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Broadway Bank of
Brooklyn in 1912 and then two years later in 1914 with the Manufacturers National Bank of Brooklyn. In 1915, the bank adopted the older "Manufacturers" name, changing its name to the Manufacturers Trust Company. The "Manufacturers" name had been in use since 1858, when the Mechanics' Bank of Williamsburgh (founded 1853) was renamed the Manufacturers National Bank. Coincidentally, Manufacturers Trust Company had also been the name of a
1953:
45:
203:
1929:
361:
1142:"$ 722,000,000 MERGER OF BANKS EXPECTED; Central Union Trust Co. and Hanover National Reported in Negotiations. DAVISON DENIES ANY DEAL But Says He is No Prophet-- Wall St. Hears Terms Are 3 for 1 Exchange of Stock. SHARES SOARED RECENTLY Securities of Both Old Powers in Street Have Appreciated Greatly Since Stock Dividends. Remarkable Rise in Hanover Stock. Central Long a Wall Street Power"
894:"$ 722,000,000 MERGER OF BANKS EXPECTED; Central Union Trust Co. and Hanover National Reported in Negotiations. DAVISON DENIES ANY DEAL But Says He is No Prophet-- Wall St. Hears Terms Are 3 for 1 Exchange of Stock. SHARES SOARED RECENTLY Securities of Both Old Powers in Street Have Appreciated Greatly Since Stock Dividends. Remarkable Rise in Hanover Stock. Central Long a Wall Street Power"
1941:
658:
277:
Manufacturers Trust acquired a
Manhattan presence with its acquisition of the West Side Bank of New York in 1918. Later Manufacturers Trust acquired the Ridgewood National Bank of Queens (1921), the North Side Bank of Brooklyn (1922), the Industrial Bank of New York (1922), the Columbia Bank of New
453:
The timeline below, unless otherwise noted, indicates the purchase of the named entity by
Manufacturers Hanover Corporation or its immediate controlling predecessors. Exceptions include the first and last entries (original charter and dissolution of the company by buyout, respectively), and several
269:
Manufacturers
Hanover traces its origins to the 1905 founding of Citizens Trust Company of Brooklyn. Through a series of acquisitions, the bank would grow into one of New York's largest banks within its first twenty years. Citizens Trust's first major acquisitions came with its mergers with the
372:
merged with
Central Hanover Bank & Trust Company (Hanover Trust) creating Manufacturers Hanover Trust Company. The bank became the main source of financing for check cashing stores. The bank reached its commercial heyday in the mid-1970s, when it ran a series of commercials that used the
410:
In 1987, the bank bought some of the branches of Dollar Dry Dock
Savings Bank. In 1992, it bought the New York City branches of the failed Goldome. By 1992, it was running out of money due to savings account interest rates and bad loans. On June 22 of that year, Chemical Bank purchased the
588:
The final name of the company was
Manufacturers Hanover Corporation, and the primary banking subsidiary was Manufacturers Hanover Trust. This name was a result of the merger of predecessor Manufacturers Trust with Central Hanover Bank & Trust.
1199:"MERGER CLEARED FOR 2 BIG BANKS; Reserve Board Approves Hanover Consolidation With Manufacturers COURT ACTION POSSIBLE Resulting Institution Would Be the Fourth Largest in U.S. and World MERGER CLEARED FOR 2-BIG BANKS"
1170:"HANOVER BANK JOINS WITH CENTRAL UNION; Stockholders of Both Vote to Unite in New Company With $ 100,000,000 Funds. CORN EXCHANGE RENAMED Meeting Approves Change Into Trust Company--Parkbanc Corporation Endorsed"
1030:"APPROVE MERGER OF TRUST COMPANIES; Trustees of Central and Union Give Sanction to Plan for Consolidation. STOCKHOLDERS MUST ACT Combined Deposits, Around $ 250,000,000, Exceeded by Only TwoCompanies the Country"
2034:
592:
Central
Hanover was also a large, well-known bank before the merger. It was formed in 1929 from the merger of two other banking giants of the time, Central Union Trust Company and Hanover National Bank.
