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70-749: Bank One traces its roots to the merger of Illinois based First Chicago NBD , and Ohio-based First Banc Group (later Bank One), a holding company for the City National Bank in Columbus, Ohio . The First Banc Group, Inc. was formed in 1968 as a holding company for City National Bank and was used as a vehicle to acquire other banks. As Ohio began to gradually relax its very restrictive Great Depression era banking laws that had severely restricted bank branching and ownership, City National Bank, through its First Banc Group parent, started to purchase banks outside of its home county. The first acquisition by

140-552: A bank in San Antonio. In 1988, Lomas acquired 80,000 accounts from a bank in New York. In 1989, Lomas & Nettleton Financial was in financial trouble and was forced to sell its credit card division. Lomas sold Lomas Bankers Corp. and Lomas Bank USA to an investor group led by Merrill Lynch Capital Partners for $ 500 million in cash and preferred stock. After the sale to the consortium led by Merrill Lynch, Lomas Bankers Corp.

210-647: A bronze medal in the men's 100-meter backstroke at the 1956 Summer Olympics in Melbourne, Australia, then afterward entered Indiana University. At the 1960 Summer Olympics in Rome, Italy, he received a silver medal for his second-place finish in the men's 100-meter backstroke . He also won a gold medal by swimming the lead-off backstroke leg for the first-place U.S. team in the men's 4×100-meter medley relay . McKinney retired from competition after graduating from Indiana University in 1961, and went into banking. He

280-474: A buying spree as soon as Wisconsin and surrounding states started loosening their restrictive bank branching and ownership laws and Marine had recently purchased banks throughout Wisconsin and most recently had purchased a bank with three branch offices in the state of Minnesota and another bank in the state of Illinois just a few months before. In late December 1986, Marine entered the Chicago market by initiating

350-495: A company that was formed by a private investor group in 1988 to acquire failed and weak Texas banks, for $ 782 million in Banc One stock. The acquisition of Team Bank brought 56 branches into Banc One Texas, which then had 146, though a few branches needed to be closed because of branch overlaps. After this acquisition, Bank One Texas remained as the next largest bank in the state after NationsBank . The acquisition of Team Bancshares

420-646: A few months later from the Resolution Trust Corporation in 1990. This failed savings and loan association cost the federal government $ 1.4 billion. The 48 former branch offices were integrated into Bank One Texas, which had 63 branch offices at that time. The following year, Banc One acquired 13 Houston-area offices of the failed Benjamin Franklin Savings from the RTC for $ 36 million. In 1992, Banc One acquired Team Bancshares of Dallas,

490-573: A few months later. Seven years later, Citizens Banking Corp. announced in September 1994 that they were acquiring all four Michigan banks in East Lansing, Fenton, Sturgis, and Ypsilanti from Banc One for $ 115 million. The divestiture was completed in February 1995. The Bank One brand did not return to Michigan until the 1998 merger with First Chicago NBD which resulted in the rebranding of

560-519: A result of the late 1980s banking crises in Texas that was caused by the defaulting of a large number of real estate and energy sector loans when energy prices dropped and large numbers of people lost their jobs as a result. Although Banc One could obtain failed banks at a discount that were subsidized by the Federal government, they could also be stuck with loans in which borrowers could later default on if

630-453: The Loop in Chicago (originally called First National Plaza, it is now known as Chase Tower ). The bank grew consistently through the early 1970s, however, the bank's growth undermined its underwriting standards. By the end of 1975 and the beginning of 1976, non-performing loans at First Chicago had reached twice the national average for commercial banks at roughly 11% of all loans. Efforts to fix

700-651: The National Banking Act of 1863, which allowed national banks to exist along with state-chartered institutions for the first time. First Chicago received National Bank charter No. 8. The new bank known as The First National Bank of Chicago, or The First, grew steadily in the 1860s, financing the American Civil War . The First merged with Union National Bank in 1900 and with the Metropolitan National Bank in 1902. At

770-568: The 1950s and 1960s the First expanded both in the Midwestern US as well as abroad, opening offices in London (1959), Tokyo (1962) and later Beijing (1980). In 1969 the bank was reorganized as the primary subsidiary of the new First Chicago Corporation , a newly formed bank holding company. First Chicago was used as a brand name starting in 1969 and the bank moved into a new skyscraper in

