3M vs JPMorgan Chase: Founders, CEOs and History

Company facts

Founders

CEOs and their tenures

Timeline: 3M and JPMorgan Chase side by side

1. 1799JPMorgan Chase

   Manhattan Company Chartered

   Aaron Burr and Alexander Hamilton led the effort to obtain a New York charter for the Manhattan Company.

2. 1871JPMorgan Chase

   Drexel, Morgan & Co. Formed

   J. Pierpont Morgan and Anthony Drexel formed Drexel, Morgan & Co. in New York. The partnership developed into J.P. Morgan & Co., creating the Morgan banking lineage that would remain separate from Chase until the companies combined in 2000.

3. 19023M

   Company Founded in Two Harbors, Minnesota

   Five Minnesota businessmen incorporate the Minnesota Mining and Manufacturing Company with the intention of mining corundum abrasive mineral from a deposit on the Lake Superior shore.

4. 1907JPMorgan Chase

   Panic of 1907

   During the Panic of 1907, J. Pierpont Morgan organized bankers and other private participants to support strained financial institutions. The episode became a defining part of the Morgan firm's history in an era before the Federal Reserve existed.

5. 19103M

   Relocation to Saint Paul and First Laboratory

   3M relocates its operations to Saint Paul, Minnesota, establishing the geographic base that it would maintain for the remainder of the twentieth century.

6. 19213M

   Wetordry Waterproof Sandpaper Introduced

   Researcher Francis Okie develops Wetordry waterproof sandpaper, the first 3M product to achieve significant commercial success by offering genuine technical differentiation from competing products.

7. 19253M

   Masking Tape Invented by Richard Drew

   Richard Drew, a 3M laboratory researcher who observed automotive painters struggling with imprecise color boundary masking, develops a pressure-sensitive masking tape that allows clean paint line definition without surface damage upon removal.

8. 19303M

   Scotch Transparent Tape Commercialized

   Richard Drew extends his adhesive tape work to create a transparent, pressure-sensitive tape initially called Scotch tape.

9. 1955JPMorgan Chase

   Chase Manhattan Created

   The Bank of the Manhattan Company merged with Chase National Bank to form Chase Manhattan Bank. This combination joined the firm's oldest 1799 predecessor with the Chase name and created the institution that later merged with J.P. Morgan.

10. 19623M

    Headquarters Moves to 3M Center in Maplewood

    After 52 years in St. Paul, 3M outgrew its campus and moved its headquarters to 3M Center in Maplewood, Minnesota, where it remains.

11. 19763M

    3M Added to the Dow Jones Industrial Average

    3M is added to the Dow Jones Industrial Average, reflecting its status as one of the defining companies of American industrial manufacturing.

12. 19803M

    Post-it Note Launched Nationally

    After a limited test market launch in 1977 and a national rollout beginning in 1980, Post-it Notes become one of the most successful new product launches in 3M history.

13. 19963M

    Imation Spin-off

    3M spun off its data storage and imaging businesses as Imation Corporation, shedding about 20% of its sales in product lines such as removable storage media and photographic film.

14. 2000JPMorgan Chase

    Chase and J.P. Morgan Merge

    Chase Manhattan and J.P. Morgan & Co. completed their merger, combining commercial and consumer banking with investment banking and institutional services. JPMorgan Chase identifies this transaction as the formation of the modern company.

15. 20023M

    Legal Name Changed to 3M Company

    On April 8, 2002, 3M's centennial year, Minnesota Mining and Manufacturing Company changed its legal name to 3M Company, adopting the abbreviation it had long used as its brand.

16. 2004JPMorgan Chase

    Bank One Merger

    JPMorgan Chase completed its $58.546 billion stock-for-stock merger with Bank One on July 1.

17. 2006JPMorgan Chase

    Jamie Dimon Becomes CEO

    Jamie Dimon succeeded William B. Harrison Jr. as chief executive on January 1. Dimon had joined JPMorgan Chase as president and chief operating officer when the Bank One merger closed and became chairman one year after becoming CEO.

18. 2008JPMorgan Chase

    Bear Stearns Acquired

    JPMorgan Chase completed its acquisition of Bear Stearns during the financial crisis.

19. 2008JPMorgan Chase

    Washington Mutual Operations Acquired

    After Washington Mutual Bank entered FDIC receivership, JPMorgan Chase paid $1.9 billion to acquire its banking operations, including assets, deposits, and qualified financial contracts under the transaction terms.

20. 20203M

    Record N95 Respirator Production During COVID-19

    3M expands N95 respirator production capacity at the onset of the COVID-19 pandemic, ultimately producing more than 2.5 billion respirators between January 2020 and year-end 2021.

21. 20233M

    Landmark PFAS and Combat Arms Settlements Announced

    3M announces separate landmark settlements addressing its two largest litigation liabilities: a $10.3 billion settlement with municipalities across the United States over PFAS water contamination, to be paid over thirteen years, and a $6.01 billion settlement…

22. 2023JPMorgan Chase

    First Republic Acquired from FDIC

    JPMorgan Chase acquired the substantial majority of First Republic Bank's assets and assumed deposits and certain liabilities from the FDIC.

23. 20243M

    Solventum Healthcare Spinoff Completed

    3M completes the spinoff of its healthcare business segment into a separately listed public company named Solventum Corporation in April 2024.

24. 20243M

    William Brown Appointed CEO

    William M. Brown, former chair and CEO of L3Harris Technologies, becomes 3M's Chief Executive Officer on May 1, 2024, succeeding Mike Roman, who became executive chairman.

25. 2025JPMorgan Chase

    FY2025 Net Revenue of $182.447B

    JPMorgan Chase reported U.S. GAAP total net revenue of $182.447 billion and net income of $57.048 billion. Its managed, fully taxable-equivalent segment presentation reported $185.581 billion of total net revenue across CCB, CIB, AWM, and Corporate.

26. 2026JPMorgan Chase

    Chase to Become Apple Card Issuer

    On January 7, 2026 Apple and Chase announced that Chase will replace Goldman Sachs as Apple Card issuer over about 24 months.

27. 2026JPMorgan Chase

    Co-Presidents Named

    Doug Petno and Troy Rohrbaugh were named co-presidents in June 2026, and Marianne Lake announced her retirement.

Acquisitions

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