27, 2009). "Will the banks survive?". Fortune Magazine/CNN Money. Retrieved December 17, 2009.
  10. ^ "Citigroup posts 4th straight loss; Merrill loss widens". USA Today. Associated Press. October 16, 2008. Retrieved December 17, 2009.