Acquisition History / Chemical Bank / Texas Commerce Bank
Chemical Bank Acquires Texas Commerce Bank
Announced January 1987 — $1.20B
What happened
Texas Commerce Bank was a company, acquired by Chemical Bank for $1.2 billion.
- Acquirer
- Chemical Bank
- Target
- Texas Commerce Bank
- Announced
- January 1987
- Price
- $1.20B
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Chemical Bank acquire Texas Commerce Bank?
Chemical Bank acquired Texas Commerce Bank on January 1987. This was Chemical Bank's 1st publicly tracked acquisition out of 3 we have on record.
How much did Chemical Bank pay for Texas Commerce Bank?
Chemical Bank paid $1.20B for Texas Commerce Bank.
What does Texas Commerce Bank do?
Texas Commerce Bank was a company, acquired by Chemical Bank for $1.2 billion.
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