JPMorgan Chase was formed in 2000 through a merger with Chase Manhattan Bank.
J.P. Morgan and Chase Manhattan announced their merger in 2000, creating JPMorgan Chase & Co. The combined company joined J.P. Morgan’s investment-banking and corporate-finance heritage with Chase Manhattan’s extensive consumer and commercial banking operations.
The modern firm also reflects a long series of earlier mergers and acquisitions. In 2004, JPMorgan Chase merged with Bank One, bringing Jamie Dimon into the company’s leadership. During the 2008 financial crisis, it acquired Bear Stearns and Washington Mutual, expanding its investment-banking and retail-banking operations.
The name can be confusing because “JPMorgan” and “Chase” describe different historical lineages within one corporation. JPMorgan generally refers to institutional and investment banking, while Chase is the consumer and commercial banking brand in the United States.