Jp morgan got a head start during the bank merger wave

Reader comment on: JP Morgan Chase Jobs To Texas

Submitted by lyle (United States), Nov 3, 2019 13:29

It aborbed one of the largest banks in Houston, the Texas Commerce Bank, today it has a 48% market share in Houston with 227 branches in Houston Area, 200 branches in DFW and 555 branches state wide being about 11% of total branches.It has 704 branches in New York for example. So by number of branches Texas is fairly close. (Not so large in San Antonio as it appears it did not merge with a local bank there.) Texas used to forbid branch banking BTW. Jp Morgan has the most assets in Texas also. (at least in 2012 could not find immediatly a more recent number) Wells Fargo has the largest number of branches in total in Texas partly due again absorption of banks during the great Texas Bank Failure mode.

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Title By Date
The Over-financialization of the American Economy [117 words]Ron B LiebermannNov 12, 2019 20:19
JP Morgan has a huge presence in texas in terms of branches [208 words]lyleNov 9, 2019 13:44
⇒ Jp morgan got a head start during the bank merger wave [131 words]lyleNov 3, 2019 13:29

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