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Bank Of California
The Bank of California was opened in San Francisco, California, on July 4, 1864, by William Chapman Ralston and Darius Ogden Mills. It was the first commercial bank in the Western United States, the second-richest bank in the nation, and considered instrumental in developing the American Old West. History The ancestor of the bank was the banking firm of Garrison, Morgan, Fretz & Ralston, established in San Francisco in January 1856 by a group that included Ralston, Cornelius K. Garrison and R.S. Fretz. Ralston established the Bank of California in 1864 when he sold shares to 22 of the state's leading businessmen for $100 a share. The bank opened on July 4, 1864, with Darius Ogden Mills as president and Ralston as cashier; Louis McLane was on the board of directors. A branch was opened in Gold Hill, Nevada, near Virginia City, on September 4, 1864. William Sharon was long the bank's Nevada agent. Built of stone quarried on nearby Angel Island in San Francisco Bay, the Bank ...
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Banc Of California
Banc of California is a bank serving the state of California with over 30 branches in Southern California, extending from San Diego to Santa Barbara. The bank is headquartered in Santa Ana, California in Orange County, with over 600 employees and 36 offices. History The Banc of California was founded in 1941 as the Rohr Employees Federal Credit Union, serving employees of the Rohr Aircraft plant in Chula Vista, California. The credit union was renamed the Pacific Trust Federal Credit Union in 1995, which itself was renamed the Pacific Trust Bank in 2000, becoming a mutually owned federal savings bank. The Pacific Trust Bank was made into a subsidiary of First PacTrust Bancorp Inc. in 2002. First PacTrust Bancorp, Inc. and Beach Business Bank completed their merger in 2012. The company's two banking subsidiaries, Pacific Trust Bank and The Private Bank of California, were merged to form the Banc of California in 2013. The bank also hired former Los Angeles mayor Antonio Villar ...
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Comstock Lode
The Comstock Lode is a lode of silver ore located under the eastern slope of Mount Davidson, a peak in the Virginia Range in Virginia City, Nevada (then western Utah Territory), which was the first major discovery of silver ore in the United States and named after American miner Henry Comstock. After the discovery was made public in 1859, it sparked a silver rush of prospectors to the area, scrambling to stake their claims. The discovery caused considerable excitement in California and throughout the United States, the greatest since the California Gold Rush in 1849. Mining camps soon thrived in the vicinity, which became bustling commercial centers, including Virginia City and Gold Hill. The Comstock Lode is notable not just for the immense fortunes it generated and the large role those fortunes had in the growth of Nevada and San Francisco, but also for the advances in mining technology that it spurred, such as square set timbering and the Washoe process for extractin ...
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Union Bank Of California
Union commonly refers to: * Trade union, an organization of workers * Union (set theory), in mathematics, a fundamental operation on sets Union may also refer to: Arts and entertainment Music * Union (band), an American rock group ** ''Union'' (Union album), 1998 * ''Union'' (Chara album), 2007 * ''Union'' (Toni Childs album), 1988 * ''Union'' (Cuff the Duke album), 2012 * ''Union'' (Paradoxical Frog album), 2011 * ''Union'', a 2001 album by Puya * ''Union'', a 2001 album by Rasa * ''Union'' (The Boxer Rebellion album), 2009 * ''Union'' (Yes album), 1991 * "Union" (Black Eyed Peas song), 2005 Other uses in arts and entertainment * ''Union'' (Star Wars), a Dark Horse comics limited series * Union, in the fictional Alliance–Union universe of C. J. Cherryh * '' Union (Horse with Two Discs)'', a bronze sculpture by Christopher Le Brun, 1999–2000 * The Union (Marvel Team), a Marvel Comics superhero team and comic series Education * Union Academy (other), ...
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Homer S
Homer (; grc, Ὅμηρος , ''Hómēros'') (born ) was a Greek poet who is credited as the author of the ''Iliad'' and the ''Odyssey'', two epic poems that are foundational works of ancient Greek literature. Homer is considered one of the most revered and influential authors in history. Homer's ''Iliad'' centers on a quarrel between King Agamemnon and the warrior Achilles during the last year of the Trojan War. The ''Odyssey'' chronicles the ten-year journey of Odysseus, king of Ithaca, back to his home after the fall of Troy. The poems are in Homeric Greek, also known as Epic Greek, a literary language which shows a mixture of features of the Ionic and Aeolic dialects from different centuries; the predominant influence is Eastern Ionic. Most researchers believe that the poems were originally transmitted orally. Homer's epic poems shaped aspects of ancient Greek culture and education, fostering ideals of heroism, glory, and honor. To Plato, Homer was simply the one ...
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James Cair Flood
James Clair Flood (October 25, 1826 – February 21, 1889) was an American businessman who made a fortune thanks to the Comstock Lode in Nevada. His mining operations are recounted to this day as an outstanding example of what may be done with a rich ore body and a genius for stock manipulation. Flood piled up millions as one of the famed "Bonanza Kings" and is considered to have been one of the 100 wealthiest Americans, leaving an enormous fortune. He is famous for two mansions, the James C. Flood Mansion at 1000 California St. in San Francisco, and Linden Towers located in Menlo Park, torn down in 1936. Biography James Clair Flood was born on October 25, 1826 in Staten Island, New York to Irish immigrant parents. He had an eighth grade education, and was then apprenticed to a New York carriage maker. In 1849 he sailed for San Francisco and the Gold Rush. After some success in the mines, he returned east to marry Mary Emma Leary of County Wexford, Ireland. They were back ...
