We’re celebrating more than 150 years in Houston
JPMorgan Chase predecessor First National Bank of Houston is founded. With $100,000 in capital, First National becomes the city's first publicly chartered bank.
JPMorgan Chase predecessor South Texas Commercial Bank, established by prominent lawyer and businessman Captain James Baker, is founded.
Union National Bank, South Texas National Bank and Commercial National Bank, predecessors of JPMorgan Chase, help finance the construction of the 50-mile-long Houston Ship Channel, one of the largest public projects in the Southwest.
Jesse Jones, president of National Bank of Commerce, commissions a skyscraper that would be “the tallest building west of the Mississippi.” Serving as a grand headquarters for the bank and the Gulf Oil Corp., the building opens in the spring of 1929. The building remains the headquarters of JPMorgan Chase in Houston.
With two local banks teetering on the brink of collapse, Jesse Jones assembles the city's leading bankers in his office for three days of meetings. No banks in Houston fail as a result of Jones' efforts.
President Hoover appoints Jesse Jones to the Reconstruction Finance Corporation's board; Jones becomes chairman in 1933.
Jesse Jones serves as Secretary of Commerce from 1940 to 1945.
National Bank of Commerce and Texas National Bank merge in 1964, creating Texas Commerce Bank, one of the largest banks in Houston.
Houston business and civic leader Ben Love becomes president of the Texas Commerce Bank. By December 1972, Love is promoted to chairman and CEO of Texas Commerce Bancshares. Ben Love was instrumental in Texas Commerce Bank's growth during the 20th century – and current employees and bank alumni still remember him fondly.
Texas Commerce Bank participates in financing the original Houston Galleria in 1970; the bank leads the financing for the Galleria II expansion in 1976.
Texas Commerce Bancshares is listed on the New York Stock Exchange.
Working with renowned developer Gerald Hines, Ben Love plays a key role in building the 75-story Texas Commerce Tower, still today the tallest building in Texas.
By 1984, Texas Commerce is one of the 25 largest banks in the United States. Among this list, TCB ranks number one in growth and return on assets.
Texas Commerce merges with Chemical New York Corporation, representing the largest U.S. bank merger in history at the time. Texas Commerce retains its name.
Ben Love retires and Marc Shapiro replaces him as the final CEO to serve Texas Commerce.
Texas Commerce buys First City Bancorporation, which traced its lineage back to the First National Bank of Houston.
Chemical Banking Corp. merges with The Chase Manhattan Corp.
Texas Commerce becomes known as Chase Bank of Texas.
Chase Manhattan Corp. merges with J.P. Morgan & Co., creating JPMorgan Chase & Co.
Bank One merges with JPMorgan Chase & Co.
JPMorgan Chase is one of Houston's largest employers with about 7,000 employees working in the city. The firm serves more than 1 million local customers, as well as many of the top corporations and leading institutions across the city. The firm has pledged $5 million for local workforce training, investing in people so Houston can keep building toward a brighter future.