Manufacturers Hanover Corporation
| Manufacturers Hanover Corporation | |
|---|---|
|
|
| Country |
 United States
|
| Seat | New York City , New York |
| legal form | Corporation |
| founding | 1905 |
| resolution | 1992 |
The Manufacturers Hanover Corporation was a banking holding company that acted as the mother of the Manufacturers Hanover Trust Company (sometimes referred to as Manny Hanny ). This was one of the largest credit institutions in the United States and was taken over in 1991 by Chemical Bank , which today forms the core of JPMorgan Chase . The origin of the major bank lies in the Citizens Trust Company of Brooklyn , which was founded in 1905 and renamed the Manufacturers Trust Company in 1915 . In 1961 this institute merged with the Central Hanover Bank & Trust Company and since then has operated as Manufacturers Hanover Trust Company. In 1977, the bank founded a company run under the name Corporate Challenge, which continues to this day as the JPMorgan Chase Corporate Challenge . Of the Radio Corporation of America of financial services in 1984 Commercial Investment Trust for 1.5 billion US dollars accepted. Through a merger with Chemical Bank in 1991, the name Manufacturers Hanover disappeared from the banking landscape until 1992, but the company's former headquarters, 270 Park Avenue in New York City, still serves as the corporate headquarters of the successor institute JPMorgan Chase. Manufacturers Hanover's logo design was continued with the logo of the merged Chemical Bank.
Individual evidence
- ↑ Neue Zürcher Zeitung : 64,000 starters jostle at the world's largest company run on June 7, 2018, accessed on November 1, 2018
- ↑ NY Times : United Airlines set to buy Hertz from RCA in $ 587 million deal June 18, 1985, accessed November 1, 2018
- ↑ NY Times: HanoverSwaps Stock With Chemical: Banks Join to Form 2d Biggest in US Manufacturers July 16, 1991, accessed November 1, 2018