 220px|thumb|right|texas commerce bancshares, inc. logo  the texas commerce bank (officially texas commerce bank n.a.n.a. is short for national association, with its parent bank holding company known as texas commerce bancshares, inc.) was a texas-based bank acquired by chemical banking corporation of new york in may 1987. the acquisition of texas commerce bank represented the largest interstate banking merger in history at the time with a purchase price of $1.2 billion. the bank had its headquarters in what is now the jpmorgan chase building (formerly gulf building) in downtown houston, texas.sarnoff, nancy. "historic downtown chase building sold." houston chronicle. february 12, 2010. retrieved on february 24, 2010. prior to the merger, interstate banking was illegal in texas and many other states,http://www.cato.org/pubs/journal/cj6n3/cj6n3-6.pdf which effectively prevented such cross-border mergers. texas and new york had changed their laws to allow a merger of an in-state bank and an out-of-state bank. without those changes to the law, the merger between chemical bank and texas commerce bank, and later chase manhattan bank would not have been possible.http://www.federalreserve.gov/boarddocs/press/bhc/2001/20010709/attachment.pdf through a series of mergers and acquisitions chemical bank bought chase manhattan bank and then jp morgan finally changed texas commerce to jpmorgan chase & co. ==history== the texas commerce bank traces its roots to 1866. texas commerce changed its name to chase bank of texas in 1998 and merged into the chase manhattan bank in 2000. in 1977, lady bird (claudia taylor) johnson (wife of president lyndon baines johnson) became a director of texas commerce bank and texas commerce bancshares in houston. other directors were former president gerald r. ford, jr., former u.s. representative barbara jordan and the odessa oil industrialist bill noÃ«l. at one time ken lay of enron was a director. past presidents of the bank include thomas e. locke of lubbock. jeb bush's career started with an entry level position in the international division of the texas commerce bank, a job he received throu
Banks_established_in_1866 Defunct_banks_of_the_United_States JPMorgan_Chase