The firm is built on the foundation of more than 1,200 predecessor institutions that have come together through the years to form today's company.
We trace our roots to 1799 in New York City, and our many well-known heritage firms include J.P. Morgan & Co., The Chase Manhattan Bank, Bank One, Manufacturers Hanover Trust Co., Chemical Bank, The First National Bank of Chicago, National Bank of Detroit, The Bear Stearns Companies Inc., Robert Fleming Holdings, Cazenove Group and the business acquired in the Washington Mutual transaction. Each of these firms, in its time, was closely tied to innovations in finance and the growth of the U.S. and global economies.
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.
A provision in the charter allows The Manhattan Company to use its surplus capital for banking operations. Within five months, The Bank of The Manhattan Company opens for business, becoming the second commercial bank in New York City after Hamilton’s Bank of New York. With his banking monopoly broken, Hamilton severs his association with the water company.
Our Hiring Process in Four Steps
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