Bank
One Corporation - (en)
Bank One Corporation, based in Chicago, Illinois, was the sixth-largest
bank in the United States. It traded on the New York Stock Exchange under
the stock symbol ONE. The company was acquired by JPMorgan Chase & Co.
on July 1, 2004.
The bank traces its roots to First Bancgroup of Ohio, founded as a holding
company for City National Bank of Columbus, Ohio and several other banks
in that state, all of which were renamed "Bank One" when the
holding company was renamed Banc One Corporation. With the beginning of
interstate banking they spread into other states, always renaming acquired
banks "Bank One", though for a long time they resisted combining
them into one bank. In 1998, Banc One Corporation merged with
Chicago-based First Chicago NBD Corporation to form Bank One Corporation,
and headquarters moved from Columbus to Chicago. Adverse financial results
led to the departure of CEO John B. McCoy, whose father and grandfather
had headed Banc One and predecessors. Jamie Dimon, a former key executive
of Citigroup, was brought in to head the company.
Bank One, through its First USA subsidiary, was the world's largest issuer
of the Visa card. First USA was renamed Bank One Card Services in late
2002.
Bank One was created when Banc One of Ohio merged with First Chicago NBD.
These two large banking companies had themselves been created through the
merger of many banks. Some of the banks that were merged into these banks
include:
Banc One
Affiliated Bankshares of Colorado (founded 1874)
American Fletcher Corp. (Indianapolis) (founded 1839)
City National Bank and Trust Co. (Columbus, Ohio) (founded 1866; merged
1929)
Commercial National Bank (Columbus, Ohio)
City National Bank of Commerce (Columbus, Ohio)
Barnitz Bank (founded 1850)
Firestone Bank (founded 1918)
First Citizens Bank (Oxford, Ohio) (founded 1906; merged 1973)
First National Bank of Commerce (Founded 1971; merged with Bank One 1998)
National Bank of Commerce (Formed with assets of CCTSB, 1933; Renamed
First National Bank of Commerce, 1971)
Canal Commercial Trust and Savings Bank (merger of Canal and Citizens,
1924; Controlled by Chase Bank 1931; failed 1933; assets used to form
National Bank of Commerce, 1933)
Canal Bank (founded 1831)
Citizens Bank (founded 1833)
City National Bank of Baton Rouge
Rapides Bank & Trust
First National Bank of Lafayette
First National Bank of Lake Charles
Central Bank
Pelican Bank
Bank of New Orleans (Merged with FNBC, 1982)
Ponchatrain State Bank (Failed 1991, Assumed by FNBC)
First Huntington National Bank (founded 1872)
First USA (founded 1985)
Liberty Bancorp of Oklahoma (founded 1895)
Liberty National Bancorp (founded 1854)
Marine Corp. (founded 1839)
Marine Corp. of Springfield (founded 1851)
Mcorp Bank (founded 1918)
Premier Bancorp of Oklahoma (founded 1882)
Premier Bank of Louisiana
Team Bank (founded 1873)
Union Savings and Trust Co. (founded 1812)
Valley Bank and Trust Co. (founded 1948)
Valley National Corp. (founded 1899)
Winters National Corp. (Dayton, Ohio) (founded 1815)
First Chicago NBD
First National Bank of Chicago (founded 1863)
National Bank of Detroit (founded 1933)
Genesee Merchants Bank and Trust Co. (founded 1872)
American National Bank (founded 1928)
First National Bank of Plymouth (founded 1871)
Gainer Corp. (founded 1885)
Gary-Wheaton Bank (founded 1874)
INB Financial Corp. (founded 1883)
Lake Shore Bancorp (founded 1943)
Metropolitan National Bank (founded 1884)
Midwest Commerce Corp. (founded 1872)
Peoples State Bank of Belleville (founded 1913)
Ravenswood Financial Corp. (founded 1933)
Roscommon State Bank (founded 1907)
Union Bancorp (founded 1916)
Wayne State Bank (founded 1854)
West Michigan Financial Corp. (founded 1895)
Winnetka State Bank (founded 1894)
Wolverine State Bank (founded 1887)
