diff --git a/conservancy_beancount/reconcile/statement_reconciler.py b/conservancy_beancount/reconcile/statement_reconciler.py
index 87865cc1741f0bb3284f8dbf9d9d2025d6e064bc..c399d4c3f2b3eb2ca11bcf3aa67d43829245c304 100644
--- a/conservancy_beancount/reconcile/statement_reconciler.py
+++ b/conservancy_beancount/reconcile/statement_reconciler.py
@@ -290,7 +290,7 @@ def standardize_chase_record(row: Dict, line: int) -> Dict:
         # various transaction types:
         # https://github.com/mtlynch/beancount-chase-bank/blob/master/beancount_chase/checking.py
         # See also: https://awesome-beancount.com/
-        'payee': (row['Description'] or '').replace('ORIG CO NAME:')[:20],
+        'payee': (row['Description'] or '').replace('ORIG CO NAME:', '')[:20],
         'check_id': '',
         'line': line,
     }