National Bank of Detroit
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. NBD was founded in 1933 in the midst of the widespread bank failure during the Great Depression. Spurred by the Reconstruction Finance Corporation (RFC) to help stabilize the nation''s banking system, NBD''s shares were initially equally owned the General Motors Corporation and the U.S. Government under the RFC. The bank opened for business on March 24, 1933. By 1945, GM had divested of its ownership in NBD and by 1947 the RFC ended its involvement with the bank. In…mehr

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. NBD was founded in 1933 in the midst of the widespread bank failure during the Great Depression. Spurred by the Reconstruction Finance Corporation (RFC) to help stabilize the nation''s banking system, NBD''s shares were initially equally owned the General Motors Corporation and the U.S. Government under the RFC. The bank opened for business on March 24, 1933. By 1945, GM had divested of its ownership in NBD and by 1947 the RFC ended its involvement with the bank. In 1995, NBD merged with the First National Bank of Chicago; the combined bank was called First Chicago NBD. First Chicago NBD later merged with Bank One, which eliminated the NBD name. Bank One was itself purchased by JPMorgan Chase & Co. As of March 2006, all former NBD branches carry the Chase name.