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词条 National Bank of Delaware
释义

  1. History

     Independent operation  Post-merger 

  2. Notes

  3. See also

The National Bank of Delaware (founded as the Bank of Delaware) was the first bank chartered in the U.S. state of Delaware.[1] Based in Wilmington, the bank operated independently from 1795 to 1929, when it was merged into the Security Trust Company, also of Wilmington.[2]

History

Independent operation

The bank was formally organized on June 1, 1795,[1] and received its charter on February 9, 1796, from the Delaware General Assembly with capital stock of $100,000. With Joseph Tatnall as president and John Hayes as cashier, it opened at Fourth and Market Streets on August 17. In 1816, the bank moved to a new building on the east corner of Sixth and Market Streets. The bank was issued a new charter in 1820, and doubled its stock's par value by 1850.

On July 16, 1865, it received a national charter under the National Banking Act, and was renamed the National Bank of Delaware at Wilmington, with capital of $110,000.[1] The charter was extended in 1885.[2]

For 127 years, the bank served an account of the E.I. Du Pont de Nemours company.[2]

In 1929,[2] the bank merged with Security Trust Company (1885-1954).[1] The bank was then the nation's fourth-oldest, after the Bank of North America (Philadelphia, 1784), Bank of Massachusetts (Boston, 1782), Bank of New York (New York, 1784), and Bank of Baltimore (Baltimore, 1795)).[2]

Post-merger

In 1952, Security Trust Company merged with Equitable Trust Company, also of Wilmington, to become the Equitable Security Trust Company.[3] In 1958, the company revived the name "Bank of Delaware".[1]

In 1989, the bank's holding company, Bank of Delaware Corporation, was acquired by PNC Financial Corp. for $230 million in stock (${{formatnum:{{Inflation|US|230000000|1989|r=0}}}} today{{Inflation-fn|US}}).[4] The Bank of Delaware held $1.8 billion in assets; PNC, then the nation's 12th-largest bank, held $36.6 billion.[5]

Notes

1. ^{{cite web | url=http://69.63.217.11/H92010/OPAC/Details/Record.aspx?DL=true&taskCode=417825 | title=Records, 1795-1970. | publisher=Hagley Museum and Library | work=Hagley Library and Archives Catalog | accessdate=November 22, 2013 }}{{dead link|date=February 2018 |bot=InternetArchiveBot |fix-attempted=yes }}
2. ^{{cite news | url=https://news.google.com/newspapers?id=cswmAAAAIBAJ&sjid=ggIGAAAAIBAJ&pg=1414%2C1300719 | title=Merging of Delaware National with Security Epochal Event | date=December 1, 1929 | agency=The Sunday Morning Star | accessdate=October 10, 2013 | location=Wilmington, Delaware | page=1}}
3. ^{{cite press release | url=https://news.google.com/newspapers?id=aU9KAAAAIBAJ&sjid=QiANAAAAIBAJ&pg=3989%2C3893885 | title=Announcing Equitable Security Trust Company | publisher=The Sunday Star | date=November 2, 1952 | accessdate=November 22, 2013}}
4. ^{{cite web | url=https://www.pnc.com/webapp/unsec/NCProductsAndService.do?siteArea=/PNC/Home/About+PNC/Our+Organization/Corporate+History | title=Corporate History | publisher=PNC | work=pnc.com | date=2012 | accessdate=November 25, 2013}}
5. ^{{cite news | url=https://www.nytimes.com/1988/09/23/business/company-news-pnc-to-acquire-delaware-bank.html | title=PNC to Acquire Delaware Bank | work=Company News | date=September 23, 1988 | agency=New York Times | accessdate=November 25, 2013 | author=Reuters | location=New York City}}

See also

  • List of bank mergers in the United States

7 : History of Delaware|Defunct banks of the United States|Banks established in 1795|Defunct companies based in Delaware|Banks disestablished in 1929|1795 establishments in Delaware|1929 disestablishments in Delaware

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