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J.P. Morgan Chase & Co. and Bank One Announce Merger
Footage of merger ceremony including William B. Harrison, Chairman & CEO, J.P. Morgan Chase and James Dimon, Chairman & CEO, Bank One (Video has no sound).
Jan 15, 2004/ FW/ --- J.P. Morgan Chase & Co. and Bank One today announced that they will merge,
creating the second largest banking franchise in the U.S., based on core
deposits.
The combined company will have assets of $1.1 trillion, 2,300 branches
in seventeen states, and top-tier positions in consumer banking, investment
banking and other key business segments.
The combined company will be known as
J.P. Morgan Chase & Co., and will continue to use both the Chase and Bank
One brands in their respective markets.
This strategic business combination is
designed to create shareholder value through a balanced business mix, greater
scale and enhanced competitiveness.
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