Bank of the Manhattan Company

The Bank of the Manhattan Company, founded in 1799, was originally established as a water supply company that also offered banking services, reflecting its dual purpose. Over time, it evolved into a full-fledged commercial bank, focusing on banking operations. Today, it is known as JPMorgan Chase Bank, a major global financial institution. The bank played a significant role in New York City’s development and financial history, marking the transition from a utility company to a prominent banking enterprise, illustrating how businesses can evolve and adapt over centuries.