Banking

Chase Corporate Office

Chase is the subsidiary that handles the consumer and commercial banking of the multinational JP Morgan Chase Bank N.A.

Chase was founded in 1799 as The Manhattan Company. In 1955, the Bank of Manhattan company merged with Chase National Bank to become Chase Manhattan Bank.

In 2004, they merged with the Bank One Corporation and changed their headquarters to Chicago. In 2008, Chase acquired most of the assets of Washington Mutual.

JPMorgan Chase, through its subsidiary Chase, is one of the Big Four banks in the United States, along with Bank of America, Citigroup, and Wells Fargo.

Today Chase is a national bank that constitutes the consumer and commercial banking operations of the multinational bank JPMorgan Chase. Chase has more than 5,000 bank branches, 16,000 ATMs, and has 265,000 employees in 85 countries.

Chase

Chase is the subsidiary that handles the consumer and commercial banking of the multinational JP Morgan Chase Bank N.A.

Chase was founded in 1799 as The Manhattan Company. In 1955, the Bank of Manhattan company merged with Chase National Bank to become Chase Manhattan Bank.

History

In 2004, they merged with the Bank One Corporation and changed their headquarters to Chicago. In 2008, Chase acquired most of the assets of Washington Mutual.

JPMorgan Chase, through its subsidiary Chase, is one of the Big Four banks in the United States, along with Bank of America, Citigroup, and Wells Fargo.

Goldman Sachs Corporate Office

Goldman Sachs was founded in 1869 by Marcus Goldman.

In 1882, Goldman’s son-in-law, Samuel Sachs, joined the business.

In 1885, Goldman’s son, Henry, and another son-in-law joined the business and the name Goldman, Sachs & Company was adopted.

In 1896, the company is listed on the NYSE.

In 1906, the company has an IPO.

In 1929, the Goldman Sachs Trading Corporation fails after the stock market crash. This failure hurts the firm’s reputation.

In 1956, the firm manages the IPO for Ford Motor Company.

In 1981, the firm acquires J. Aron & Company.

In 1999, the company goes public and offers an IPO under the leadership of Henry Paulson, Jr. Paulson would go on to become Secretary of the US Treasury.

Today, Goldman Sachs is one of the largest investment banks in the world. The firm engages in investment banking, securities trading and other financial services.

Goldman Sachs

Goldman Sachs was founded in 1869 by Marcus Goldman.

In 1882, Goldman’s son-in-law, Samuel Sachs, joined the business.

In 1885, Goldman’s son, Henry, and another son-in-law joined the business and the name Goldman, Sachs & Company was adopted.

History

In 1896, the company is listed on the NYSE.

In 1906, the company has an IPO.

In 1929, the Goldman Sachs Trading Corporation fails after the stock market crash. This failure hurts the firm’s reputation.

In 1956, the firm manages the IPO for Ford Motor Company.

In 1981, the firm acquires J. Aron & Company.

In 1999, the company goes public and offers an IPO under the leadership of Henry Paulson, Jr. Paulson would go on to become Secretary of the US Treasury.

Today, Goldman Sachs is one of the largest investment banks in the world. The firm engages in investment banking, securities trading and other financial services.

Fannie Mae Corporate Office

The Federal National Mortgage Association, known as Fannie Mae, was created in 1938 as part of FDR’s New Deal.

In 1954, an amendment was passed that allowed Fannie Mae stock to be purchased by private investors.

In 1968, the company was completely privatized in order to remove its debt from the federal budget.

In 1981, the company issued its first Mortgage Backed Security or MBS.

In 1999, the company began to offer mortgages to low and moderate income families due to political pressure from President Clinton.

In 2003, the subprime mortgage crisis began and the company was thrown into turmoil.

In 2008, the company was placed under control of the Federal Housing Finance Agency (FHFA).

In 2010, the company was removed from the NYSE.

Today, Fannie Mae is the largest player in the US secondary mortgage market.

Fannie Mae

The Federal National Mortgage Association, known as Fannie Mae, was created in 1938 as part of FDR’s New Deal.

In 1954, an amendment was passed that allowed Fannie Mae stock to be purchased by private investors.

In 1968, the company was completely privatized in order to remove its debt from the federal budget.

History

In 1981, the company issued its first Mortgage Backed Security or MBS.

In 1999, the company began to offer mortgages to low and moderate income families due to political pressure from President Clinton.

In 2003, the subprime mortgage crisis began and the company was thrown into turmoil.

In 2008, the company was placed under control of the Federal Housing Finance Agency (FHFA).

