Bank of New York (now Bank of New York Mellon)
New York, New York (Founded 1784)
New York, New York (Founded 1784)
It started with a press conference in New York package, announced plans to establish the first bank in New York in 1784. Alexander Hamilton, a respected lawyer at the time, designed the constitution and the lead bank Bank of New York through the formation and early years. Eight years later, it was the first company to be publicly traded when the New York Stock Exchange opened in 1792. There is also an abundance of history behind the Mellon Financial Corporation dating back to the Industrial Revolution, which joined the Bank of New York in 2007 to The Bank of New York Mellon. Today, it is the oldest bank in the United States, and they get to have The Wall Street as their address to prove it.
Bank of Scotland (now Halifax Bank of Scotland)
Edinburgh, Scotland (Established 1695)Although the concept of currency and bank notes are not always new to Scotland in the 17th century, the Bank of Scotland was the first to print their own paper currency.Furthermore, it is unique in that it was founded to help businesses, while the Bank of England, which was founded a year earlier, mainly to finance the government's defense spending. Earlier, it faces fierce competition from the Royal Bank of Scotland, and in one case, RBS (the "new" bank) began hoarding bank notes issued by the Bank of Scotland (Old Bank) in order to present them all at once, forcing the Bank of Scotland parents to call them and stop payment of the loan for six bulan.Ini not sink them though, and durable bank remains as the only existing commercial institution created by the Parliament of Scotland.Bank of Scotland joining a HBOS Halifax Bank in 2001.
C. Hoare & Co.
London, England (Established 1672) amounted Before modern road, the signs that people use to search for a store, and Sir Richard Hoare could not have picked a much better symbol than Gold Sign bottle, like a bottle of gold is a sign of luxury and wealth which is used by goldsmiths were precursors to form a more modern banking system and fiat currency. To note is the fact that their building was evacuated during World War II and was rescued from the fire by a few brave employees. In addition, the bank is still entirely family-owned and managed by direct descendants of Sir Richard Hoare.
Berenberg Bank
Hamburg, Germany (founded 1590)Formed in 1590 by Hans and Paul Berenberg, two brothers who ran a cloth trade and import / export business, the company is very fortunate to grow up in a period of prosperity in Hamburg, Germany. City quickly grew as a financial hub and trading activities, and they can develop together with other members of a small, tight group of Dutch people who did not even have the right to full citizenship in Hamburg. Berenberg Bank today offices throughout Europe, and remains Germany's oldest private bank today.
Oldest in the World Bank: Banca Monte dei Paschi di Siena
Siena, Italy (Established 1472) Originally formed as Monte di Pieta, or Monte Pio, to give lending to the poor out of charity, it is the longest in the world bank. "Monte," which means "heap" refers to the collection of the money used for charitable distribution, and the bank really serves to benefit the city's economy. One interesting historical note is that the citizens of Siena put the revenue from the land as collateral for loans to agriculture and infrastructure of the city, leading to it being referred to as Monte dei Paschi in reference to the ground. Today it stands as the oldest bank in the world