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840-401: The 1980s, CEO Barry F. Sullivan , formerly with Chase Manhattan Bank , was able to turn around the bank in the early 1980s. Additionally First Chicago's private equity operations proved highly successful and served the incubator for a number of successful independent private equity groups. Stanley Golder , who built the group in the 1970s left the bank in 1980 to found GTCR . In the 1990s,

910-641: The 1992, Banc One announces the pending acquisitions of two western-based holding bank holding companies, Denver-based Affiliated Bankshares of Colorado and Phoenix-based Valley National Corporation , that would give the company access to new markets in Colorado, Arizona, Utah, and California. Banc One paid $ 378 million in stock to stockholders of Affiliated Bankshares for 27 affiliate banks with 38 offices in Colorado and $ 1.2 billion in stock to stockholders of Valley National for 206 offices in Arizona operating under

980-624: The Chicago bank back as soon as the Illinois banking laws would permit ownership by Ohio-based companies, which eventually happened in December 1990. The lawyer was able to sell the bank back to Banc One within two years at a substantial profit. Banc One entered the state of Texas in 1989 through the acquisition of a number of failed banks that were seized by the Federal Deposit Insurance Corporation (FDIC) as

1050-685: The Dallas-based First USA for $ 7.9 billion in stock. Prior to this acquisition, most Bank One credit card accounts were issued and serviced by the various local Bank One banks. For example, most Bank One Indianapolis customers had credit cards that were issued and serviced by Bank One Indianapolis via the former American Fletcher credit card center prior to the acquisition. Unfortunately for Banc One and especially for John B. McCoy, First USA would later cause problems for its new parent by generating unexpected losses that were caused by mismanagement and by questionable decisions that were made in

1120-594: The First Security offices were folded into Bank One Lexington with a few offices were closed because they were too close to an existing branch. Although Banc One had a presence in Kentucky since 1986, it had little or no presence beyond Lexington and suburban Cincinnati. To remedy this problem, Banc One acquired Louisville-based Liberty National Bancorp with its 104 banking offices located throughout Kentucky and Southern Indiana in 1994 for $ 842 million in stock. At

1190-615: The First opened the First Trust and Savings Bank which provided savings accounts to individual customers. First Trust and Savings Bank merged with Union Trust Company in 1928 to become the First Union Trust and Savings Bank. During the Great Depression, the First would absorb First Union Trust and Savings Bank's customers and operations. The bank was active in the sale of War Bonds during World War II . During

1260-489: The Illinois legislature was slow in removing obstacles against interstate banking, Banc One had to compete with Northwest and NBD, along with some Chicago-based banks, to obtain available banks in key markets in Illinois. After a five-year acquisition lull in the state of Kentucky, Banc One increased its presence in northeast central Kentucky with the acquisition of Lexington-based First Security Corporation of Kentucky with its 28 offices for $ 204 million in stock in 1992. Most of

1330-457: The MNet division was generating a profit, the rest of MCorp began suffering huge loses when customers began to default on their mortgage payments that were the result of the economic downturn that had begun in Texas. In attempt to save itself, MCorp sold MNet to Lomas & Nettleton Financial Corporation the following year for $ 300 million in cash and securities. After the acquisition by Lomas, MNet

1400-617: The Marine Corp. of Springfield in Central Illinois with its 15 banking locations in Springfield, Bloomington, Champaign, and Monticello for $ 193 million in stock. Marine Corp. of Springfield was renamed Banc One Illinois and Marine's lead bank, Marine Bank of Springfield, became Bank One Springfield. A few months later, Banc One acquired First Illinois with its 15 offices in suburban Chicago for $ 349 million in stock. Because

1470-568: The attempt to increase profitability. First USA original was originally formed in Dallas as a subsidiary of MCorp that was called MNet . It was formed in 1985 to handle the back end work for providing credit cards, electronic banking, and other consumer services through member banks of the Texas bank holding company. To issue credit cards, MCorp (via MNet) established a credit card issuing bank in Wilmington, Delaware, called MBank USA . Although,