In 2010, the company was removed from the NYSE.

Today, Fannie Mae is the largest player in the US secondary mortgage market.

US Bank Corporate Office

US Bank can trace its beginnings back to 1891 as the United States National Bank of Portland. U.S. Bancorp operates under the second-oldest continuous national charter, originally Charter #24, granted in 1863 following the passage of the National Bank Act. It became the United States National Bank of Oregon in 1964.

In 1997, the company merged with First Bank System to become U.S. Bancorp.

In 1999, the company was acquired by Firstar who chose to keep the U.S. Bancorp name. The company headquarters were moved to Minneapolis, MN.

In 2008, the company received $6.5 billion in US government bailout money. It repaid the loan in mid-2009 and was among the first banks to do so.

In 2009, the company acquired Fiduciary Management’s mutual fund division, First Citizens Bank’s bond division, BB&T Corp, and 9 subsidiary banks from FBOP.

The company began using a mobile phone app in 2010 and was one of the first banks to allow “deposit by photo” in 2012.

In 2011, the company acquired First Community Bank of New Mexico.

In 2012, the company acquired BankEast.

In October 2020, the company decided to close more than 7 Milwaukee branches and a full 20 percent of all Colorado branches due to a drop in profits during the 3rd quarter.

While bank stock prices in general have dropped significantly during 2020 due to the coronavirus, financial experts insist that these stocks are worth snatching up and holding on to.

Today, US Bank is the 5th largest bank in the US with more than 32,000 branches and almost 5,000 ATM’s.

US Bank

In 1997, the company merged with First Bank System to become U.S. Bancorp.

History

In 1999, the company was acquired by Firstar who chose to keep the U.S. Bancorp name. The company headquarters were moved to Minneapolis, MN.

In 2008, the company received $6.5 billion in US government bailout money. It repaid the loan in mid-2009 and was among the first banks to do so.

In 2009, the company acquired Fiduciary Management’s mutual fund division, First Citizens Bank’s bond division, BB&T Corp, and 9 subsidiary banks from FBOP.

The company began using a mobile phone app in 2010 and was one of the first banks to allow “deposit by photo” in 2012.

In 2011, the company acquired First Community Bank of New Mexico.

In 2012, the company acquired BankEast.

In October 2020, the company decided to close more than 7 Milwaukee branches and a full 20 percent of all Colorado branches due to a drop in profits during the 3rd quarter.

While bank stock prices in general have dropped significantly during 2020 due to the coronavirus, financial experts insist that these stocks are worth snatching up and holding on to.

Today, US Bank is the 5th largest bank in the US with more than 32,000 branches and almost 5,000 ATM’s.

Regions Bank Corporate Office

Regions Financial Corporation began in 1971 as First Alabama Bancshares when 3 Alabama banks merged: First National Bank of Huntsville, First National Bank of Montgomery, and Exchange Security Bank of Birmingham.

The banks continued to operate independently until 1985 when law changes allowed them to formally merge.

In 1986, the company expanded into Florida. The bank would later expand to much of the Southeast.

In 1992, the company name was changed to Regions Financial Corporation and Regions Bank.

In 2000, the company acquired Morgan Keegan. This division was sold to Raymond James in 2012.

In 2002, the company went public on the NYSE.

In 2004, the company merged with Union Planters Bank.

In 2018 the company decided to sell the insurance part of the business to BB&T, even if it meant taking a loss.

In July 2022, Regions Bank was recognized as one of the Best Workplaces for the Disabled.

In October 2022, Regions Bank was forced to repay customers $141 million in illegal overdraft fees.

Today, Regions is the 22nd largest bank in the US with over 1700 branch locations. The company maintains a corporate office in Birmingham, Alabama.

Regions Bank

History

The banks continued to operate independently until 1985 when law changes allowed them to formally merge.

In 1986, the company expanded into Florida. The bank would later expand to much of the Southeast.

In 1992, the company name was changed to Regions Financial Corporation and Regions Bank.

In 2000, the company acquired Morgan Keegan. This division was sold to Raymond James in 2012.

In 2002, the company went public on the NYSE.

In 2004, the company merged with Union Planters Bank.

In 2018 the company decided to sell the insurance part of the business to BB&T, even if it meant taking a loss.

In July 2022, Regions Bank was recognized as one of the Best Workplaces for the Disabled.

In October 2022, Regions Bank was forced to repay customers $141 million in illegal overdraft fees.

Today, Regions is the 22nd largest bank in the US with over 1700 branch locations. The company maintains a corporate office in Birmingham, Alabama.