Walter V. Shipley
Encyclopedia
Walter V. Shipley was the former Chairman and Chief Executive Officer of Chase Manhattan Bank
and its predecessor Chemical Bank. Shipley was named chief executive of Chemical in 1981 and held the position through 1999 and remained at the bank as chairman through January 2000, just prior to the bank's merger with J.P. Morgan & Co.
. During his 18-year tenure, Shipley oversaw Chemical's mergers with Texas Commerce Bank
in 1987, Manufacturers Hanover in 1991 and Chase Manhattan Bank
in 1996.
Shipley was a rumored candidate for Secretary of the Treasury in 2000 but was passed over in favor of Paul H. O'Neill. Shipley was also a member of the board of Lincoln Center.
Shipley was the son of noted investment banker Linwood Parks Shipley, a former partner in the investment banking firm of Brown Brothers Harriman & Company.
Chase Manhattan Bank
JPMorgan Chase Bank, N.A., doing business as Chase, is a national bank that constitutes the consumer and commercial banking subsidiary of financial services firm JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000...
and its predecessor Chemical Bank. Shipley was named chief executive of Chemical in 1981 and held the position through 1999 and remained at the bank as chairman through January 2000, just prior to the bank's merger with J.P. Morgan & Co.
J.P. Morgan & Co.
J.P. Morgan & Co. was a commercial and investment banking institution based in the United States founded by J. Pierpont Morgan and commonly known as the House of Morgan or simply Morgan. Today, J.P...
. During his 18-year tenure, Shipley oversaw Chemical's mergers with Texas Commerce Bank
Texas Commerce Bank
The Texas Commerce Bank was a Texas-based bank acquired by Chemical Banking Corporation of New York in May 1987...
in 1987, Manufacturers Hanover in 1991 and Chase Manhattan Bank
Chase Manhattan Bank
JPMorgan Chase Bank, N.A., doing business as Chase, is a national bank that constitutes the consumer and commercial banking subsidiary of financial services firm JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000...
in 1996.
Shipley was a rumored candidate for Secretary of the Treasury in 2000 but was passed over in favor of Paul H. O'Neill. Shipley was also a member of the board of Lincoln Center.
Shipley was the son of noted investment banker Linwood Parks Shipley, a former partner in the investment banking firm of Brown Brothers Harriman & Company.