BUSM1 Banks - J’lynn Richardson Coach Hayles Banks J.P...

J’lynn Richardson
Coach Hayles
10/4/2019
Banks
J.P Morgan Chase bank is headquartered in Manhattan, New York. Formerly known as
Chase Manhattan Bank, the company merged with J.P Morgan & Co. in the year 2002. Then, the
company merged with Bank One Corporation in the year 2004, which later acquired a majority
of the assets and deposits of the Washington Mutual. With over 5,100 branches and 16,000 ATMs
nationwide, Chase has over $2.49 trillion in assets as of 2016.
Bank of America, based in Charlotte, North Carolina, has hubs in New York City,
London, Hong Kong, Minneapolis, and Toronto. Formed in 1998 by NationsBank’s acquisition
of Bank America, Bank of America services 10.73% of all American bank deposits. Bank of
America has a revenue of $91.24 billion dollars and has $2.325 trillion in assets.
Navy Federal Credit Union is headquartered in Vienna, Virginia and is the largest natural
member credit union in the United States. With over 15,000 employees and 328 locations, Navy