289:, which the Manufacturers Trust also held the mortgage for. By the time of Hitz's death in 1940, the NHM had become the largest hotel organization in the United States and managed the New Yorker,
721:
407:. Also during that period, Manufacturers Hanover heavily promoted its "Any Car" Loan using an "Any Car", known as the "FordChevAmChrysWagon", made up of parts from 40 different cars.
2024:
2039:
281:
In 1932, Manufacturers Trust created the
National Hotel Management Company (NMH) to centrally oversee the hotels the bank held mortgages on. They appointed hotel pioneer
2044:
1989:
1999:
1979:
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Hanover
National built one of the early skyscrapers of New York, the Hanover National Building at 11 Nassau Street. It had twenty-two floors and was 385 feet high.
528:
2004:
627:
2019:
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served as celebrity spokesmen. At the same time, a Manufacturers Hanover billboard advertising "Super Checking" was a prominent feature of the newly renovated
561:
1961 – Central Hanover Bank & Trust Company, results in name change to Manufacturers Hanover Trust Company (parent named Manufacturers Hanover Corporation)
1984:
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bank formed through a merger in 1961. After 1969, Manufacturers Hanover Trust became a subsidiary of Manufacturers Hanover Corporation.
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as President of the NMH. This was because, even at the height of the Great Depression, Hitz had been able to turn a profit at the
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The 1986–1991 logo was in use until its merger with Chemical Bank; Chemical continued its usage until its merger with Chase.
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1002:"HANOVER ABSORBS GALLATIN NATIONAL; Both Banks Grew with Financial District and Hanover Became One of Country's Largest"
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York (1923), and the Yorkville Bank of New York (1925), to become the 29th largest bank in the United States by 1925.
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274:-based bank, founded in 1896 and acquired in 1902 by the Title Guarantee and Trust Company, another Brooklyn bank.
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1914 – Manufacturers National Bank of Brooklyn, resulting in name change to Manufacturers-Citizens Trust Company
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operations of Manufacturers Hanover Trust Company, and on that day, Manufacturers Hanover ceased to exist.
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Merging the Portfolios; New Chemical Bank to Have Big Amount of Real Estate Loans, and Their Troubles
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1929 – Hanover Bank of the City of New York; changed name to Central Hanover Bank and Trust Company
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1905 – Citizens Trust Company of Brooklyn (original New York State charter, no direct predecessors)
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1918 – Union Trust Company of New York; changed name to Central Union Trust Company of New York
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The National Hotel Management Company was dissolved within a month of Hitz's death in 1940.
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http://wps.prenhall.com/chet_kotler_marketing_5/114/29189/7472573.cw/content/index.html
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1086:"GREENWICH BANK CHANGES.; Becomes a National Bank Today in Step Toward Hanover Merger"
1058:"BANK MERGER APPROVED.; Stockholders of Central and Union Trust Companies Take Action"
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The corporate history of predecessor Central Union Trust Company is as follows:
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1865 – Name change to Hanover National Bank of the City of New York (Federal)
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Prior to acquisition, the bank was sometimes referred to as "Manny Hanny."
225:
that was formed as parent of Manufacturers Hanover Trust Company, a large
271:
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1915 – Name change to Manufacturers Trust Company (no merger involved)
30:"Manufacturers National Bank" redirects here. Not to be confused with
974:"NATIONAL BANKS MERGED.HANOVER ABSORBS ITS NEIGHBOR, THE CONTINENTAL"
414:
Following the merger with Chemical, in 1996, the new Chemical bought
314:
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791:
The Baltimore Sun (Baltimore, Maryland) · Wed, Jan 31, 1940 · Page 5
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1929 – Bought by Central Union Trust Company of New York (see below)
636:
1927 – Greenwich National Bank of the City of New York (est. 1830)
436:
359:
201:
1258:
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The corporate history of predecessor Hanover Bank is as follows:
1230:
The Bank Merger; Big Bank Merger to join Chemical, Manufacturers
609:
1929 – Name change to Hanover Bank of the City of New York (NYS)
214:
that formerly led to a branch of the Manufacturers Trust Company
1262:
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256:
continued to locate their headquarters in that building.
