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What the company is doing

Midland Chemical Bank is a cooperative bank in Michigan. It services personal, corporate banking, property management, deposits, savings, pension, investment plans, management, loans, financial planning, and phone banking. Clients in the United States are provided by Chemical Bank assistance.

How big it is

In the early 19th century, the multi-billion-dollar Chemical Banking Corporation started working as a Chemical Producer in New York City. In addition to retaining its position as a money center bank, the company expanded steadily over its long history, later in the late 80s and the late 90s as a superregional bank with holdings in New York, New Jersey, and Texas. In 1995 Chemical joined Chase Manhattan Corporation to create the largest bank in the United States under the Chase Manhattan name.

The history of the brand

The New York Chemical Manufacturing Company, headquartered in New York, started on 24 February 1823. Melick, Spenser, and three other merchants incorporated to manufacture a range of chemicals. They successfully demanded that their charter be amended to allow the firm to pursue banking activities the following year. Thus on 24 April 1824, Melick was established as its first President as a subsidiary of the New York Chemical Manufacturing Company.

Business directions

Chemical had two operating sectors until its 1996 merger with Chase: Multinational Bank and Consumer & Relationship Banking.

The Global Bank served the bank's largest corporate clients and is an established investment banking company, known as global banking. A sales and trading division, known as global markets internationally, the Global Bank served large corporate clients. Including mergers and acquisitions, restructuring, and capital-intensive operational functions, such as exploiting loan unions, high-income funding, and other debt and equities undertakings, corporate banking & investment banking services. In this Division were also the private equity and risk capital solutions of the bank. The global economy's key focus was on sales and trade, international trade, the trade and structure of derivatives, risk management, and other market-related options. In 1995, the Chemicals Global Bank revenue between investment banking and business operation was roughly balanced

Consumer & Relationship Banking. A variety of companies, including consumer banks, commercial banking, credit cards, mortgages banking (and other financial services such as domestic equity loans, student loans), and other smaller firms have also been active in the Consumer and Relationship Banking market. Chemical remained at the forefront of the domestic and small enterprises' financial services sector in the Metropolitan Area of New York. Chemical The Division comprised a small private banking enterprise, while Chemical was not one of the market's leaders.

Key facts about the company

Chemical acquired a $10 billion Chase Manhattan Company in 1996 to create the United States of America's largest financial institution. While Chemical was the acquiring company, the combined bank has adopted Chase's name, which is known more internationally.

Mission and vision

The bank's talented and passionate workers are inspired by continually achieving expectations to better the lives of the communities they represent. The bank strives to be the leading Midwest bank that is respected for its success, outstanding service, and communities' efficiency. These are the company's mission and vision.

Typical Hours of Operation

Mo 10:00 - 16:00
Tu 10:00 - 16:00
We 10:00 - 16:00
Th 10:00 - 16:00
Fr 10:00 - 16:00
Sa 9:00 - 12:00
Su Closed

Locations: 192 locations in 26 states and 136 cities.

Categories

  • Banks

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