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China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and Borders of China, borders fourteen countries by land, the List of countries and territories by land borders, most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third List of countries and dependencies by area, largest country by total land area. The country consists of 22 provinces of China, provinces, five autonomous regions of China, autonomous regions, four direct-administered municipalities of China, municipalities, and two special administrative regions of China, Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the List of cities in China by population, most populous cit ...
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Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north toward the East China Sea, Philippine Sea, and Taiwan in the south. Japan is a part of the Ring of Fire, and spans an archipelago of 6852 islands covering ; the five main islands are Hokkaido, Honshu (the "mainland"), Shikoku, Kyushu, and Okinawa. Tokyo is the nation's capital and largest city, followed by Yokohama, Osaka, Nagoya, Sapporo, Fukuoka, Kobe, and Kyoto. Japan is the eleventh most populous country in the world, as well as one of the most densely populated and urbanized. About three-fourths of the country's terrain is mountainous, concentrating its population of 123.2 million on narrow coastal plains. Japan is divided into 47 administrative prefectures and eight traditional regions. The Greater Tokyo ...
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William Alvord
William Alvord (January 3, 1833 – December 21, 1904) was an American merchant, banker and political leader in San Francisco. He was the 13rd Mayor of San Francisco from 1871 to 1873 and served as president of the Bank of California from 1878 until his death. Life and politics Alvord was born in Albany, New York, the son of William and Mary Elizabeth (Whitney) Alvord. He was educated at Albany Academy. He moved to New York City in 1850 and engaged in the hardware trade. In 1853 he went to California and established his business at Marysville, later moving to San Francisco.The National Cyclopaedia of American Biography', Vol. XII, p. 326. New York: James T. White & Company, 1904. This volume was published only months before Alvord's death. In San Francisco he established a wholesale hardware importing business, later forming a partnership with Richard Patrick. Alvord built up an extensive trade, but close application to business wore down his health. He finally sold his share ...
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Wells Fargo & Company
Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California; operational headquarters in Manhattan; and managerial offices throughout the United States and internationally. The company has operations in 35 countries with over 70 million customers globally. It is considered a systemically important financial institution by the Financial Stability Board. The firm's primary subsidiary is Wells Fargo Bank, N.A., a national bank which designates its Sioux Falls, South Dakota site as its main office. It is the fourth largest bank in the United States by total assets and is also one of the largest as ranked by bank deposits and market capitalization. Along with JPMorgan Chase, Bank of America and Citigroup. Wells Fargo is one of the " Big Four Banks" of the United States. It has 8,050 branches and 13,000 ATMs. It is one of the most valuable bank brands. Wells Fargo, in its present form, is a result of ...
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Crocker National Bank
Crocker National Bank was a United States bank headquartered in San Francisco, California. It was acquired by and merged into Wells Fargo Bank in 1986. History The bank traces its history to the Woolworth National Bank in San Francisco. Charles Crocker, who was one of The Big Four of the Central Pacific Railroad and who constructed America's First transcontinental railroad, acquired a controlling interest in Woolworth for his son William Henry Crocker. The bank was renamed Crocker Woolworth National Bank, later Crocker National Bank. Crocker National merged with the First National Bank of San Francisco, founded by James D. Phelan, in 1925 to form Crocker First National Bank. In 1956, Crocker First National Bank merged with the Anglo California National Bank (established by Herbert Fleishhacker) to form Crocker-Anglo Bank. In 1963, Crocker-Anglo Bank later merged with Los Angeles' Citizens National Bank, to become Crocker-Citizens Bank. and later, Crocker Bank. In the 1970s ...
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Clearing House (finance)
A clearing house is a financial institution formed to facilitate the exchange (i.e., '' clearance'') of payments, securities, or derivatives transactions. The clearing house stands between two clearing firms (also known as member firms or participants). Its purpose is to reduce the risk of a member firm failing to honor its trade settlement obligations. Description After the legally binding agreement (i.e., ''execution'') of a trade between a buyer and a seller, the role of the clearing house is to centralize and standardize all of the steps leading up to the payment (i.e. ''settlement'') of the transaction. The purpose is to reduce the cost, settlement risk and operational risk of clearing and settling multiple transactions among multiple parties. In addition to the above services, central counterparty clearing (CCP) takes on counterparty risk by stepping in between the original buyer and seller of a financial contract, such as a derivative. The role of the CCP is to perform ...
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William Chapman Ralston (ca
William "Billy" Chapman Ralston (January 12, 1826 – August 27, 1875) was a San Francisco businessman and financier, and the founder of the Bank of California. Biography William Chapman Ralston was born at Wellsville, Ohio, son of Robert Ralston III and Mary Wilcoxen Chapman. He was known as "Chap" when he was young. With riches derived from Nevada's Comstock Lode, he became one of the richest and most powerful men in California. He founded the Bank of California and was known for having a nothing-is-impossible attitude. Projects He built Ralston Hall in Belmont, California, as a summer home; however his wife Elizabeth "Lizzie" Fry and their four children lived there all year round. Listed on the National Register of Historic Places, it is now part of the campus of Notre Dame de Namur University. He built the California Theatre on Bush Street in San Francisco, which opened on January 18, 1869. His dream was the construction of the Palace Hotel in San Francisco at the corner ...
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