264:, acquired American National Corporation from the Walter E. Heller International Corporation for around $ 275 million. The bank had a successful year in 1984, serving "middle market" companies that were small and medium in size. That year, its earnings jumped 32 percent, and it had record earnings of $ 34.1 million that year. In early 1985, the American National Bank and Trust Company of Chicago remained the fifth-largest bank in Chicago. It had $ 3.8 billion in assets, with around 1,200 customers. Keene H. Addington served as president. On July 1, 1990, Ronald J. Grayheck became CEO of both the American National Bank and Trust Company of Chicago and the American National Corporation upon the retirement of Chairman and CEO Michael E. Tobin who assumed those positions in 1978 upon the retirement of Allen P. Stults. As of April 1995, American National Corporation remained a wholly owned subsidiary of First Chicago Corporation.
239:
occurred in the history of
Federal bank supervision.” As the fifth largest bank in Chicago at the time, American National had assets of $ 1.3 billion, while as the twelfth largest finance company in the United States, Walter Heller had assets of $ 1 billion. Under decision, Heller International became a bank holding company, with orders to divest itself of its manufacturing subsidiaries within two years. Two days after the Walter E. Heller International Corporation purchased of Chicago's American National Bank, on August 3, 1973 it was reported that Heller was undergoing management changes, with some officers in American National also taking positions in the holding company, "including Allen P. Stults, 60, who was named president, and William G. Ericsson, 46, executive vice president." At American National, Stults remained chairman and chief executive, and Ericsson remained president.
33:
955:
1558:
288:
1534:
1546:
206:," with Kirkland announcing the purchase in New York. S. J. T. Straus was expected to resign shortly afterwards as president, with Melvin L. Straus continuing as executive vice president and continuing to hold investments in the bank. As of March 1934, Melvin L. Straus remained executive vice president.
238:
approved the Walter E. Heller
International Corporation's acquisition of the American National Bank and Trust Company of Chicago. While the majority found it would not destroy competition, the dissenters argued that the deal authorized "the largest combinations of financial resources that has ever
169:
State bank. The new bank had an initial capitalization of $ 1,000,000, a surplus of $ 250,000 and a special reserve of $ 50,000. Simon W. Straus of
Chicago was president, S. J. T. Straus was executive VP, John H. Kraft was VP and cashier, and J. H. Frazier was VP and trust officer. Of the former
479:
The Walter E. Heller
International Corporation said yesterday that it had signed a letter of intent to sell its American National Corporation, owner of the American National Bank and Trust Company, to the First Chicago Corporation, owner of the First National Bank of Chicago, for $ 275
164:
The Straus
National Bank and Trust Company of Chicago was incorporated on June 27, 1928. The bank was authorized to carry on a general commercial, savings bank, and trust business, taking over all the business of the Straus Trust Company, which had been founded in 1924 as an
251:
reported that "restrictive legislation governing interstate and intrastate branch banking has forestalled Heller's efforts to make its ownership of the
American National Bank and Trust Company in Chicago a truly integrated part of its organization."
246:
reported that "some analysts see the bank as a drag on Heller's performance." At the time, Illinois was a single-unit banking state that did not allow branch banking, interstate branching, and had constraints on export trade. In 1981, the
190:
On
January 3, 1933, the bank changed its name from the Straus National Bank and Trust Company to the American National Bank and Trust Company. Vice president M. L. Straus announced the change. It was later acquired by the
195:, when that bank "took over some collateral securing loans made to individuals formerly identified with the management of the bank." As of March 1933, it had deposits of $ 10,542,000 and was a member of the
225:
By the 1970s, the
American National Bank and Trust Company of Chicago was the primary subsidiary of the holding company American National Corporation. After an earlier proposal, on August 14, 1972, the
182:
were retained by the new company. At the close of business on
November 21, 1929, the Straus National Bank and Trust Company had reported deposits of $ 17,952,297, and undivided profits of $ 573,778.
