Chase National Bank was formed in 1877 by John Thompson.It was named for former United States Treasury Secretary and Chief Justice Salmon P. Chase,although Chase did not have a connection with the bank.
The Chase National Bank acquired a number of smaller banks through its Chase Securities Corporation throughout the 1920s. Its most significant acquisition though was the Equitable Trust Company of New York in 1930, the largest stockholder of which was John D. Rockefeller Jr. This made it the largest bank in America and indeed the world.
The Chase National Bank acquired a number of smaller banks through its Chase Securities Corporation throughout the 1920s. Its most significant acquisition though was the Equitable Trust Company of New York in 1930, the largest stockholder of which was John D. Rockefeller Jr. This made it the largest bank in America and indeed the world.
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