Texas Commerce Bank
This article needs additional citations for verification. (October 2009) |
The Texas Commerce Bank (officially Texas Commerce Bank N.A.
Prior to the merger, interstate banking was illegal in Texas and many other states,[3] which effectively prevented such cross-border mergers. 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 and Texas Commerce Bank, and later Chase Manhattan Bank would not have been possible.[4]
Through a series of mergers and acquisitions
History
The Texas Commerce Bank, formerly known as Texas National Bank of Commerce Houston, was a product of the 1964 merger of the National Bank of Commerce and the Texas National Bank.[5] Texas Commerce changed its name to Chase Bank of Texas in 1998 and merged into The Chase Manhattan Bank in 2000.[6]
In 1977,
.The New York City based Chemical Bank acquired 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 Commerce Bank - Lady Bird (Claudia Taylor) Johnson | Scholastic
Further reading
- Buenger, Walter L. (1986). But Also Good Business: Texas Commerce Banks and the Financing of Houston and Texas, 1886-1986. College Station, Texas: Texas A&M University Press. ISBN 0-89096-280-4.
References
This article includes a list of general references, but it lacks sufficient corresponding inline citations. (October 2009) |
- ^ N.A. is short for National Association
- ^ Sarnoff, Nancy. "Historic downtown Chase building sold." Houston Chronicle. February 12, 2010. Retrieved on February 24, 2010.
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 2009-02-13. Retrieved 2009-02-09.
{{cite web}}
: CS1 maint: archived copy as title (link) - ^ http://www.federalreserve.gov/boarddocs/press/BHC/2001/20010709/attachment.pdf [bare URL PDF]
- ^ "Texas Commerce Bank". University of Houston Libraries.
- ^ "JPMorganChase corporate website". 2006. Archived from the original on 2006-02-15. Retrieved 2007-10-14.