213:, announced that Leigh R. Gignilliat Jr. had been appointed senior vice president. Gigniliat had been a VP of the commercial division since 1941, and was a director at companies such as the
17:
143:
acquired the
American National Bank and Trust Company of Chicago. As the fifth largest bank in Chicago at the time, American National had assets of $ 1.3 billion. In 1984
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On June 16, 1933, control of the American National Bank and Trust Company of Chicago was bought by a "syndicate of local business men headed by
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838:
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750:
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Compared with 1979, in 1980 the earnings of American National Bank and Trust rose 13.7 percent, to $ 22.5 million. However, the
1584:
1373:
1195:
808:
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1253:
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566:"Chicago Bank Sold By Institution Here; American National and Trust Acquired by Illinois Group From Manufacturers Trust"
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announced that it had increased an offer to acquire the American National Corporation for $ 48 a
209:
On September 18, 1962, the president of the American National Bank and Trust Company of Chicago,
43:
954:
1514:
1378:
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1056:
1041:
939:
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128:
73:
1177:
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1021:
923:
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807:
719:
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135:. In 1933 the bank changed its name from the Straus National Bank and Trust Company to the
1419:
1399:
1394:
1303:
1293:
784:
755:
171:
103:
1404:
1263:
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894:
503:"S.W. Straus To Head Bank; Straus National Bank and Trust Company Chartered in Chicago"
1562:
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913:
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1343:
166:
721:"Company News; U.S. Banking Unit Viewed as Problem for Heller Corp"
863:
867:
839:"American National Corp. reports earnings for Qtr to Mar 31"
260:
In May 1984, the largest bank holding company in Chicago,
151:, the bank's holding company, for around $ 275 million.
686:"People and Business - Top Officers Shifted at Heller"
18:
Straus National Bank and Trust Company (New York City)
657:"Heller Factoring Concern Improves Offer for a Bank"
117:
General commercial, savings bank, and trust business
1387:
1186:
1122:
1009:
971:
962:
901:
468:"Heller to Sell American National to First Chicago"
234:. In a 4 to 2 split decision, on May 11, 1973, the
113:
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91:
83:
57:
49:
39:
684:
655:
624:
594:
564:
531:
501:
391:
358:
325:
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809:"Business People; Chief for American National"
780:"First National's turnaround enters new phase"
751:"Illinois has own financial version of 'Jaws'"
496:
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879:
714:
712:
710:
427:
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423:
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353:
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8:
386:
384:
25:
559:
557:
1495:Indiana Michigan Power Center (Fort Wayne)
968:
886:
872:
864:
228:Walter E. Heller International Corporation
141:Walter E. Heller International Corporation
31:
24:
320:
318:
316:
314:
312:
310:
274:List of bank mergers in the United States
170:Straus Trust Company, the offices of the
137:American National Bank and Trust Company
95:American National Bank and Trust Company
1500:JPMorgan Chase Building (San Francisco)
654:Alexander R. Hammer (August 15, 1972).
306:
193:Manufacturers Trust Company of New York
749:Gruber, William (September 18, 1983).
432:Steven Greenhouse (January 22, 1985).
256:1984-1990s: Ownership by First Chicago
125:Straus National Bank and Trust Company
26:Straus National Bank and Trust Company
1324:National Bank of Commerce in New York
221:1972–1983: Walter E. Heller ownership
127:was a financial institution based in
7:
1545:
1415:270 Park Avenue (2021–present)
1209:Banca Commerciale Italiana Trust Co.
131:. It was founded in 1928 out of the
1600:Defunct companies based in Illinois
465:Cole, Robert J. (August 10, 1983).
1595:Defunct banks of the United States
1314:Mechanics and Metals National Bank
778:Gruber, William (March 18, 1984).
