International Acceptance Bank, Inc. was merged into the Bank of Manhattan Trust Company, with that entity then being absorbed by the Manhattan Company. The banking business was then continued under the name Bank of the Manhattan Company and had the same capital, $56,816,466. For some time the officers and directors of the Manhattan Company group have recognized that public opinion no longer favors the affiliation of a banking institution with other companies, and that conditions have so changed since 1929 that many of the advantages which at that time were inherent in the affiliation of various companies through a holding company have disappeared. By March 31, 1938, the Bank of the Manhattan Company reported total deposits of $505,477,944 and total assets of $612,951,711, compared, respectively, with $504,800,925 and $566,271,489 on December 31, 1937. In December 1948, Goodhue retired as president of the combined bank and was succeeded by Lawrence C. Marshall, who served as president of the bank until 1955. Merger with Chase National Bank The bank merged with Chase National Bank in 1955 to become Chase Manhattan. In 1996, Chase Manhattan was acquired by Chemical Bank, which retained the Chase name, to form what was then the largest bank holding company in the United States. In December 2000, the bank acquired J.P. Morgan & Co. to form JPMorgan Chase & Co. Standard Chartered Bank (Hong Kong) Limited continues (as of August 2020) to issue a credit card by the name of Manhattan, descending from its acquisition of the retail banking business in Hong Kong of Chase Manhattan in 2000. List of presidents of the Manhattan Company Daniel Ludlow, 1799 Henry Remsen, 1808 John Gerard Coster, 1825 Maltby Gelston, 1829 Jonathan Thompson, 1840 Caleb O. Halstead, 1847 James M. Morrison, 1860 John S. Harberger, 1879 William Henry Smith, 1880 D. C. Hays John Stewart Kennedy, 1893 Stephen Baker, 1893 J. Stewart Baker, 1927 F. Abott Goodhue, 1932 Lawrence C. Marshall, 1948 See also Gallatin Bank Building Morris Abraham Schapiro References Notes Sources Further reading Hunter, Gregory S. The Manhattan Company: Managing a Multi-Unit Corporation in New York, 1799-1842 (Routledge, 2017). Hunter, Gregory S. "The Development of Bankers: Career Patterns and Corporate Form at the Manhattan Company, 1799-1842." Business and Economic History (1985): 59-77. online Murphy, Brian Phillips. "" A Very Convenient Instrument": The Manhattan Company, Aaron Burr, and the Election of 1800." William and Mary Quarterly 65.2 (2008): 233-266. online