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1540-504: The bank failed and the bank struggled through the end of the 1970s, suffering from highly speculative bets on interest rates. Expansion beyond a single retail banking location was hindered for years. Not only was Illinois one of the last states to allow branch banking, but for years it did not allow holding companies to own more than one bank. First Chicago was not able to open its first branch bank until 1977, when banks were allowed to open two limited banking facilities within 1,500 feet of

1610-579: The beginning of the twentieth century, noted investors in the bank include J. Pierpont Morgan , James Stillman , Jacob H. Schiff , E. H. Harriman , and Marshall Field . In 1913, The First became a charter member of the Federal Reserve system. The First survived the depression, even acquiring Foreman State Banks in 1931 and was able to open its doors without regulatory delays following the National Bank Holiday of 1933 . In 1903,

1680-703: The change in federal and state banking laws in 1985, Banc One began to rapidly expand outside of Ohio. Its first out-of-state acquisition was of Purdue National Bank in Lafayette, Indiana which occurred just after the new laws went into effect. This bank was renamed Bank One Lafayette . This merger was quickly followed by the purchase of other small banks in Indiana and Kentucky, the only states that initially allowed bank purchases by Ohio-based banks. The bank entered Kentucky by acquiring Citizens Union National Bank & Trust Co. of Lexington, Kentucky , in 1986. This bank

1750-470: The combined organization. Another change made in the corporate organization was the formation of a two-tiered management system with the formation of statewide holding companies that were placed in between the regional member banks and the ultimate Banc One parent holding company. So, in Indiana, American Fletcher Corporation became Indianapolis based Banc One Indiana and all member banks in Indiana, such as Bank One Lafayette, which previously reported directly to

1820-558: The departure of CEO John B. McCoy , whose father and grandfather had headed Banc One and predecessors. Jamie Dimon , a former key executive of Citigroup , was brought in to head the company. In 1998, Bank One paid $ 66 million for the naming rights for 30 years to a newly constructed ballpark in Phoenix , which was built for the Major League Baseball expansion team Arizona Diamondbacks . The retractable roof stadium

1890-517: The early 1990s and sought out a merger with the National Bank of Detroit , which at the time was the 18th largest bank in the US (First Chicago was the 10th largest bank). The $ 5 billion merger, completed in 1995, created First Chicago NBD Corporation , the 7th largest bank in the US with $ 72 billion of assets, and was also a leader in the issuance of credit cards. While NBD was the nominal survivor,

1960-602: The economic crises worsen. The first banks to be acquired were 20 banks that were formerly owned by MCorp, which the FDIC had consolidated into a single bank that they named the Deposit Insurance Bridge Bank. The FDIC had seized the banks in March 1989. The failure of 20 of MCorp's 24 banks cost the FDIC $ 2.8 billion. MCorp was the second largest bank holding company in Texas at the time of its failure. MCorp

2030-640: The former NBD offices. Banc One's first acquisition in a state that did not share a common border with the state of Ohio occurred in 1987 with the acquisition of Marine Corporation, the third-largest bank holding company in Wisconsin, after First Wisconsin Corporation and Marshall & Ilsley Corporation . The result of this merger brought into organization 21 banks and 76 offices in Wisconsin with Marine Corp. being renamed Banc One Wisconsin Corp. and each of

2100-493: The holding company for Valliwide Bank, formerly the Bank of Fresno. In May 1994, Banc One increased their holdings in Arizona by acquiring the 58 of 60 Arizona offices of the failed San Diego–based Great American Bank from the Resolution Trust Corporation for $ 49.36 million. The newly acquired offices were integrated into Bank One Arizona. In 1993, Banc One entered the state of West Virginia by acquiring Key Centurion Bancshares,

2170-421: The insolvency, though they kept on a few key MCorp staff whose leadership and connections were considered crucial to the transformation. Laws were changed in Texas that would allow Banc One, and other purchasers of failed banks, to operate a single bank statewide instead of being restricted by narrow geographical regions. The next acquisition that occurred in Texas was the purchase of the failed Bright Banc Savings