252:
1.9 billion in 1991, the successor corporations down to
2035:
Companies formerly listed on the New York Stock Exchange
623:
1901 – Continental National Bank of New York (est. 1853)
693:"Charles Stewart Dies; An Ex-Bank Executive (obituary)"
533:
1937 – Equitable Trust Company of New York (1930–1937)
505:
1928 – United Capitol National Bank and Trust Company
620:
1873 – Established Central Trust Company of New York
373:tagline, "It's banking the way you want it to be."
166:
and assumed the name Chemical after the 1991 merger.
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496:1925 – Fifth National Bank of the City of New York
441:Former Manufacturers Hanover corporate offices at
529:Chatham Phenix National Bank & Trust Company
233:was the company's first president and chairman.
950:"New York Bank History – National Bank History"
849:"New York Bank History – National Bank History"
642:1951 – Changed name to Hanover Bank (no merger)
824:"POSTINGS: Manny Hanny's Move; 5th to Madison"
628:Gallatin National Bank of the City of New York
549:1947 – Fidelity National Bank in New York, The
1274:
543:1942 – Standard National Bank, Woodside, N.Y.
8:
645:1961 – Bought by Manufacturers Trust Company
603:1851 – Established Hanover Bank, NYS charter
37:
2025:1992 disestablishments in New York (state)
1890:Indiana Michigan Power Center (Fort Wayne)
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36:
2040:American companies disestablished in 1992
668:List of bank mergers in the United States
546:1946 – Flatbush National Bank of Brooklyn
293:and the Belmont Plaza hotels (New York);
18:Manufacturer's Hanover Trust Company
2045:Holding companies disestablished in 1992
1990:Defunct companies based in New York City
584:Central Hanover Bank & Trust Company
397:1976 American League Championship Series
1895:JPMorgan Chase Building (San Francisco)
1197:Mooney, Richard E. (7 September 1961).
779:Pearson Education; Hospitality Leaders
684:
2000:American companies established in 1905
1980:Holding companies of the United States
874:"Hanover Deal For Deposits Of Goldome"
552:1949 – National Bronx Bank of New York
418:and four years later would merge with
2005:Holding companies established in 1905
1719:National Bank of Commerce in New York
508:1929 – State Bank & Trust Company
7:
2020:1905 establishments in New York City
1940:
1810:270 Park Avenue (2021–present)
1604:Banca Commerciale Italiana Trust Co.
872:Quint, Michael (November 29, 1990).
843:
841:
839:
822:Waite, Thomas L. (August 28, 1988).
538:Banca Commerciale Italiana Trust Co.
433:Timeline of mergers and name changes
236:The corporation acquired the former
356:Continued consolidation (1961–1992)
62:Manufacturers Hanover Trust Company
1985:Defunct banks of the United States
1709:Mechanics and Metals National Bank
752:"Another merger of New York Banks"
484:1922 – Industrial Bank of New York
481:1922 – North Side Bank of Brooklyn
25:
1855:Chase Tower (Englewood, Colorado)
1805:270 Park Avenue (1960–2021)
803:"Manufacturers Hanover Fades Out"
391:. The billboard could be seen as
219:Manufacturers Hanover Corporation
38:Manufacturers Hanover Corporation
1951:
1939:
1928:
1927:
1664:Fourth National Bank of New York
1348:
926:"Hanover National Bank Building"
801:Quint, Michael (June 22, 1992).
