Manufacturers Hanover Corporation

Former bank holding company / From Wikipedia, the free encyclopedia

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Manufacturers Hanover Corporation was the bank holding company formed as parent of Manufacturers Hanover Trust Company, a large New York bank formed by a merger in 1961. After 1969, Manufacturers Hanover Trust became a subsidiary of Manufacturers Hanover Corporation. Charles J. Stewart was the company's first president and chairman.[1]

Manufacturers Hanover Corporation
Manufacturers Hanover Trust Company
IndustryBank holding company
  • 1905; 118 years ago (1905) (as Citizens)
  • 1987; 36 years ago (1987) (as Manufacturers Hanover)
DefunctJune 22, 1992; 30 years ago (1992-06-22)
FateAcquired by Chemical Bank and assumed the name Chemical after the 1991 merger.
SuccessorChemical Bank
HeadquartersNew York City
ProductsFinancial services
A bronze doorway in the New Yorker Hotel in midtown Manhattan that formerly led to a branch of the Manufacturers Trust Company

The corporation acquired the former Union Carbide Corporation headquarters at 270 Park Avenue, and though it merged into Chemical Banking Corporation for $1.9 billion in 1991, the successor corporations down to today's J.P. Morgan Chase & Co. have continued to locate their headquarters in that building.