14:
1460:Chase Tower (Englewood, Colorado)
1410:270 Park Avenue (1960–2021)
533:"Straus Bank's First Anniversary"
1556:
1544:
1533:
1532:
1269:Fourth National Bank of New York
953:
286:
1374:Valley National Bank of Arizona
393:"Heller Merger Approved by Fed"
186:1930–1971: As American National
160:1928–1929: Founding of the bank
1505:JPMorgan Chase Tower (Houston)
626:"Bank Promotes Vice President"
1:
1254:Dime Savings Bank of New York
935:Highbridge Capital Management
435:"Niche for American National"
327:"Straus Bank Is Incorporated"
149:American National Corporation
1244:Continental Bank & Trust
279:Banking in the United States
1475:Chase Tower (Oklahoma City)
215:Martin Marietta Corporation
1621:
1465:Chase Tower (Indianapolis)
928:Chase Card Services Canada
360:"Straus Bank Changes Name"
15:
1590:Banks established in 1928
1528:
1515:One Chase Manhattan Plaza
1201:American Savings and Loan
951:
262:First Chicago Corporation
145:First Chicago Corporation
30:
1369:Trust Company of America
1319:National Bank of Detroit
596:"Bank Approves RFC Plan"
16:Not to be confused with
1485:Chase Tower (Rochester)
1470:Chase Tower (Milwaukee)
1349:Robert Fleming & Co
1047:William B. Harrison Jr.
1585:Banks based in Chicago
1440:Chase Tower (Amarillo)
1334:New York Trust Company
197:Federal Reserve System
63:; 96 years ago
1480:Chase Tower (Phoenix)
1455:Chase Tower (El Paso)
1445:Chase Tower (Chicago)
1364:The Manhattan Company
1354:State Bank of Chicago
1309:Manufacturers Hanover
1284:HF Ahmanson & Co.
1279:Hambrecht & Quist
1062:Douglas A. Warner III
1027:Junius Spencer Morgan
236:Federal Reserve Board
1450:Chase Tower (Dallas)
1234:Chase Manhattan Bank
1219:Bank United of Texas
1037:Henry Sturgis Morgan
1017:John Pierpont Morgan
985:Mary Callahan Erdoes
931:EMC Mortgage Company
635:. September 19, 1962
133:Straus Trust Company
53:Straus Trust Company
1359:Texas Commerce Bank
1205:Anchor Savings Bank
1092:Dennis Weatherstone
945:One Equity Partners
730:. February 19, 1981
542:. November 22, 1929
27:
1520:The Qube (Detroit)
1425:383 Madison Avenue
1329:National Park Bank
1299:JP Morgan & Co
1274:Great Western Bank
1249:Corn Exchange Bank
1173:Phebe N. Novakovic
940:JP Morgan & Co
845:The New York Times
815:The New York Times
788:. pp. N1–N2.
759:. pp. F1–F2.
727:The New York Times
692:The New York Times
663:The New York Times
632:The New York Times
602:The New York Times
572:The New York Times
539:The New York Times
509:The New York Times
474:The New York Times
441:The New York Times
399:The New York Times
366:The New York Times
333:The New York Times
61:June 28, 1928
1572:
1571:
1379:Washington Mutual
1196:American Fletcher
1118:
1117:
1057:Walter V. Shipley
1042:David Rockefeller
369:. January 3, 1933
204:Weymouth Kirkland
176:Jackson Boulevard
129:Chicago, Illinois
121:
120:
108:Chicago, Illinois
74:Chicago, Illinois
1612:
1560:
1548:
1547:
1536:
1535:
1289:Indiana National
1178:Virginia Rometty
1102:Winthrop Aldrich
1087:Thomas W. Lamont
1082:James B. Lee Jr.
1022:J. P. Morgan Jr.
