Rare CHEMICAL BANK Working Proof

Product Details

Company
Chemical Banking Corporation

Certificate Type
Working Proof of the company's Preferred Stock

Time Period
1980's

Printer
American Bank Note Company

Format & Approximate Size
This proof is adhered to a thick 12" x 8 1/2" piece of cardboard. The proof is protected by a "flip up" clear protective and editing layer and is adhered to the folder itself.

Images
You will receive the exact proof pictured as it is the only one of it's kind. The first picture shows the proof with the edit layer lying atop the piece. The second picture shows just the proof with the plastic layer lifted out of view. The third picture shows the back of the cardboard with various notations and approvals.

Guaranteed Authentic
Yes

Additional Details
Fascinating piece of financial history from this banking giant!

Chemical Bank, headquartered in New York City, was the principal operating subsidiary of Chemical Banking Corporation, a bank holding company. In 1996, it acquired Chase Bank, adopted the Chase name, and became the largest bank in the United States. Prior to the 1996 merger, Chemical was the third-largest bank in the U.S., with $182.9 billion in assets and more than 39,000 employees. In addition to operations in the U.S., it had a major presence in Japan, Germany, and the United Kingdom. It was active in both corporate banking as well as retail banking as well as investment banking and underwriting corporate bonds and equity.

The bank was founded in 1824 as a subsidiary of the New York Chemical Manufacturing Company by Balthazar P. Melick and others; the manufacturing operations were sold by 1851. Major acquisitions by the bank included Corn Exchange Bank in 1954, Texas Commerce Bank in 1987, and Manufacturers Hanover in 1991. The bank converted to the holding company format in 1968.