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2240-426: The larger credit card issuers such as First USA. As more bank credit card accounts became concentrated in a few large issuers during the 1990s, fewer banks had credit card accounts to sell, so large issuers switched to direct marketing to obtain more cardholders. Those issuers started offering no annual fee cards with introductory interest rates that quickly increased after a set time. This led to fierce competition among

2310-718: The largest bank holding company in West Virginia with 54 offices throughout West Virginia and parts of eastern Kentucky, for $ 536 million in stock. Banc One entered into Oklahoma by acquiring the Central Banking Group in Oklahoma City, with its eight offices all located in Oklahoma City, for $ 96 million in stock in 1994. Thirty months later, Banc One entered Tulsa by the acquisition of Liberty Bancorporation of Oklahoma City for $ 546 million in stock in 1997. Liberty had 29 offices in Oklahoma City and Tulsa at

2380-514: The main office. Unlike its rivals, First Chicago waited two years before making its first bank purchase after the Illinois legislature began to allow holding companies to own more than one bank in 1981. In 1984, First Chicago purchased American National Corporation, the holding company for American National Bank and Trust Company of Chicago, another bank located in the Loop, from Walter E. Heller International Corporation for $ 275 million. During

2450-714: The main parent in Columbus, reported to management in Indianapolis instead. The merger resulted in a $ 597.3 million swap of stock. The merger with American Fletcher Corp. also brought along four small banks that American Fletcher had just recently acquired or was in the process of acquiring. These banks included Citizens Northern Bank of Elkhart (Bank One Elkhart), Carmel Bank & Trust Co. (Bank One Carmel), First American National Bank of Plainfield (Bank One Plainfield), and Union Bank & Trust Co. of Franklin (Bank One Franklin). Under Indiana law at that time, American Fletcher

2520-505: The management of the holding company occurred in 1986 with the acquisition of Indianapolis-based American Fletcher Corporation , a multi-bank holding company, with its lead bank, American Fletcher National Bank & Trust Company , which resulted in giving 20% of the voting stock in the new company to the former managers of American Fletcher and also had Frank E. McKinney, Jr. , the head of American Fletcher, replaced John B. McCoy as president of Banc One Corp. and moved McCoy up to chairman of

2590-858: The marketing efforts of its member banks by having all of its members banks adopt similar names. In October 1979, First Banc Group, Inc. became Banc One Corporation , and each member bank became Bank One followed by the city or the geographic area that the member bank served. For example, City National Bank was renamed Bank One Columbus , Security Central National Bank became Bank One Portsmouth , and Farmers Saving & Trust Company became Bank One Mansfield . In 1980, Banc One acquired banks in Painesville, Ohio (Lake County National Bank; Bank One Painesville), Akron, Ohio (Firestone Bank; Bank One Akron), and Youngstown, Ohio (Union National Bank; Bank One Youngstown). Winters National Bank in Dayton, Ohio ,

2660-690: The merged bank was headquartered in Chicago. In April 1998 First Chicago NBD announced a $ 30 billion merger with Banc One Corporation of Columbus, Ohio . Bank One was also a leading issuer of credit cards through its First USA division. Following the merger, the company was renamed Bank One Corporation , headquartered in Chicago. The First Chicago and NBD names were retired in 1999. In 2004, Bank One Corporation merged into JPMorgan Chase & Co. and its subsidiary bank, then named Bank One, National Association, merged into JPMorgan Chase Bank , National Association. Frank E. McKinney, Jr. Frank Edward McKinney Jr. (November 3, 1938 – September 11, 1992)

2730-509: The name Valley National Bank of Arizona (renamed Bank One Arizona), 35 offices in Utah operating under the name Valley Bank and Trust of Utah (renamed Bank One Utah), and 7 offices in California operating under the name California Valley Bank (renamed Bank One Fresno). Affiliated Bankshares was renamed Banc One Colorado and Valley National Corp. was renamed Banc One Arizona. Since all of

2800-482: The name of the geographical location. Illinois law did not permit the merger of most of the acquired banks into the First National Bank of Chicago until as late as 1993. To strengthen its credit card business, First Chicago acquired Delaware-based Beneficial National Bank USA in 1987 and renamed it FCC National Bank. First Chicago once again began to suffer from the quality of its loan portfolio in

