At that time the bank's headquarters were located in the western town of Kisumu, approximately 340 kilometres (210 mi), by road, northwest of Nairobi, Kenya's capital and largest city.

Over the years, Chase Bank (Kenya) has progressively improved its bottom line by growing its customer base and increasing its profitability.

[8] In April 2016, the bank was put under statutory management by the CBK following what it termed 'unsafe financial conditions'.

This deal included 75% of deposits, bank staff and branches and merging them with the operations of its Kenyan subsidiary, SBM Kenya.

The remaining assets and liabilities were then transferred to Kenya Deposit Insurance Corporation for liquidation.

[14] In March 2013, Amethis Finance, a development finance company based in Paris, France, invested US$10.5 million (KES:900 million) into the bank, thereby taking an equity position in Chase Bank (Kenya).