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Talk:Bank of North America

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Building

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Was the building of the Bank of North America (120 S 3rd St, Philadelphia) later been used by the First Bank of the United States ? --77.4.71.62 (talk) 05:34, 18 May 2010 (UTC)[reply]

Images

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There are no images in the web as far as I see. Would someone look up images in books and scan them? It would be great to have some images here. --77.4.71.62 (talk) 05:34, 18 May 2010 (UTC)[reply]

Loans

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What was the loan from France? i know the loans from the Dutch Republic was in beginning 5 million Guilders and up to 1794 11 loans with a total of 29 million Guilders.

--ArmTheInsane (talk) 17:05, 3 December 2011 (UTC)[reply]

Hopeless

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This page is in horrible shape as it conflates at least three institutions, the 'Bank of Pennsylvania,' an unincorporated precursor to the Bank of North America, and the later, chartered Bank of Pennsylvania, which should not even be mentioned in this article. Somebody needs to consult some modern sources by Howard Bodenhorn, David Cowen, Robert Wright or the like and clean this mess up, though I would be happy even with more attention to the classic history of the bank by Lawrence Lewis: archive.org/details/cu31924032535753. — Preceding unsigned comment added by AlexanderHamiltonRulz (talk • contribs) 16:26, 2 August 2013 (UTC)[reply]

Per the above, the following content was relocated here, as it is a hopeless morass of confusing, conflicting, conflated, and irrelevant information:

Bank of Pennsylvania

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After a change of party in Pennsylvania's legislature in 1786 the Bank of North America was re-chartered within the Commonwealth in 1787, but under more restrictive conditions that would hinder it from performing its intended role as a central bank.[1] Thomas Willing was appointed its first president on November 2, 1781 (starting when operations began on January 7, 1782) until he was appointed to the First Bank of the United States as one of its original three commissioners on March 19, 1791 (before his later election as its first president on October 25, 1791).

John Nixon was the first director of the Bank of Pennsylvania. Morris subscribed £10,000 sterling to fund it. It was not a bank in the ordinary sense but an organization formed for the purpose of financing supplies for the army. In 1782, the Bank of North America superseded the Bank of Pennsylvania.[2] Serving from 1792 to 1808, Nixon succeeded the first president of the Bank of North America, Thomas Willing, who went on to become the first president of the First Bank of the United States. Nixon was in turn succeeded by John Morton, who served as President until 1822. William Frederick Havemeyer was its president from 1851 to 1861 and brought it successfully through the crisis of 1857. After it had become a national bank in 1865, a president of the same name[who?] presided over its liquidation in 1908.[3]

The Bank of Pennsylvania was re-established in 1793, with a charter from the Commonwealth of Pennsylvania, and opened branches in Pittsburgh, Harrisburg, Lancaster, Reading, and Easton.[4] The original branch of the Bank of Pennsylvania remained in business in Pennsylvania through the 19th and 20th centuries under a variety of other names including First Pennsylvania Bank and, before its acquisition by Wells Fargo, as Wachovia, First Union Bank and CoreStates. Wachovia (as of November, 2012) operated a branch at the northwest corner of S. 6th and Chestnut Sts. in Philadelphia, diagonally opposite Independence Hall, which was the original site of the Bank of North America.[5] This branch is the longest continuously operating branch bank in the States, operating in that location since 1781.[6] Following Wells Fargo's acquisition of Wachovia, Wells Fargo adopted PNB's charter, in part because it was the first national bank charter ever issued.[7]

Wikiuser100 (talk) 01:25, 1 May 2020 (UTC)[reply]

References

  1. ^ Goddard, Thomas H. (1831). History of Banking Institutions of Europe and the United States. Carvill. pp. 48–50.
  2. ^ Kaplan, Edward S. (1999). The Bank of the United States and the American Economy. ABC Clio. pp. 11–12. ISBN 978-0313371523.
  3. ^ "Bank of N. America is to liquidate". The New York Times. January 27, 1908.
  4. ^ Hoogenboom, Ari; Klein, Philip S. (1973). A History of Pennsylvania (2nd ed.). University Park: Pennsylvania State University Press. p. 223. ISBN 978-0271019345. Retrieved 17 March 2016.
  5. ^ Cite error: The named reference EncylcGreatPhil was invoked but never defined (see the help page).
  6. ^ "The Oldest Bank in America...". Bankers Magazine. 103. Warren, Gorham & Lamont, Incorporated: 149. 1921. Retrieved 17 March 2016.
  7. ^ Meng, Henrik (June 14, 2010). "The end of one era and continuation of another". Wells Fargo. Archived from the original on July 20, 2011.
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at Bank of North America#Public offering. I have converted it a quote and added the citation but I don't know if that is sufficient for a 'fair dealing' defense.

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