2870-780: The new bank holding company was the 1968 acquisition of the Farmers Saving & Trust Company in Mansfield, Ohio . With each acquisition, new member banks kept their name, employees, and management while obtaining new resources from the parent holding company. This is very important when the bank holding company was expanding into primarily rural and extremely conservative markets. In 1971, First Banc acquired Security Central National in Portsmouth, Ohio . Initially, Ohio law did not permit bank mergers across county lines but allowed bank holding companies to own multiple banks across

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2940-470: The new offices in California were located in remote Fresno and far away from the large metropolitan areas of Los Angeles and San Francisco, Banc One had little opportunity to make a significant move into California and was not able to compete efficiently against California-based banks such as Bank of America and Wells Fargo. After two years of ownership, Banc One decided to withdraw from California market completely by selling Bank One Fresno to ValliCorp Holdings,

3010-485: The north Chicago-based Ravenswood Financial Corp. for $ 55.1 million. Ravenswood Financial's only bank was renamed First Chicago Bank of Ravenswood. First Chicago also acquired the Winnetka -based Winnetka Bank for $ 21.6 million in stock. In 1993, First Chicago acquired Lake Shore Bancorp, another Chicago-based bank holding company, $ 323 million. Most of the acquired banks were named First Chicago Bank of followed by

3080-572: The purchase of the American branch of the Italian bank Banco di Roma , which was rename Marine Bank Chicago. Since Minnesota and Illinois forbade the bank ownership by companies based in Ohio, Marine had to sell those banks before the merger was permitted to proceed. The Minnesota banks were sold to First Bank System while the Chicago bank was sold to a lawyer with the understanding that Banc One wanted

3150-484: The remaining credit card issuers, especially in the fight to attract lucrative customers: those who maintain large monthly revolving balances. These are the same customers who could cause problems for the bank if the local economy turns sour. At this time, First USA was generating profits as high as nearly 25% on its owners' investment, which was phenomenal since a return of 1% on its assets is usually considered great for most other sectors of banking. The high rate of return

3220-684: The state of Michigan in late 1986 by acquiring the Citizens State Bank in Sturgis, Michigan , and convert it into Bank One Sturgis. Within a few months of the Sturgis acquisition, additional acquisitions were quickly made in East Lansing, Michigan (East Lansing State Bank; Bank One East Lansing), Fenton, Michigan (First National Bank of Fenton; Bank One Fenton) and Ypsilanti, Michigan (National Bank of Ypsilanti; Bank One Ypsilanti)

3290-423: The state with some geographical restrictions. The newly acquired banks had to maintain their existing banking charters while each bank had to operate separately. Holding companies also were not allowed to have the word "bank" in their names so the word "banc" was used in its place. Although Ohio law still had restricted bank mergers outside a certain geographic area, the holding company management decided to unify

3360-480: The subsidiary Marine Banks were renamed Bank One along their respective affiliated geographical based name. The lead bank, Marine Bank, N.A., became Bank One Milwaukee. The merger came about Marine was trying to resist an unwanted acquisition attempt by Marshall & Ilsley that was initiated in June 1987 which would have resulted in massive firings. Prior to the unwanted overtures by Marshall & Ilsley, Marine went on

3430-673: The team, led by John Canning Jr. would spin out of First Chicago to form private equity firm Madison Dearborn . Midwestern private equity firm, Primus Capital was also founded by First Chicago private equity alumni. First Chicago began to expand for the first time into the northwest suburbs of Chicago with the acquisition of the Arlington Heights -based First United Financial Services, a bank holding company with five banks, in 1987. The following year, First Chicago entered DuPage County by acquiring Gary-Wheaton Corp., another bank holding company. In 1989, First Chicago acquired

3500-421: The time of the acquisition in 1998, First Commerce was the largest Louisiana-based financial institution in the state. The acquisition included the lead bank First National Bank of Commerce plus five other regional banks with a combined total of 144 banking offices. All of the acquired banks were consolidated into Bank One Louisiana. In 1997, Banc One decided to expand its national credit card business by acquiring

