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Corn Exchange Bank
The Corn Exchange Bank was a retail bank founded in 1853 in New York state. Over the years, the company acquired many community banks. History In 1855, the Corn Exchange Bank moved into an existing building in New York City at the northwest corner of William and Beaver Streets in Manhattan. In 1894, the bank completed its new headquarters, an 11-story building designed by Robert Henderson Robertson located at 11-15 William Street. Between 1923 and 1925, together with a number of other New York banks, it held a small stake in the Connecticut-chartered Bank of Central and South America. In 1929, it was renamed the Corn Exchange Bank and Trust Company. In 1954, it merged with Chemical Bank and the combined entity took the name Chemical Corn Exchange Bank. After Chemical Corn merged with New York Trust Company in 1959, the words "Corn Exchange" were dropped, creating the Chemical Bank New York Trust Company. As late as 1928, photographs show that the Corn Exchange Bank had a br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Central And South America
The Bank of Central and South America was established in Connecticut in 1922. The next year it acquired some of the assets of the Mercantile Bank of the Americas (est. 1915), including its entire interest in the National Bank of Nicaragua, Banco Mercantil de Costa Rica, Banco Mercantil Americano del Peru, Banco Mercantil Americano de Caracas and Banco Mercantil Americano de Colombia. It had a branch in Hamburg, and 22 branches in Latin America, including four in Venezuela, six in Peru, eight in Colombia, four in Nicaragua, and one in Costa Rica. The shareholders of the bank included the firms of J.P. Morgan & Company, the Guaranty Trust Company, Brown Brothers and Company, J. and W. Seligman and Company, the Corn Exchange Bank, the Mechanics and Metals National Bank, W.R. Grace and Company, and other interests. Despite its connections and experienced officers, the bank was not successful and in 1925 the Royal Bank of Canada Royal Bank of Canada (RBC; french: Banque royale ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1853
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 anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mount Morris Bank Building
The Mount Morris Bank Building, also referred to as the Corn Exchange Bank (Mount Morris Branch) and Corn Exchange Building, is an historic building in the East Harlem neighborhood of Manhattan, New York City, located at 81-85 East 125th Street on the northwest corner of Park Avenue. Although an architectural standout when new in 1883, by the late 1970s it was vacant, and remained so for three decades, vandalized and deteriorating. In 2009 the city demolished, for safety, most of what remained after a 1997 fire, but in 2012 a developer undertook to rebuild it for commercial occupancy, and the building reopened in May 2015. The building was added to the National Register of Historic Places in 1989, and was designated a New York City Landmark in 1993. The banking years The Mount Morris Bank was organized in December 1880 when Harlem was being transformed from a suburb into an urban residential neighborhood, connected to downtown commercial and residential districts by the new ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pennsylvania Station (1910–1963)
Pennsylvania Station, often abbreviated to Penn Station, was a historic railroad station in New York City, named for the Pennsylvania Railroad (PRR), its builder and original tenant. The station occupied an plot bounded by Seventh and Eighth Avenues and 31st and 33rd Streets in Midtown Manhattan. As the station shared its name with several stations in other cities, it was sometimes called New York Pennsylvania Station. The building was designed by McKim, Mead, and White and completed in 1910, enabling direct rail access to New York City from the south for the first time. Its head house and train shed were considered a masterpiece of the Beaux-Arts style and one of the great architectural works of New York City. The station contained 11 platforms serving 21 tracks, in approximately the same layout as the current Penn Station. The original building was one of the first stations to include separate waiting rooms for arriving and departing passengers, and when built, these were ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York City Landmarks Preservation Commission
The New York City Landmarks Preservation Commission (LPC) is the New York City agency charged with administering the city's Landmarks Preservation Law. The LPC is responsible for protecting New York City's architecturally, historically, and culturally significant buildings and sites by granting them landmark or historic district status, and regulating them after designation. It is the largest municipal preservation agency in the nation. , the LPC has designated more than 37,000 landmark properties in all five boroughs. Most of these are concentrated in historic districts, although there are over a thousand individual landmarks, as well as numerous interior and scenic landmarks. Mayor Robert F. Wagner Jr. first organized a preservation committee in 1961, and the following year, created the LPC. The LPC's power was greatly strengthened after the Landmarks Law was passed in April 1965, one and a half years after the destruction of Pennsylvania Station. The LPC has been involved ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greenwich Village
