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Jan. 15--Bank One Corp., Chicago's largest hometown bank, is being purchased by J.P. Morgan Chase & Co. of New York in a $58 billion stock deal. What does this mean for customers, investors and Bank One employees?
QUESTION: Will the bank's name change?
ANSWER: Not in the near term. Although the Bank One corporate name will disappear, the companies said that they will continue to use the Bank One brand and the Chase brand in their respective markets. They are researching a long-term retail brand strategy.
Q: Will my neighborhood Bank One branch remain open?
A: Yes. Chase does not have any bank branches in the Chicago area. With all the new…
Source: HighBeam Research, J.P. Morgan Chase, Bank One Deal Unlikely to Affect Chicago-Area...