3570-429: The time of the acquisition, Liberty National Bancorp was the largest bank holding company in Kentucky that was still headquartered in that state. Liberty National Bancorp was renamed Banc One Kentucky and its lead bank, Liberty National Bank and Trust Company of Kentucky, became Bank One Kentucky. As a result of the merger, Bank One Lexington was placed under the supervision of the new Banc One Kentucky holding company. In

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3640-499: The time of the acquisition. Banc One entered Louisiana by acquiring the assets of Premier Bancorp of Baton Rouge, the third-largest bank holding company in the state with 150 offices, for $ 700 million in stock in 1996. Although the merger was consummated in January 1996, the relationship between the two organizations goes back much further. The just recently retired and former head of Premier, and its predecessor Louisiana National Bank,

3710-448: The years, the bank operated under several names including The First National Bank of Chicago and First Chicago NBD (following its 1995 merger with the former National Bank of Detroit ). In 1998, First Chicago NBD merged with Banc One Corporation to form Bank One Corporation , today a part of Chase . On July 1, 1863, banker Edmund Aiken and his partners invested $ 100,000 to found a new federally chartered bank that could take advantage of

3780-564: Was Charles "Chuck" McCoy, the younger brother of John G. McCoy and uncle to John B. McCoy. In 1991, Premier received $ 65 million from Banc One to help cover its debts in an exchange for the right for Banc One to acquire Premier within the next five years. Premier acquired most of its debts during the economic downturn that had hit Louisiana during the late 1980s. Premier Bancorp became Banc One Louisiana and Premier Bank became Bank One Louisiana. The following year, Banc One acquired First Commerce Corporation of New Orleans for $ 3.5 billion in stock. At

3850-631: Was acquired in 1982 and renamed Bank One Dayton . The merger with Winters National Corporation brought into the Bank One organization 42 Winters National Bank & Trust Co. branch offices in the greater Dayton area, a branch in Cincinnati and three offices in Circleville. Also added were 21 Euclid National Bank branch offices in the Cleveland area which were renamed Bank One Cleveland. With

3920-556: Was an American competition swimmer, Olympic champion, and former world record-holder. He later became a prominent executive in the American banking industry, but died in a mid-air collision of two aircraft. McKinney was the son of Frank E. McKinney , a former chairman of the Democratic National Committee and a former owner of the National League's Pittsburgh Pirates of Major League Baseball. He

3990-509: Was appointed a Banc One director while First USA president and co-founder Richard Vague was appointed chairman and CEO of First USA. In 1998, Banc One Corporation merged with Chicago-based First Chicago NBD  – the result of the 1995 merger of First Chicago Corp. and NBD Bancorp , two large banking companies who had themselves been created through the merger of many banks) – to form Bank One Corporation, and moved its headquarters from Columbus to Chicago. Adverse financial results led to

4060-496: Was called Bank One Ball Park , and was ultimately renamed '''Chase Field''' in 2005. In 2001, Dimon selected former colleague Dick Cashin, from Citicorp Venture Capital to run a new private equity effort within Bank One, One Equity Partners . Dick Cashin is the brother of Steven Cashin, founder and CEO of Pan African Capital Group, based in Washington, D.C. In 2005, Bank One's private equity affiliate, One Equity Partners ,

4130-492: Was formed in 1984 through the merger of Mercantile National Bank of Dallas with Bank of the Southwest of Houston with Mercantile becoming MBank Dallas and Southwest becoming MBank Houston. After the acquisition, the Deposit Insurance Bridge Bank became Bank One Texas with Banc One Texas formed as the state holding company. Banc One brought in managers from other parts of the Banc One organization to correct mistakes which led to

4200-565: Was made four months later in which $ 43 million was raised in the stock sale. At the time of the IPO in 1992, First USA was the 14th-largest issuer of credit cards in the nation. Most of the growth of the company during the 1980s and early 1990s were the results from the acquisition of credit cards accounts from banks needing to sell some assets for quick cash to stave off insolvency, or from banks that had ceased issuing and servicing their own credit cards accounts because they either could not compete with