656:
466:1912 – Broadway Bank of Brooklyn
43:
1769:Valley National Bank of Arizona
518:1931 – Midtown Bank of New York
337:Restaurants (New York) and the
1900:JPMorgan Chase Tower (Houston)
478:1921 – Ridgewood National Bank
395:hit the home run that won the
1:
1649:Dime Savings Bank of New York
1330:Highbridge Capital Management
555:1950 – Brooklyn Trust Company
2015:Banks disestablished in 1992
1995:Banks based in New York City
1639:Continental Bank & Trust
524:1931 – Midwood Trust Company
515:1930 – Pacific Trust Company
445:, later the headquarters of
246:Chemical Banking Corporation
240:Corporation headquarters at
110:; 119 years ago
32:Manufacturer's National Bank
1870:Chase Tower (Oklahoma City)
493:1925 – Gotham National Bank
370:Manufacturers Trust Company
265:Manufacturers Trust Company
124:; 37 years ago
27:Former bank holding company
2061:
1860:Chase Tower (Indianapolis)
1323:Chase Card Services Canada
982:. 4 April 1901. p. 12
335:New York Municipal Airport
133:(as Manufacturers Hanover)
29:
2010:Banks established in 1905
1923:
1910:One Chase Manhattan Plaza
1596:American Savings and Loan
1346:
558:1953 – Peoples Industrial
42:
1764:Trust Company of America
1714:National Bank of Detroit
499:1927 – Commonwealth Bank
206:A bronze doorway in the
1880:Chase Tower (Rochester)
1865:Chase Tower (Milwaukee)
1744:Robert Fleming & Co
1442:William B. Harrison Jr.
564:1991 – Goldome (assets)
521:1931 – Bryant Park Bank
244:. After it merged into
1835:Chase Tower (Amarillo)
1729:New York Trust Company
722:"Trust Concerns Unite"
450:
365:
215:
146:; 32 years ago
1875:Chase Tower (Phoenix)
1850:Chase Tower (El Paso)
1840:Chase Tower (Chicago)
1759:The Manhattan Company
1749:State Bank of Chicago
1704:Manufacturers Hanover
1679:HF Ahmanson & Co.
1674:Hambrecht & Quist
1457:Douglas A. Warner III
1422:Junius Spencer Morgan
930:The Skyscraper Center
571:, and ceases to exist
490:1925 – Yorkville Bank
475:1918 – West Side Bank
440:
420:J.P. Morgan & Co.
363:
205:
1845:Chase Tower (Dallas)
1629:Chase Manhattan Bank
1614:Bank United of Texas
1432:Henry Sturgis Morgan
1412:John Pierpont Morgan
1380:Mary Callahan Erdoes
1326:EMC Mortgage Company
761:. 20 February 1925.
663:Companies portal
567:1992 – Purchased by
502:1927 – Standard Bank
487:1923 – Columbia Bank
416:Chase Manhattan Bank
303:the Netherland Plaza
223:bank holding company
96:Bank holding company
1754:Texas Commerce Bank
1600:Anchor Savings Bank
1487:Dennis Weatherstone
1340:One Equity Partners
1250:Merger Announcement
954:www.scripophily.com
853:www.scripophily.com
731:. 1 November 1902.
39:
1915:The Qube (Detroit)
1820:383 Madison Avenue
1724:National Park Bank
1694:JP Morgan & Co
1669:Great Western Bank
1644:Corn Exchange Bank
1568:Phebe N. Novakovic
1335:JP Morgan & Co
1204:The New York Times
1175:The New York Times
1147:The New York Times
1119:The New York Times
1091:The New York Times
1063:The New York Times
1035:The New York Times
1007:The New York Times
979:The Standard Union
898:The New York Times
829:The New York Times
758:The New York Times
728:The New York Times
698:The New York Times
451:
449:and now demolished
405:Kansas City Royals
366:
364:The 1960–1986 Logo
313:); the Van Cleve (
295:the Congress Hotel
231:Charles J. Stewart
216:
195:Financial services
144:June 22, 1992
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1966:
1774:Washington Mutual
1591:American Fletcher
1513:
1512:
1452:Walter V. Shipley
1437:David Rockefeller
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339:Eastern Slope Inn
319:the Book-Cadillac
212:midtown Manhattan
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1684:Indiana National
1573:Virginia Rometty
1497:Winthrop Aldrich
1482:Thomas W. Lamont
1477:James B. Lee Jr.