Greenwich Village ( , , ) is a neighborhood on the west side of Lower Manhattan in New York City, bounded by 14th Street to the north, Broadway to the east, Houston Street to the south, and the Hudson River to the west. Greenwich Village also contains several subsections, including the West Village west of Seventh Avenue and the Meatpacking District in the northwest corner of Greenwich Village. Its name comes from , Dutch for "Green District". In the 20th century, Greenwich Village was known as an artists' haven, the bohemian capital, the cradle of the modern LGBT movement, and the East Coast birthplace of both the Beat and '60s counterculture movements. Greenwich Village contains Washington Square Park, as well as two of New York City's private colleges, New York University (NYU) and The New School. Greenwich Village is part of Manhattan Community District 2, and is patrolled by the 6th Precinct of the New York City Police Department. Greenwich Village has underg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seventh Avenue (Manhattan)
Seventh Avenue – co-named Fashion Avenue in the Garment District, Manhattan, Garment District and known as Adam Clayton Powell Jr. Boulevard north of Central Park – is a thoroughfare on the West Side of the borough (New York City), borough of Manhattan in New York City. It is southbound below Central Park and a two-way street north of the park. Seventh Avenue originates in the West Village, Manhattan, West Village at Clarkson Street, where Varick Street becomes Seventh Avenue South (which becomes Seventh Avenue proper after the road crosses Greenwich Avenue and 11th Street (Manhattan), West 11th Street). It is interrupted by Central Park from 59th Street (Manhattan), 59th to 110th Street (Manhattan), 110th Street. Artisans' Gate is the 59th Street exit from Central Park to Seventh Avenue. North of Warriors' Gate at the north end of the Park, the avenue carries traffic in both directions through Harlem, where it is called Adam Clayton Powell Jr. Boulevard. Addresse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chemical Bank New York Trust Company
The Corn Exchange Bank was a retail bank founded in 1853 in New York state. Over the years, the company acquired many community banks. History In 1855, the Corn Exchange Bank moved into an existing building in New York City at the northwest corner of William and Beaver Streets in Manhattan. In 1894, the bank completed its new headquarters, an 11-story building designed by Robert Henderson Robertson located at 11-15 William Street. Between 1923 and 1925, together with a number of other New York banks, it held a small stake in the Connecticut-chartered Bank of Central and South America. In 1929, it was renamed the Corn Exchange Bank and Trust Company. In 1954, it merged with Chemical Bank and the combined entity took the name Chemical Corn Exchange Bank. After Chemical Corn merged with New York Trust Company in 1959, the words "Corn Exchange" were dropped, creating the Chemical Bank New York Trust Company. As late as 1928, photographs show that the Corn Exchange Bank had a br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Trust Company
The New York Trust Company was a large trust and wholesale-banking business that specialized in servicing large industrial accounts. It merged with the Chemical Corn Exchange Bank and eventually the merged entity became Chemical Bank. History On April 3, 1889, the New York Security and Trust Company received its certificate of authorization and was formed with Charles S. Fairchild as the first president and "original capital" of $1,000,000. Fairchild, a former Attorney General of New York (under Governors Samuel J. Tilden and Lucius Robinson), was serving as the 38th United States Secretary of the Treasury (under President Grover Cleveland) immediately before the company's formation. Fairchild had previously been a partner in the Boston Brahmin investment banking firm of Lee, Higginson & Co. Merger with Continental Trust Company, 1904 In 1904, the New York Security and Trust Company merged with the Continental Trust Company (which had been organized in 1890) under the New York ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chemical Bank
Chemical Bank was a bank with headquarters in New York City from 1824 until 1996. At the end of 1995, Chemical was the third-largest bank in the U.S., with about $182.9 billion in assets and more than 39,000 employees around the world. Beginning in 1920 and accelerating in the 1980s and 1990s, Chemical was a leading consolidator of the U.S. banking industry, acquiring Chase Manhattan Bank, Manufacturers Hanover, Texas Commerce Bank and Corn Exchange Bank among others. After 1968, the bank operated as the primary subsidiary of a bank holding company that was eventually renamed Chemical Banking Corporation. In 1996, Chemical acquired Chase Manhattan Corporation in a merger valued at $10 billion to create the largest financial institution in the United States. Although Chemical was the acquiring company and the nominal survivor, the merged bank adopted the Chase name, which was considered to be better known, particularly internationally. Overview of the company Chemical Bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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