Chase Alumni: Ret: Glass Steagall & Consumer Privacy + Phil Sergio, RIP

 
Dear Reader,
(# Indicates new articles or articles that have added content.)
 
NEWS & EVENTS (PAST AND FUTURE)                                           
 

Jamie Dimon's letter to shareholders in the 2020 Annual Report addresses the following:

  • The Corporate Citizen: The Purpose of a Corporation
  • Lessons from Leadership
  • Banks’ Enormous Competitive Threats — from Virtually Every Angle
  • Specific Issues Facing Our Company
  • COVID-19 and the Economy
  • Public Policy. American Exceptionalism, Competitiveness and Leadership: Challenged by China, COVID-19 and Our Own Competence
Want to discuss it? Send comments to news@chasealum.org.
 
CONTEST: Where will JPMorgan Chase stock (JPM) be at the close of the second quarter 2021? The contest is now closed, with a winner to be announced on July 1, 2021.
JPM stock closed on March 31, 2021 at 152.53; our
participating alumni's guesses for the June 30 closing price ranged from 135.215 to 182.75, with a median of 161.15.
 
We have put together a compendium of past CAA events,   with links to photos (viewable only by dues-paying   CAA members). Of course, none of us has aged in these photos
(from 2005 to 2020). Until we meet again in person!
 
The alumni trip to Croatia/Italy has been postponed to next year (2022). More information will be sent directly to registrants.
 
SAVE THE DATE: With hope and faith that baseball has a future, we've reserved 40 seats for the Subway Series game to be played at CitiField on Friday, September 10, 2021!
 

CHEM/CHASE...MHT/CHEM...HERITAGE/ MERGER MEMORIES    

Please continue sending your story ideas, essays and images regarding the banks and the merger to news@chasealum.org.  
 
# Object of the Week (in honor of the Mets' opening home game this week, in person):  
 
 
 
 
 
 
 

(Happy) 25th Anniversary! March 31, 2021 was the 25th anniversary of the Chemical Bank-Chase Manhattan merger. Click here and here to see how the merger was covered in the media a quarter century ago.

 
 
In the Room Where It Happened: Special thanks to former JPMorgan Chase Vice Chair Don Layton for a superb article,  The Merger Name Game, with insights into why Chemical's name outlasted Manufacturers Hanover, Chemical gave way to Chase and JPMorgan Chase wasn't named Chase Morgan.
 
 
 
 
 
 
 
 
Starting at MHTWe've added sweet rememberances of     MHT by Penny Quinn, whose mother also worked for the bank, but when Manufacturers and Hanover banks were only "associated". 
 
 
 
MOMENTS IN BANK HISTORY                                                           
 
Eugene Ret writes about the implications on consumer privacy when the Glass Steagall Act was repealed and Chase Manhattan's response.
 
 
 
 
 

Andrew Berry wrote in about the just published Argyle-The Impossible Story of Australian Diamonds by Stuart Kells (University of Melbourne Press), a fascinating study of the discovery, development and intrigues associated with the Argyle diamond mine in Western Australia. Two chapters, wrote Berry, “deal with the challenging and supposedly impossible raising of a US$175,000,000 project financing by the Mine’s 38.24% owner Ashton Mining Limited. The majority owner and operator was the mercurial Rio Tinto’s Australian subsidiary CRA, which awaited fruitlessly for Ashton to fail in this financing endeavour so it (CRA) could acquire some or all of Ashton’s interest. Such was not the case because the Chase Manhattan Bank underwrote and successfully syndicated Ashton Mining's debt funding.”
Click here to read more about the book and Chase (and Berry's) roles.
 

Click for a master index to images of memorabilia we've gathered recently, from Manufacturers Hanover Trust,    Chemical Bank and Chase Manhattan. 

 
 
 
 
 
Do you remember Chase's Universal Account from the 1980s? Perhaps you can identify some of your colleagues in  the brochure photo.
 
 
 
 
 
 
 
 LIFE AFTER CHASE                                                                         
 
The Extroverted Economist: A risk analyst at Chase for five years in the 1980s for the Sub-Saharan Africa desk, Bob Graboyes is now an expert in health care economics and the use of technology in health care. His heart, though, is in the music he composes.
 
 
  IN MEMORIAM                                                                                   

In Memoriams: Please send remembrances to news@chasealum.org

The CAA mourns the passing of its member Felix "Phil" Sergio, 85, who died on April 5, 2021. He was a VP at the bank over his 33 years of service in branches and middle market banking. 

 
 
 
 

We were just informed of the death on April 30, 2017 of Philip M. Wexler, 78, who worked at Chase before a long career at Union Bank in California.

 

 

Bill Lee informed us of the deaths in 2009 and 2014 of three colleagues from Manufacturers Hanover Leasing: John J. Kettle, of Central Islip, NY, on September 29, 2009; Karl M. Parrish, 76, of Greenwich, CT, founder and chair of Manufacturers Hanover Leasing Corporation, on January 20, 2014; and Douglas L. Hutter (photo), 65, of Westbury, NY, on July 19, 2014. For more information, click here.

Doug Werlinich, who served Chase Manhattan in the USA, UK and Japan, died of cancer on March 8, 2021. He was 78.

 
 
 
 
 
 
 
 

The CAA mourns the death of longtime member
Dick Corrigan, who died on March 4, 2021 in Florida.
Ten of his 17 years with Chase had been spent in Malaysia and Singapore.




 

How Best to Use the CAA Membership Directory                 
 
If you have not done so recently, please update the information in your profile, so that the CAA and other members would be better able to contact you. Using the Membership Directory is a privilege of dues-paying CAA members.
 
Now get a refresher on how to best use the membership directory to find an individual or groups of individuals you would like to contact. (Note that only dues-paying members have access to the directory.).
 
To get to the directory, log in at www.chasealum.org. On the home page menu, click on Membership and then Member Directory.
 
When searching by name, or in any of the other search areas, we advise starting by putting in less information in the search field. For example, if you want to find William Smith, type only Smith in the Search by Name box; if you put in “William Smith” and he is calling himself Bill Smith in his profile, you will not find him.
 
If you want to find members who live near you, enter the city, state or country (or any combination) under Location. The Years at Chase search is very valuable. Type in 1996-2005, for instance, and you will find everyone who worked for the bank (including heritage banks) during those years. You can narrow your search by also typing in a location or job title.
 
Once you have entered the search words, click on Search at the bottom of the page. When members’ names appear, click on their names to obtain more detailed information about them.
 
If you have any problem with any of this, contact Ken Jablon at jablonkt@aol.com.
 
As always: If the links do not work for you, you can always access the latest stories by logging on to CAA's web site.

If you have any questions, please send an e-mail to Ken Jablon or call Ken (during normal working hours) at 212-799-9525.

By the by: Don't forget to explore the rest of the CAA Web site. Just click on the home page menu buttons to find the news archive, photo album, membership directory, past In Memoriams and benefit information.

The Board of the Chase Alumni Association  
           
 
 





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