18 Facts About Chase Bank


JPMorgan Chase Bank, N A, doing business as Chase Bank or often as Chase, is an American national bank headquartered in New York City, that constitutes the consumer and commercial banking subsidiary of the U S multinational banking and financial services holding company, JPMorgan Chase.

FactSnippet No. 1,123,671

JPMorgan Chase, through its Chase subsidiary, is one of the Big Four banks of the United States.

FactSnippet No. 1,123,672

In 2006, the modern-day Chase bought the retail banking division of the Bank of New York, which then only months later merged with Pittsburgh-based Mellon Financial to form the present-day BNY Mellon.

FactSnippet No. 1,123,673

In 1991, Chase Manhattan expanded into Connecticut by acquiring two insolvent banks.

FactSnippet No. 1,123,674

JPMorgan Chase Bank added Bear Stearns and Washington Mutual to its acquisitions in 2008 and 2009 respectively.

FactSnippet No. 1,123,675

In October 2010, Chase Bank was named in two lawsuits alleging manipulation of the silver market.

FactSnippet No. 1,123,676

The merger between Bank One and JPMorgan Chase meant that corporate headquarters were now in New York City while the retail bank operations of Chase were consolidated in Chicago.

FactSnippet No. 1,123,677

Chase Bank completed the rebranding of Washington Mutual branches to Chase in late 2009.

FactSnippet No. 1,123,678

In 2019, Chase began opening retail branches in Pittsburgh and other areas within Western Pennsylvania; this coincided with Bank of America starting a similar expansion within the area the previous year.

FactSnippet No. 1,123,679

Chase had previously considered buying National City branches from PNC that were required for divesture following that bank's acquisition of National City in 2009, but were instead sold to First Niagara Bank ; it had been speculated that PNC intentionally sold the branches to a much smaller competitor due to not wanting to compete with a "Big Four" bank in its home market.

FactSnippet No. 1,123,680

The last state in the US to have a Chase Bank branch was Montana, with the branch in Billings the first branch in the state.

FactSnippet No. 1,123,681

In September 2021, JPMorgan Chase entered the United Kingdom retail banking market by launching an app-based current account and Deposit account under the Chase brand.

FactSnippet No. 1,123,682

Chase Bank's goes on to say that an American ambassador protected the U S subsidiaries.

FactSnippet No. 1,123,683

In May 1999, Chase Bank Manhattan reached a settlement with 20 plaintiffs who filed an asset reparations lawsuit, such as the Claims Conference, a Jewish restitution organization, and the WJC.

FactSnippet No. 1,123,684

JPMorgan Chase Bank has paid $16 billion in fines, settlements, and other litigation expenses from 2011 to 2013.

FactSnippet No. 1,123,685

Company founder Tiffany Gaines was rejected by Chase Bank Paymentech services "as processing sales for adult-oriented products is a prohibited vertical" and was told that it was a "reputational risk" to process payment for condoms.

FactSnippet No. 1,123,686

JPMorgan Chase Bank agreed to pay $5 million to compensate their male employees who did not receive the same paid parental leave as women from 2011 to 2017.

FactSnippet No. 1,123,687

Chase Bank has faced criticism and protests over its high rate of investment in various fossil fuel industries such as coal, oil, and gas.

FactSnippet No. 1,123,688