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Bank One | |
Formerly | First Banc Group (1968–1979) Banc One Corporation (1979–1998) |
Company type | Public |
NYSE: ONE (1979–2004) | |
Industry | Banking |
Founded | 1968 |
Defunct | July 1, 2004 |
Fate | Acquired by JPMorgan Chase |
Successor | JPMorgan Chase |
Headquarters | Bank One Plaza, , United States |
Key people | |
Products | Financial services |
Website | bankone.com |
Bank One Corporation was an American bank founded in 1968 and at its peak the sixth-largest bank in the United States. It traded on the New York Stock Exchange under the stock symbol ONE. The company merged with JPMorgan Chase & Co. on July 1, 2004, with its CEO Jamie Dimon taking the lead at the combined company. The company had its headquarters in the Bank One Plaza (now the Chase Tower) in the Chicago Loop in Chicago, Illinois,[1] now the headquarters of Chase's retail banking division.
Bank One traces its roots to the merger of Illinois based First Chicago NBD, and Ohio-based First Banc Group (later Bank One), a holding company for the City National Bank in Columbus, Ohio.[2]
The bank, like an increasing number of small-town banks, went to the big city and joined a registered bank holding company, an arrangement with advantages to both sides. Such multi-bank holding companies usually involve a large metropolitan bank - in this case the City National Bank in Columbus - and a number of smaller banks in markets. The plan helps the big banks tap markets normally closed to them by restrictive state branch banking laws and gives the smaller banks needed expertise, management talent, and back-up lending ability.Alternate Link(subscription required) via ProQuest.
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