The Union Bank of Delaware was a bank that operated in
Wilmington, Delaware
Wilmington (Lenape: ''Paxahakink /'' ''Pakehakink)'' is the largest city in the U.S. state of Delaware. The city was built on the site of Fort Christina, the first Swedish settlement in North America. It lies at the confluence of the Christina ...
, from 1839 until its acquisition by
Wilmington Trust
Wilmington Trust is one of the top 10 largest American institutions by fiduciary assets. Wilmington Trust is currently a provider of international corporate and institutional services, investment management, and private banking. The firm was foun ...
in 1943.
It was chartered as a state bank on February 15, 1839, and was "soon recognized as one of the leading financial institutions in the state".
On June 20, 1865, it was certified as a national bank and subsequently renamed the Union National Bank.
In January 1887, it was reorganized as a National Bank.
Among its founding commissioners were
Edward Tatnall,
James A. Bayard Jr.
James Asheton Bayard Jr. (November 15, 1799 – June 13, 1880) was an American lawyer and politician from Delaware. He was a member of the Democratic Party and served as U.S. Senator from Delaware.
Early life
Bayard was born in Wilmington, ...
,
William Lea, and
Mahlon Betts
Mahlon Betts (1795–1867) was a carpenter, railroad car builder, shipwright, businessman, banker, and legislator who helped found three of Wilmington, Delaware's major manufacturing enterprises: the Harlan and Hollingsworth Company, the Pusey a ...
.
James Price was its first chairman. Its first cashier was
William P. Brobson.
James Canby was an early president. Later officers included
Isaac Starr
Isaac "Jack" Starr (March 6, 1895 – June 22, 1989), known as the father of ballistocardiography, was an American physician, heart disease specialist, and Epidemiology, clinical epidemiologist notable for developing the first practical ballistoca ...
,
Victor Du Pont, and
Preston Lea
Preston Lea (November 12, 1841 – December 4, 1916) was an American businessman and politician from Wilmington, in New Castle County, Delaware. He was a member of the Republican Party who served as Governor of Delaware.
Early life and family
Le ...
.
In 1943, the bank was acquired by
Wilmington Trust
Wilmington Trust is one of the top 10 largest American institutions by fiduciary assets. Wilmington Trust is currently a provider of international corporate and institutional services, investment management, and private banking. The firm was foun ...
.
Notes
{{reflist
History of Delaware
Defunct banks of the United States
Banks established in 1839
Defunct companies based in Delaware
Banks disestablished in 1943
1839 establishments in Delaware
American companies established in 1839
1943 disestablishments in Delaware
1943 mergers and acquisitions