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Girard Trust Company
Girard Bank was a Philadelphia-based bank founded after the death of Stephen Girard in 1831 by local merchants eager to trade on the sterling reputation of their namesake. Stephen Girard neither founded the bank, nor had any financial ties to the bank that bore his name. The bank was acquired by Mellon Bank in 1983 and then, two decades later, by Citizens Bank. Founding and early history After the charter for the First Bank of the United States expired in 1811, Stephen Girard purchased most of its stock and its facilities on South Third Street in Philadelphia, then reorganized it under his direct personal control. He hired George Simpson, the cashier of the First Bank, as cashier of the new bank, and with seven other employees, opened for business on May 18, 1812. He allowed the Trustees of the First Bank of the United States to use some offices and space in the vaults to continue the process of winding down the affairs of the closed bank at a very nominal rent. Although Pe ...
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Girard Bank Logo
Girard may refer to: Places in the United States *Girard, Alabama *Girard, Georgia *Girard, Illinois *Girard, Kansas * Girard, Michigan * Girard, Minnesota *Girard, Ohio *Girard, Pennsylvania * Girard, Texas * Girard, West Virginia *Girard Township, Macoupin County, Illinois *Girard Township, Michigan * Girard Township, Minnesota *Girard Township, Erie County, Pennsylvania *Girard Township, Clearfield County, Pennsylvania * Girard Avenue, a street in Philadelphia, Pennsylvania, served by two SEPTA stations: **Girard station (Broad Street Line), a subway station on serving the Broad Street Line **Girard station (SEPTA Market-Frankford Line), a rapid transit station on Market-Frankford Line **SEPTA Route 15, a trolley line also known as the Girard Avenue Line *Woodland Hills, Los Angeles, California, was known as Girard until 1941 People with the given name * Girard I of Roussillon (died 1113), count of Roussillon * Girard II of Roussillon (died 1172), count of Roussillon * Gerard la ...
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Banks Based In Pennsylvania
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 ...
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Banks Disestablished In 1983
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 ...
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Banks Established In 1811
A bank is a financial institution that accepts Deposit account, 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 Bank regulation, 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 accounting liquidity, 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 concept ...
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Stephen Simpson (writer)
Stephen Simpson (July 24, 1789 – August 17, 1854) was born in Philadelphia, the son of George Simpson, a prominent Philadelphia banker. During the War of 1812 he fought in the Battle of New Orleans under General Andrew Jackson. Through his father's connections Stephen became a cashier at the First Bank of the United States where he soon resigned and went to work at Stephen Girard's bank. Soon after he worked as a writer for a local newspaper where he wrote a series of editorials publicly attacking the First Bank of the United States. He later co-founded the ''Columbian Observer'' where he continued his public attacks on this bank. Simpson later preferred writing over political pursuits and is also noted for his other works which include a dual biography of George Washington and Thomas Jefferson and another biography critical of prominent Philadelphia banker Girard. Simpson, 1859, pp. 893–895 Simpson's social and political philosophy embraced both conservative and radic ...
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Philadelphia National Bank
CoreStates Financial Corporation, previously known as Philadelphia National Bank (PNB), was an American bank holding company in the Philadelphia, Pennsylvania, metropolitan area. The bank was renamed in the mid-1980s after a series of mergers. After being acquired by First Union Corporation, which later also acquired Wachovia National Bank to become Wachovia Corporation, CoreStates Financial Corporation became a part of Wells Fargo in 2008 when Wachovia (formerly known as First Union) was acquired by that company. History Philadelphia National Bank and First Pennsylvania Bank The bank was founded in Philadelphia on September 8, 1803, as The Philadelphia Bank. George Clymer was the bank's first president. Later, the bank became known as Philadelphia National Bank, or PNB. During the early years of the United States, Philadelphia developed as the banking center of the country. The First Bank of the United States chartered in 1791, was based in the city until its charter expired i ...
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Automated Teller Machine
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of names, including automatic teller machine (ATM) in the United States (sometimes redundantly as "ATM machine"). In Canada, the term ''automated banking machine'' (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM over ABM. In British English, the terms ''cashpoint'', ''cash machine'' and ''hole in the wall'' are most widely used. Other terms include ''any time money'', ''cashline'', ''tyme machine'', ''cash dispenser'', ''cash corner'', ''bankomat'', or ''bancomat''. ATMs that are not operated by a financial i ...
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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 ...
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The Ritz-Carlton Philadelphia
The Ritz-Carlton Philadelphia is a luxury hotel and residential complex in Center City, Philadelphia, Pennsylvania, United States. It comprises three adjoining buildings: the Girard Trust Bank, at the northwest corner of South Broad & Chestnut Streets; the Girard Trust Building, at the southwest corner of South Broad Street & South Penn Square; and The Residences at the Ritz Carlton, at 1414 South Penn Square. Girard Trust Company Girard Trust Company – also known as Girard Trust Corn Exchange Bank Building – was built as the headquarters and main branch of the Girard Trust Company, a company founded in 1811. The Beaux Arts building was inspired by the Pantheon in Rome, and was conceived by architect Frank Furness.George E. Thomas, et al., ''Frank Furness: The Complete Works'', (New York: Princeton Architectural Press, 1996), pp. 338-39. The commission was shared between the Philadelphia firm of Furness, Evans & Company and the New York firm of McKim, Mead & White. ...
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McKim, Mead & White
McKim, Mead & White was an American architectural firm that came to define architectural practice, urbanism, and the ideals of the American Renaissance in fin de siècle New York. The firm's founding partners Charles Follen McKim (1847–1909), William Rutherford Mead (1846–1928) and Stanford White (1853–1906) were giants in the architecture of their time, and remain important as innovators and leaders in the development of modern architecture worldwide. They formed a school of classically trained, technologically skilled designers who practiced well into the mid-twentieth century. According to Robert A. M. Stern, only Frank Lloyd Wright was more important to the identity and character of modern American architecture. The firm's New York City buildings include Manhattan's former Pennsylvania Station, the Brooklyn Museum, and the main campus of Columbia University. Elsewhere in New York State and New England, the firm designed college, library, school and other buildings such ...
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Frank Furness
Frank Heyling Furness (November 12, 1839 - June 27, 1912) was an American architect of the Victorian era. He designed more than 600 buildings, most in the Philadelphia area, and is remembered for his diverse, muscular, often unordinarily scaled buildings, and for his influence on the Chicago architect Louis Sullivan. Furness also received a Medal of Honor for bravery during the American Civil War, Civil War. Toward the end of his life, his bold style fell out of fashion, and many of his significant works were demolished in the 20th century. Among his most important surviving buildings are the University of Pennsylvania Library (now the Fisher Fine Arts Library), the Pennsylvania Academy of the Fine Arts, and the First Unitarian Church of Philadelphia, all in Philadelphia, Pennsylvania, and the Baldwin School Residence Hall in Bryn Mawr, Pennsylvania, Bryn Mawr. Biography Furness was born in Philadelphia on November 12, 1839. His father, William Henry Furness, was a prominent Un ...
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