Our History in Houston

  • 1866

    A $10 bill from the First National Bank of Houston dated 1866.

    JPMorgan Chase predecessor First National Bank of Houston is founded. With $100,000 in capital, First National becomes the city's first publicly chartered bank.

  • 1890

    A photograph of South Texas Commercial Bank 1890.

    JPMorgan Chase predecessor South Texas Commercial Bank, established by prominent lawyer and businessman Captain James Baker, is founded.

  • 1911

    A photograph of the 50 mile long Houston Ship Channel.

    Union National Bank, South Texas National Bank and Commercial National Bank, predecessors of JPMorgan Chase, help finance the construction of the 50-mile-long Houston Ship Channel, one of the largest public projects in the Southwest.

  • 1927

    Jesse Jones, president of National Bank of Commerce, commissions a skyscraper that would be “the tallest building west of the Mississippi.” Serving as a grand headquarters for the bank and the Gulf Oil Corp., the building opens in the spring of 1929. The building remains the headquarters of JPMorgan Chase in Houston.

  • 1931

    With two local banks teetering on the brink of collapse, Jesse Jones assembles the city's leading bankers in his office for three days of meetings. No banks in Houston fail as a result of Jones' efforts.

  • 1932

    President Hoover appoints Jesse Jones to the Reconstruction Finance Corporation's board; Jones becomes chairman in 1933.

  • 1940

    Jesse ones being sworn in as Secretary of Commerce 1940.

    Jesse Jones serves as Secretary of Commerce from 1940 to 1945.

  • 1964

    Texas Commerce Bank flag.

    National Bank of Commerce and Texas National Bank merge in 1964, creating Texas Commerce Bank, one of the largest banks in Houston.

  • 1969

    A photograph of Ben Love.

    Houston business and civic leader Ben Love becomes president of the Texas Commerce Bank. By December 1972, Love is promoted to chairman and CEO of Texas Commerce Bancshares. Ben Love was instrumental in Texas Commerce Bank's growth during the 20th century – and current employees and bank alumni still remember him fondly.

  • 1970

    Texas Commerce Bank participates in financing the original Houston Galleria in 1970; the bank leads the financing for the Galleria II expansion in 1976.

  • 1974

    Texas Commerce Bancshares is listed on the New York Stock Exchange.

  • 1982

    A picture of a magazine article about the 75-stgory Texas Commerce Tower, today still the tallest building in Texas.

    Working with renowned developer Gerald Hines, Ben Love plays a key role in building the 75-story Texas Commerce Tower, still today the tallest building in Texas.

  • 1984

    By 1984, Texas Commerce is one of the 25 largest banks in the United States. Among this list, TCB ranks number one in growth and return on assets.

  • 1986

    A picture from newspaper announcing the merger of Texas Commerce with Chemical New York Corporation.

    Texas Commerce merges with Chemical New York Corporation, representing the largest U.S. bank merger in history at the time. Texas Commerce retains its name.

  • 1989

    Ben Love retires and Marc Shapiro replaces him as the final CEO to serve Texas Commerce.

  • 1993

    Texas Commerce buys First City Bancorporation, which traced its lineage back to the First National Bank of Houston.

  • 1996

    A photograph of the interior of The Chase Manhattan Corp building.

    Chemical Banking Corp. merges with The Chase Manhattan Corp.

  • 1998

    Texas Commerce becomes known as Chase Bank of Texas.

  • 2000

    Chase Manhattan Corp. merges with J.P. Morgan & Co., creating JPMorgan Chase & Co.

  • 2004

    Bank One merges with JPMorgan Chase & Co.

  • 2016

    Photograph of front door of JPMorgan Chase building in Houston.

    JPMorgan Chase is one of Houston's largest employers with about 7,000 employees working in the city. The firm serves more than 1 million local customers, as well as many of the top corporations and leading institutions across the city. The firm has pledged $5 million for local workforce training, investing in people so Houston can keep building toward a brighter future.