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The Texas
Texas
Commerce Bank (officially Texas
Texas
Commerce Bank N.A.[1], with its parent bank holding company known as Texas
Texas
Commerce Bancshares, Inc.) was a Texas-based bank acquired by Chemical Banking Corporation of New York in May 1987. The acquisition of Texas
Texas
Commerce Bank represented the largest interstate banking merger in history at the time with a purchase price of $1.2 billion.[citation needed] The bank had its headquarters in what is now the JPMorgan Chase
JPMorgan Chase
Building (formerly Gulf Building) in Downtown Houston, Texas.[2] Prior to the merger, interstate banking was illegal in Texas
Texas
and many other states,[3] which effectively prevented such cross-border mergers. Texas
Texas
and New York had changed their laws to allow a merger of an in-state bank and an out-of-state bank. Without those changes to the law, the merger between Chemical Bank
Chemical Bank
and Texas
Texas
Commerce Bank, and later Chase Manhattan Bank
Chase Manhattan Bank
would not have been possible.[4] Through a series of mergers and acquisitions Chemical Bank
Chemical Bank
bought Chase Manhattan Bank
Chase Manhattan Bank
and then JP Morgan finally changed Texas
Texas
Commerce to JPMorgan Chase
JPMorgan Chase
& Co. History[edit] The Texas
Texas
Commerce Bank, formerly known as Texas
Texas
National Bank of Commerce Houston, was a product of the 1964 merger of the National Bank of Commerce and the Texas
Texas
National Bank.[5] Texas
Texas
Commerce changed its name to Chase Bank
Chase Bank
of Texas
Texas
in 1998 and merged into The Chase Manhattan Bank
Chase Manhattan Bank
in 2000.[6] In 1977, Lady Bird (Claudia Taylor) Johnson (wife of President Lyndon Baines Johnson) became a director of Texas
Texas
Commerce Bank and Texas Commerce Bancshares in Houston. Other directors were former President Gerald R. Ford, Jr., former U.S. Representative
U.S. Representative
Barbara Jordan
Barbara Jordan
and the Odessa oil industrialist Bill Noël. At one time Ken Lay
Ken Lay
of Enron
Enron
was a director. Past presidents of the bank include Thomas E. Locke of Lubbock. Jeb Bush's career started with an entry-level position in the international division of the Texas
Texas
Commerce Bank, a job he received through James A. Baker, III, a longtime family friend and chairman of the board. Bush assisted in drafting communications for the company's chairman, Ben Love. In November 1977 he was sent to the Venezuelan capital of Caracas to open a new operation for the bank. Bush spent about two years there, working in international finance. He eventually worked for the bank's executive program. The New York City
New York City
based Chemical Bank
Chemical Bank
acquired Texas
Texas
Commerce in 1987, and through a series of various mergers over the years, is now part of the present-day JPMorgan Chase. References: Lady Bird Johnson, Director, Texas
Texas
Commerce Bank - http://content.scholastic.com/browse/article.jsp?id=4952 References[edit]

Houston
Houston
portal Companies portal

This article includes a list of references, but its sources remain unclear because it has insufficient inline citations. Please help to improve this article by introducing more precise citations. (October 2009) (Learn how and when to remove this template message)

^ N.A. is short for National Association ^ Sarnoff, Nancy. "Historic downtown Chase building sold." Houston Chronicle. February 12, 2010. Retrieved on February 24, 2010. ^ http://www.cato.org/pubs/journal/cj6n3/cj6n3-6.pdf ^ http://www.federalreserve.gov/boarddocs/press/BHC/2001/20010709/attachment.pdf ^ " Texas
Texas
Commerce Bank". University of Houston
Houston
Libraries.  ^ "JPMorganChase corporate website". 2006. Archived from the original on 2006-02-15. Retrieved 2007-10-14. 

v t e

JPMorgan Chase

Divisions

J.P. Morgan & Co. Chase Bank Chase Paymentech Chase Card Services Canada EMC Mortgage Company Highbridge Capital Management J.P. Morgan Cazenove One Equity Partners

Notable current executives

Jamie Dimon
Jamie Dimon
(CEO) Steven Black Jing Ulrich Marianne Lake

Notable former executives

John Pierpont Morgan J. P. Morgan
J. P. Morgan
Jr. Junius Spencer Morgan George Peabody Henry Sturgis Morgan David Rockefeller William B. Harrison Jr. John B. McCoy Walter V. Shipley Douglas A. Warner III Temple Bowdoin Jes Staley Blythe Masters James B. Lee Jr. Thomas W. Lamont Dennis Weatherstone John J. McCloy Winthrop Aldrich Matthew E. Zames

Board of directors

Linda B. Bammann James A. Bell Crandall C. Bowles Stephen B. Burke Todd A. Combs James S. Crown Jamie Dimon Timothy P. Flynn Laban P. Jackson Jr. Michael A. Neal Lee R. Raymond William C. Weldon

Historical components

American Fletcher Anchor Savings Bank Banca Commerciale Italiana Trust Co. Bank One The Manhattan Company Bank United of Texas Bear Stearns CenTrust Bank Chase Manhattan Bank Chemical Bank Continental Bank and Trust Corn Exchange Bank Dime Savings Bank of New York First Chicago First USA Great Western Bank Hambrecht & Quist H. F. Ahmanson & Co. Indiana National Jardine Fleming J.P. Morgan & Co. Lincoln Savings Manufacturers Hanover National Bank of Detroit National Park Bank New York Trust Company Providian Robert Fleming & Co. State Bank of Chicago Texas
Texas
Commerce Bank Valley National Bank of Arizona Washington Mutual

Buildings

125 London Wall 245 Park Avenue 25 Bank Street 270 Park Avenue 277 Park Avenue 383 Madison Avenue Chase Field Chase Tower (Amarillo) Chase Tower (Chicago) Chase Tower (Dallas) Chase Tower (El Paso) Chase Tower (Englewood, Colorado) Chase Tower (Indianapolis) Chase Tower (Milwaukee) Chase Tower (Oklahoma City) Chase Tower (Phoenix) Chase Tower (Rochester) Chater House Indiana Michigan Power Center (Fort Wayne) JPMorgan Chase
JPMorgan Chase
Building (San Francisco) JPMorgan Chase
JPMorgan Chase
Tower (Houston) McCoy Center One Chase Manhattan Plaza The Qube (Detroit)

Category Commons

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