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Barnett Bank
Barnett Bank was an American bank based in Florida. Founded in 1877, it eventually became the largest commercial bank in Florida with over 600 offices and $41.2 billion in deposits. Barnett was purchased by NationsBank in 1997.Ginzl, David: "The Last Days of Barnett", '' Jacksonville Magazine'', October 1998 History Foundation William Boyd Barnett was a merchant and a banker in northeast Kansas when he journeyed with his wife to Jacksonville to visit their oldest son in 1875. Sarah Barnett's health improved during their time in Florida, so the Barnetts returned to Kansas, liquidated their assets, and relocated to Jacksonville in March, 1877. Bion, their youngest son, was a senior at the University of Kansas and withdrew from school to join his parents.Ginzl, David J.: "Barnett: The Story of Florida's Bank" , University of Tampa Press, 2001 In the spring of 1877, the United States was in the middle of the Depression of 1873-79, and Jacksonville already had three banks. The city ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Fire Of 1901
The Great Fire of 1901 was a conflagration that occurred in Jacksonville, Florida on May 3, 1901. It was one of the worst disasters in Florida history and the third largest urban fire in the U.S., next to the Great Chicago Fire, and the 1906 San Francisco fire. Fire Origin In 1901, Jacksonville was a city which consisted mainly of wooden buildings with wood shingled roofs. The city itself had been suffering under a prolonged drought, leaving the building exteriors across the city dry and fire-prone. At around noon on Friday, May 3, 1901, workers at the Cleaveland Fibre Factory, located on the corner of Beaver and Davis Streets, left for lunch. Several minutes later, sparks from the chimney of a nearby building started a fire in a pile of Spanish moss that had been laid out to dry. First, factory workers tried to put it out with a few buckets of water, as they had frequently done on similar occasions. However, the blaze was soon out of control due to the wind picking up out of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Florida National Bank
Florida National Bank (FNB), founded in 1905, was the second largest commercial bank in Florida. Florida National Group was acquired in 1990 by First Union Corporation, which was renamed Wachovia in 2001; Wachovia was subsequently acquired by Wells Fargo in 2008. History Early years Samuel Hubbard's Mercantile Exchange Bank eventually became Florida National Bank after Jacksonville's Great Fire of 1901. Millionaire Alfred I. du Pont acquired a major interest in the FNB shortly after moving to Jacksonville in the mid-1920s, but he was unable to gain control until the Great Depression struck in 1929. The FNB stayed solvent throughout the 1930s because du Pont put $15 million of his own money into the institution to cover Bank runs.Florida Department of St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Union
First Union Corporation was a bank holding company that provided commercial and retail banking services in eleven states in the eastern U.S. First Union also provided various other financial services, including mortgage banking, credit card, investment banking (First Union Securities), investment advisory, home equity lending, asset-based lending, leasing, insurance, international and securities brokerage services and private equity (First Union Capital Partners), through other subsidiaries. In September 2001, First Union completed their acquisition of Wachovia National Bank to become Wachovia Corporation, which used to be one of the largest financial holding companies in the US. As of the end of 2000, First Union had over $171 billion of total assets, over 70,000 employees and 2,193 branches. After their acquisition of Wachovia, they assumed the name and stock ticket symbol of the latter company. History First Union Corporation was founded as Union National Bank on June 2, 190 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlantic National Bank
The Atlantic National Bank was an American bank based in Jacksonville, Florida. It existed from 1903 until 1985, when it was acquired by First Union. Subsequently, First Union changed its name to Wachovia Corporation when it also acquired Wachovia National Bank, then the merged company was acquired by Wells Fargo in 2008. The company constructed two significant buildings in Downtown Jacksonville: 121 Atlantic Place (formerly the Atlantic National Bank Building) and the Schultz Building (formerly the Atlantic National Bank Annex). History Founded in 1903 by Edward W. Lane, railroad magnate Thomas P. Denham, and Fred W. Hoyt, Atlantic National Bank was one of the most significant locally based banking institutions of its era. As time passed the bank went national, and developed correspondent relationships with banks in other regions of the country, including Wells Fargo in San Francisco. The bank was initially located in the Dyal-Upchurch Building in Downtown Jacksonville, but ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of America Tower (Jacksonville)
Bank of America Tower (originally Barnett Center) is a skyscraper in the downtown area of Jacksonville, Florida, at the northwest corner of Bay and Laura streets. At , it is the tallest building in Jacksonville, and the seventeenth-tallest in Florida (the tallest ten all being in Miami). It was built as the headquarters of Barnett Bank and originally named Barnett Center, but the name was changed to NationsBank Tower in 1998 after Barnett Bank was acquired by NationsBank. NationsBank was soon acquired by Bank of America and the building's name was changed to Bank of America Tower in 1999. The 42-floor structure was designed by German-American architect Helmut Jahn, and is constructed of reinforced concrete. Gallery File:LaurastBOAT.jpg, Entrance to the tower File:BOATowerJacksonville-Feb2010-a.JPG, View of the tower in 2010 File:Bofatower.jpg File:Bofajax.jpeg, View from Hogan and Church Streets See also *Architecture of Jacksonville *List of tallest buildings in Jackson ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Downtown
''Downtown'' is a term primarily used in North America by English speakers to refer to a city's sometimes commercial, cultural and often the historical, political and geographic heart. It is often synonymous with its central business district (CBD). Downtowns typically contain a small percentage of a city’s employment. In some metropolitan areas it is marked by a cluster of tall buildings, cultural institutions and the convergence of rail transit and bus lines. In British English, the term " city centre" is most often used instead. History Origins The Oxford English Dictionary's first citation for "down town" or "downtown" dates to 1770, in reference to the center of Boston. Some have posited that the term "downtown" was coined in New York City, where it was in use by the 1830s to refer to the original town at the southern tip of the island of Manhattan.Fogelson, p. 10. As the town of New York grew into a city, the only direction it could grow on the island was toward the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mergers
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brand Recognition
Brand awareness is the extent to which customers are able to recall or recognize a brand under different conditions. Brand awareness is one of two dimensions from brand knowledge, an associative network memory model. Brand awareness is a key consideration in Consumer Behaviour, consumer behavior, advertising management, and brand management. The consumer's ability to recognize or recall a brand is central to purchasing decision-making. Purchasing cannot proceed unless a consumer is first aware of a product category and a brand within that category. Awareness does not necessarily mean that the consumer must be able to recall a specific brand name, but they must be able to recall enough distinguishing features for purchasing to proceed. Creating brand awareness is the main step in advertising a new product or bringing back the older brand in light. Brand awareness consists of two components: brand recall and brand recognition. Several studies have shown that these two components oper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Georgia (U
Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to the country in the Caucasus ** Kingdom of Georgia, a medieval kingdom ** Georgia within the Russian Empire ** Democratic Republic of Georgia, established following the Russian Revolution ** Georgian Soviet Socialist Republic, a constituent of the Soviet Union * Related to the US state ** Province of Georgia, one of the thirteen American colonies established by Great Britain in what became the United States ** Georgia in the American Civil War, the State of Georgia within the Confederate States of America. Other places * 359 Georgia, an asteroid * New Georgia, Solomon Islands * South Georgia and the South Sandwich Islands Canada * Georgia Street, in Vancouver, British Columbia, Canada * Strait of Georgia, British Columbia, Canada United K ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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