1417:J. P. Morgan Jr.
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1038:. 2 March 1918
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900:. 1929-03-16.
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424:JPMorgan Chase
389:Yankee Stadium
357:
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327:Nicollet Hotel
307:Adolphus Hotel
305:(Cincinnati);
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1178:. 15 May 1929
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569:Chemical Bank
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238:Union Carbide
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185:New York City
183:
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175:Chemical Bank
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164:Chemical Bank
161:
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121:
119:(as Citizens)
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61:
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46:
41:
33:
19:
1956:
1944:
1932:
1905:McCoy Center
1885:Chater House
1825:Chase Center
1619:Bear Stearns
1564:Michael Neal
1505:Steven Black
1255:
1223:Bibliography
1222:
1221:
1208:. Retrieved
1202:
1192:
1180:. Retrieved
1173:
1164:
1152:. Retrieved
1145:
1136:
1124:. Retrieved
1117:
1108:
1096:. Retrieved
1089:
1080:
1068:. Retrieved
1061:
1052:
1040:. Retrieved
1033:
1024:
1012:. Retrieved
1005:
996:
984:. Retrieved
977:
968:
957:. Retrieved
953:
944:
933:. Retrieved
929:
920:
909:. Retrieved
897:
888:
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867:
856:. Retrieved
852:
827:
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787:
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745:
726:
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696:
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343:North Conway
280:
276:
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235:
218:
217:
181:Headquarters
162:Acquired by
67:Company type
1958:Wikiversity
1830:Chase Field
1734:Ord Minnett
1582:Historical
1547:Jamie Dimon
1542:James Crown
1532:Steve Burke
1396:Jing Ulrich
1374:Jamie Dimon
1304:Beacon Rail
630:(est. 1829)
540:of New York
381:Rod Serling
331:Minneapolis
1974:Categories
1584:components
1537:Todd Combs
1467:Jes Staley
1360:executives
1309:Chase Bank
1210:1 November
1182:1 November
1154:1 November
1126:1 November
1098:1 November
1070:1 November
1042:1 November
1014:29 October
986:1 November
959:2018-05-02
935:2018-05-01
911:2018-05-01
858:2018-05-02
674:References
385:Paul Lynde
283:Ralph Hitz
151:1992-06-22
87:: MHC
57:Trade name
1783:Buildings
1739:Providian
1659:First USA
1521:directors
1519:Board of
1297:Divisions
906:0362-4331
767:103575591
403:over the
368:In 1961,
171:Successor
79:Traded as
34:in Maine.
1934:Category
1609:Bank One
1358:Notable
1314:Chase UK
763:ProQuest
737:96236735
733:ProQuest
650:See also
422:to form
399:for the
272:Brooklyn
191:Products
92:Industry
1946:Commons
1367:current
705:20 June
626:1912 –
536:1939 –
527:1932 –
379:writer
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325:); the
323:Detroit
299:Chicago
260:History
149: (
141:Defunct
127: (
113: (
102:Founded
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315:Dayton
311:Dallas
71:Public
1376:(CEO)
679:Notes
1212:2021
1184:2021
1156:2021
1128:2021
1100:2021
1072:2021
1044:2021
1016:2021
988:2021
902:ISSN
707:2008
250:US$
248:for
159:Fate
129:1987
122:1987
115:1905
108:1905
85:NYSE
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