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The McCoy Center [2] is an office building located in Columbus, Ohio.The building was acquired by JPMorgan Chase & Co. with its 2004 merger with Bank One Corporation.Formally known as the Corporate Center Columbus (or more often and colloquially "Polaris"), the building was renamed after the merger to honor the McCoy family, who led the Columbus-based Bank One for three generations.
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.
An office of the Equitable Eastern Banking Corporation (one of J.P. Morgan's predecessors) opened a branch in China in 1921 and Chase National Bank was established there in 1923. [37] The bank has operated in Saudi Arabia [38] and India [39] since the 1930s. Chase Manhattan Bank opened an office in South Korea in 1967. [40]
Chase Tower was initially constructed in 1972 for Valley National Bank. In 1992, Valley National Bank lost a hostile take over by Bank One. Bank One merged with Valley National Bank in 1992. and Chase merged with Bank One in 2005. The building was renamed in December 2005. At 483 ft (147 m), Chase Tower is the tallest building in Arizona.
In 1997, Chase Paymentech was created as a joint venture between Chase Merchant Services and First Data Corporation (FDC). That year, First USA was acquired by Bank One. [ 2 ] [ 3 ] In 2001, Paymentech completed the largest retail merchant conversion and launched its Orbital Gateway.
The bank paid $5 million in reparations in the form of a scholarship program for Black students. [15] [16] [17] J.P. Morgan, the company itself, is still active as the business and investment banking subsidiary of JPMorgan Chase; Chase Manhattan Bank is still active as the personal banking subsidiary of the company.