4270-681: Was not permitted to merge these banks into its main American Fletcher National Bank. The First National Bank of Bloomington in Bloomington, Indiana , was acquired in 1987. This bank became Bank One Bloomington. With the acquisition of the Bloomington-based bank, Banc One temporarily ceased further acquisitions in the state in Indiana since they had reached that state's cap of the percentage of ownership within that state at that time. Bank One expanded into

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4340-431: Was one of the factors that attracted Banc One to the acquisition of First USA. Banc One first announced the proposed acquisition of First USA in January 1997. Wall Street reaction to news caused Banc One's stock to drop 8%. First USA was the fourth-biggest credit card issuer in the nation at the time of the announcement. The acquisition was finalized six months later. First USA Chairman and co-founder (in 1985) John Tolleson

4410-576: Was renamed Lomas Bankers Corp. and MBank USA was renamed Lomas Bank USA . Under Lomas, the credit card company aggressively acquired new customers by purchasing credit card accounts from other credit card issuers. In 1987, Lomas Bank USA acquired 230,000 accounts from two banks in Louisiana, 23,000 accounts from a bank in Amarillo, 260,000 accounts from two banks in Oklahoma, and 90,000 accounts from

4480-691: Was renamed Bank One Lexington. Banc One acquired the Merrillville, Indiana –based Bank of Indiana and rename it Bank One Merrillville in early 1986. This was quickly followed by acquisitions in Marion, Indiana (First National Bank of Marion; Bank One Marion), Crawfordsville, Indiana (First National Bank and Trust Co. of Crawfordsville; Bank One Crawfordsville), Rensselaer, Indiana (Northwest National Bank of Rensselaer; Bank One Rensselaer) and Richmond, Indiana (First National Bank of Richmond; Bank One Richmond). The first major merger that had an effect on

4550-499: Was renamed First USA, Inc. and Lomas Bank USA was renamed First USA Bank. At the time of the Merrill Lynch acquisition in 1989, Lomas Bankers–First USA was the 11th-largest issuer of credit cards in the nation. In 1992, First USA reduced some of its debt by going public. First attempt to sell stock occurred in late January, but the offer was quickly withdrawn because the stock market had dropped too low. A more successful attempt

4620-404: Was selected to be the exclusive private equity affiliate for the combined firm, prompting the spinout of JPMorgan's private equity affiliate, which is today CCMP Capital . First Chicago NBD First Chicago Bank was a Chicago , United States-based retail and commercial bank tracing its roots to 1863, when it received one of the first charters under the then new National Bank Act . Over

4690-603: Was the pioneer of the modern bent-arm backstrokers, even as Oyakawa had been the last of the straight-arm school. McKinney was the leader of a remarkable group of teenagers who won the U.S. Nationals for the Indianapolis Athletic Club alongside Mike Troy , Bill Barton, Bill Cass and Alan Somers . Later, they would all swim for the Indiana Hoosiers swimming and diving team under coach Doc Counsilman at Indiana University . McKinney captured

4760-404: Was the president of Bank One of Indiana (previously American Fletcher National Bank ), headquartered in Indianapolis when he died, aged 53, in a mid-air collision between two aircraft in 1992. As part of the merger, he also became president of the Columbus, Ohio-based parent company, Banc One Corporation , while still serving as the chief executive officer of the Indiana subsidiary. McKinney

4830-420: Was the youngest member of a U.S. national swim team which set a world record in the 4×100-meter medley relay at the 1955 Pan American Games . At the Pan American Games, the 16-year-old high school student also won a gold medal in the 100-meter backstroke. Born in Indianapolis, Indiana , he did the most to introduce modern backstroke techniques. Following Yoshi Oyakawa as the premier U.S. backstroker, McKinney

4900-441: Was unusual in Texas during this period since Team was making a profit at the time of sale. Compared to other states, Illinois was very slow to allow statewide branching and multi-bank holding companies. When Illinois finally removed its last prohibition on interstate banking in December 1990, the first thing that Banc One did was to complete its planned acquisition of Marine Bank Chicago in downtown Chicago. In 1992, Banc One acquired

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