969:
957:
924:Chase Paymentech
888:
881:
874:
865:
858:
857:
855:
853:
848:. April 27, 1995
841:
834:
828:
827:
825:
823:
811:
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775:
769:
768:
746:
740:
739:
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735:
723:
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705:
704:
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695:. August 3, 1973
688:
681:
675:
674:
672:
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659:
651:
645:
644:
642:
640:
628:
621:
615:
614:
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610:
605:. March 19, 1934
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329:
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211:Robert E. Straus
71:
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64:
35:
28:
1620:
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1611:
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1575:
1574:
1573:
1568:
1524:
1420:277 Park Avenue
1400:245 Park Avenue
1395:125 London Wall
1383:
1304:Lincoln Savings
1294:Jardine Fleming
1188:
1182:
1125:
1114:
1005:
992:Gordon A. Smith
989:Daniel E. Pinto
964:
958:
949:
897:
892:
862:
861:
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849:
836:
835:
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785:Chicago Tribune
777:
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756:Chicago Tribune
748:
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588:
578:
576:
575:. June 16, 1933
563:
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530:
529:
525:
515:
513:
512:. June 22, 1928
500:
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431:
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415:
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390:
389:
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339:
337:
336:. June 28, 1928
324:
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308:
303:
292:
287:
285:
270:
258:
223:
188:
180:Michigan Avenue
172:Straus Building
162:
157:
139:. In 1973, the
109:
104:Straus Building
67:
65:
62:
21:
12:
11:
5:
1618:
1616:
1608:
1607:
1605:JPMorgan Chase
1602:
1597:
1592:
1587:
1577:
1576:
1570:
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1567:
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1554:
1542:
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1407:
1405:25 Bank Street
1402:
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1206:
1203:
1198:
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1190:
1184:
1183:
1181:
1180:
1175:
1170:
1167:
1165:Mellody Hobson
1162:
1157:
1154:
1149:
1144:
1139:
1134:
1130:
1128:
1120:
1119:
1116:
1115:
1113:
1112:
1107:
1104:
1099:
1097:John J. McCloy
1094:
1089:
1084:
1079:
1077:Blythe Masters
1074:
1069:
1067:Temple Bowdoin
1064:
1059:
1054:
1049:
1044:
1039:
1034:
1032:George Peabody
1029:
1024:
1019:
1013:
1011:
1007:
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987:
982:
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942:
937:
932:
929:
926:
921:
916:
911:
905:
903:
899:
898:
895:JPMorgan Chase
893:
891:
890:
883:
876:
868:
860:
859:
829:
818:. May 29, 1990
799:
770:
741:
706:
676:
646:
616:
586:
553:
523:
484:
454:
413:
402:. May 12, 1973
380:
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302:
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297:
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281:
276:
269:
266:
257:
254:
249:New York Times
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1259:First Chicago
1257:
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1247:
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1242:
1240:
1239:Chemical Bank
1237:
1235:
1232:
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1229:CenTrust Bank
1227:
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1215:
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1199:
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1160:Laban Jackson
1158:
1156:Timothy Flynn
1155:
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1145:
1143:
1140:
1138:
1135:
1133:Linda Bammann
1132:
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1111:
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1106:Matthew Zames
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1055:
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1052:John B. McCoy
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1028:
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1023:
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996:Marianne Lake
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1510:McCoy Center
1490:Chater House
1430:Chase Center
1224:Bear Stearns
1169:Michael Neal
1110:Steven Black
852:November 23,
850:. Retrieved
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822:November 23,
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100:Headquarters
87:Simon Straus
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1563:Wikiversity
1435:Chase Field
1339:Ord Minnett
1187:Historical
1152:Jamie Dimon
1147:James Crown
1137:Steve Burke
1001:Jing Ulrich
979:Jamie Dimon
909:Beacon Rail
546:November 4,
516:November 4,
373:November 4,
340:November 4,
50:Predecessor
1579:Categories
1189:components
1142:Todd Combs
1072:Jes Staley
965:executives
914:Chase Bank
301:References
68:1928-06-28
1388:Buildings
1344:Providian
1264:First USA
1126:directors
1124:Board of
902:Divisions
794:170643451
765:176023613
147:acquired
92:Successor
44:Financial
1539:Category
1214:Bank One
963:Notable
919:Chase UK
790:ProQuest
761:ProQuest
480:million.
268:See also
167:Illinois
114:Services
40:Industry
1551:Commons
972:current
155:History
84:Founder
66: (
58:Founded
1010:former
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981:(CEO)
244:Times
854:2017
824:2017
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178:and
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