Las Vegas Sun

December 1, 2009

Currently: 64° | Complete forecast | Log in

J.P. Morgan Chase completes purchase

Thursday, July 1, 2004 | 9:21 a.m.

CHICAGO -- J.P. Morgan Chase & Co. has completed its $58 billion purchase of Bank One Corp., forming the nation's second-largest bank with more than $1 trillion in assets, company officials announced today.

Chicago-based Bank One, with 1,800 branches in 14 states, has particular strength in the Midwest. In all, the combined company will have 2,300 branches and assets of $1.1 trillion, trailing only Citigroup's $1.19 trillion.

As many as 10,000 employees out of the combined work force of 145,000 were expected to lose their jobs when operations are integrated.

archive

  • Most Read
  • Discussed
  • Most E-mailed

Complete Listing

Calendar »

  • 1 Tue
  • 2 Wed
  • 3 Thu
  • 4 Fri
  • 5 Sat

All events on Tuesday »