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United States National Bank
The United States National Bank of Galveston SNBwas a federally chartered bank in Galveston, Texas. It was founded in 1874 and was merged into Frost National Bank in 2000. It was the last of 33 banks chartered in the US that used the forbidden title "United States" in its name. History The bank was founded in 1874 by the Kempner family as Island City Savings Bank. In 1902 the decision was made to rename the bank the Texas Bank & Trust Company. Finally, on December 31, 1923 the bank would receive its last name, United States National Bank. The Galveston bank would be the last to be chartered using this name, as in 1926 the United States Congress banned the use of the words "Reserve", "United States" and "Federal" in bank titles. Under a grandfather clause, banks that already had titles incorporating those words were allowed to keep them. On May 3, 1982, Cullen/Frost Bankers, Inc. issued shares of common and redeemable preferred stock for all of the outstanding preferred and ...
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Galveston, Texas
Galveston ( ) is a coastal resort city and port off the Southeast Texas coast on Galveston Island and Pelican Island in the U.S. state of Texas. The community of , with a population of 47,743 in 2010, is the county seat of surrounding Galveston County and second-largest municipality in the county. It is also within the Houston–The Woodlands–Sugar Land metropolitan area at its southern end on the northwestern coast of the Gulf of Mexico. Galveston, or Galvez' town, was named after 18th-century Spanish military and political leader Bernardo de Gálvez y Madrid, Count of Gálvez (1746–1786), who was born in Macharaviaya, Málaga, in the Kingdom of Spain. Galveston's first European settlements on the Galveston Island were built around 1816 by French pirate Louis-Michel Aury to help the fledgling empire of Mexico fight for independence from Spain, along with other colonies in the Western Hemisphere of the Americas in Central and South America in the 1810s and 1820s. The Po ...
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Finance And Insurance
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g. Japan), non-financial s ...
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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 ...
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Late 19th And 20th Century Revivals Architecture
In the United States, the National Register of Historic Places classifies its listings by various types of architecture. Listed properties often are given one or more of 40 standard architectural style classifications that appear in the National Register Information System (NRIS) database. Other properties are given a custom architectural description with "vernacular" or other qualifiers, and others have no style classification. Many National Register-listed properties do not fit into the several categories listed here, or they fit into more specialized subcategories. Complete list of architectural style codes The complete list of the 40 architectural style codes in the National Register Information System—NRIS follows: Selected NRIS styles Some selected National Register Information System (NRIS) styles, with examples, include: Federal architecture Federal architecture was the classicizing architecture style built in the newly founded United States between c. 1780 and ...
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Frost National Bank
Frost Bank is a Texas-chartered bank based in San Antonio with 155 Branch (banking), branches and 1,700 automated teller machines, all of which are in Texas. It is the primary subsidiary of Cullen/Frost Bankers, Inc., a bank holding company. It is on the list of largest banks in the United States. History Early years Frost Bank was founded in 1868 as a mercantile partnership in San Antonio by Thomas Claiborne Frost, who had served as a lieutenant colonel in the Confederate States Army. In February 1899, it was chartered as a national banking association. That year, the bank also reached $1 million in deposits.(Worth about $35,216,385.54 with modern day inflation) The bank survived the Panic of 1907 with the aid of an association of local banks and by 1921, sold shares to outside investors for the first time. Frost continued to grow with construction of a 12-story building in 1921, which was the tallest building in Texas at the time. By 1926, Joseph Hardin Frost, brother of T.C. ...
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Issac Herbert Kempner
Isaac Herbert Kempner (January 14, 1873 – August 1, 1967) was the founder of the Imperial Sugar Corporation and mayor of Galveston, Texas. Early years Kempner was born in 1873 in Cincinnati, Ohio. His father was a Polish Jewish immigrant and his mother was from the German Jewish Seinsheimer family in Cincinnati. Kempner was the eldest of eight surviving children. He studied at Washington and Lee University, but left just before graduation when his father died in 1894. Kempner returned to his family home in Galveston, Texas to assume control of the family business and care for his mother and seven siblings (who were as young as 2 years old at the time). In 1902, Kempner married Henrietta Blum. They had 5 children together: Harris Leon Kempner, Isaac Herbert Kempner Jr., Cecile, Lyda, and Leonora. Business ventures In 1905, Kempner and fellow Galveston businessman William Lewis Moody Jr., established the American National Insurance Company; However, by 1908, Kempner had sol ...
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Isaac Herbert Kempner
Isaac Herbert Kempner (January 14, 1873 – August 1, 1967) was the founder of the Imperial Sugar Corporation and mayor of Galveston, Texas. Early years Kempner was born in 1873 in Cincinnati, Ohio. His father was a Polish Jewish immigrant and his mother was from the German Jewish Seinsheimer family in Cincinnati. Kempner was the eldest of eight surviving children. He studied at Washington and Lee University, but left just before graduation when his father died in 1894. Kempner returned to his family home in Galveston, Texas to assume control of the family business and care for his mother and seven siblings (who were as young as 2 years old at the time). In 1902, Kempner married Henrietta Blum. They had 5 children together: Harris Leon Kempner, Isaac Herbert Kempner Jr., Cecile, Lyda, and Leonora. Business ventures In 1905, Kempner and fellow Galveston businessman William Lewis Moody Jr., established the American National Insurance Company; However, by 1908, Kempner had so ...
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National Register Of Historic Places Listings In Galveston County, Texas
This is intended to be a complete list of properties and districts listed on the National Register of Historic Places in Galveston County, Texas. There are 10 districts, 70 individual properties, and four former properties listed on the National Register in the county. Two districts and one individually listed property are National Historic Landmarks. One district and six individually listed properties are State Antiquities Landmarks. Seventy-two properties are Recorded Texas Historic Landmarks including one property that contains two while four districts contain many more. Many of the below locations survived the Galveston hurricane of 1900 while all former listings were victims of later hurricanes. Current listings The publicly disclosed locations of National Register properties and districts may be seen in a mapping service provided. Former listings Four sites have been removed from the Reg ...
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Companies Based In Galveston, Texas
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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National Register Of Historic Places In Galveston County, Texas
This is intended to be a complete list of properties and districts listed on the National Register of Historic Places in Galveston County, Texas. There are 10 districts, 70 individual properties, and four former properties listed on the National Register in the county. Two districts and one individually listed property are National Historic Landmarks. One district and six individually listed properties are State Antiquities Landmarks. Seventy-two properties are Recorded Texas Historic Landmarks including one property that contains two while four districts contain many more. Many of the below locations survived the Galveston hurricane of 1900 while all former listings were victims of later hurricanes. Current listings The publicly disclosed locations of National Register properties and districts may be seen in a mapping service provided. Former listings Four sites have been removed from the Reg ...
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Defunct Banks Of The United States
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Banks Established In 1874
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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