Security Trust Company of Rochester was a

bank 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 ...

headquartered in

Rochester, New York Rochester () is a City (New York), city in the U.S. state of New York (state), New York, the county seat, seat of Monroe County, New York, Monroe County, and the fourth-most populous in the state after New York City, Buffalo, New York, Buffalo, ...

. In 1983, the bank was acquired by Norstar Bank, which was acquired by

FleetBoston Financial FleetBoston Financial was a Boston, Massachusetts-based bank created in 1999 by the merger of Fleet Financial Group and BankBoston. In 2004 it merged with Bank of America; all of its banks and branches were converted to Bank of America. History ...

, which was in turn acquired by

Bank of America The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank w ...

. The bank managed trusts for some of the wealthiest individuals in Rochester, including

George Eastman George Eastman (July 12, 1854March 14, 1932) was an American entrepreneur who founded the Kodak, Eastman Kodak Company and helped to bring the photographic use of roll film into the mainstream. He was a major philanthropist, establishing the ...

, the founder of

Kodak The Eastman Kodak Company (referred to simply as Kodak ) is an American public company that produces various products related to its historic basis in analogue photography. The company is headquartered in Rochester, New York, and is incorpor ...

History

The bank was formed in 1892. The first

president President most commonly refers to: *President (corporate title) *President (education), a leader of a college or university *President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ful ...

of the bank was Hiram W. Sibley, whose father,

Hiram Sibley Hiram W. Sibley (February 6, 1807 – July 12, 1888), was an American industrialist, entrepreneur, and philanthropist who was a pioneer of the telegraph in the United States. Early life Sibley was born in North Adams, Massachusetts on February ...

, was one of the founders of

Western Union The Western Union Company is an American multinational financial services company, headquartered in Denver, Colorado. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, the company chang ...

. In 1981, a deadly shootout occurred at a

branch A branch, sometimes called a ramus in botany, is a woody structural member connected to the central trunk (botany), trunk of a tree (or sometimes a shrub). Large branches are known as boughs and small branches are known as twigs. The term '' ...

of the bank. Also in 1981, Erland E. "Erkie" Kailbourne was named president of the bank. In late 1983, the bank was acquired by Norstar Bancorp and became Security Norstar Bank. In 1987, the bank was fully integrated into Norstar and dropped the "Security" from its name. The first headquarters of the bank was demolished and replaced by the Rochester Riverside Convention Center. The second headquarters, a mid-century modern building with a unique crenelated roof on both the tower and connected banking office, still functions as the downtown Bank of America branch. The penthouse now serves as an event space for corporate rentals and private parties.

References

{{DEFAULTSORT:Security Trust Company Of Rochester Defunct banks of the United States Companies based in Rochester, New York Banks established in 1892 Defunct companies based in New York (state) 1892 establishments in New York (state) Bank of America legacy banks