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The President, Directors and Company of the Bank of the United States, commonly known as the First Bank of the United States, was a national bank, chartered for a term of twenty years, by the United States Congress on February 25, 1791. It followed the Bank of North America, the nation's first de facto national bank. However, neither served the functions of a modern central bank: They did not set monetary policy, regulate private banks, hold their excess reserves, or act as a lender of last resort. They were national insofar as they were allowed to have branches in multiple states and lend money to the US government. Other banks in the US were each chartered by, and only allowed to have branches in, a single state.
The Bank of North America was the first chartered bank in the United States, and served as the country's first de facto central bank. Chartered by the Congress of the Confederation on May 26, 1781, and opened in Philadelphia on January 7, 1782, it was based upon a plan presented by US Superintendent of Finance Robert Morris on May 17, 1781, based on recommendations by Revolutionary era figure Alexander Hamilton. Although Hamilton later noted its "essential" contribution to the war effort, the Pennsylvania government objected to its privileges and reincorporated it under state law, making it unsuitable as a national bank under the federal Constitution. Instead Congress chartered a new bank, the First Bank of the United States, in 1791, while the Bank of North America continued as a private concern.
Banking in the United States began by the 1780s along with the country's founding and has developed into highly influential and complex system of banking and financial services. Anchored by New York City and Wall Street, it is centered on various financial services namely private banking, asset management, and deposit security.
The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina. The bank was founded in San Francisco and took its present form when NationsBank of Charlotte acquired it in 1998. It is the second-largest banking institution in the United States, after JPMorgan Chase, and the eighth-largest bank in the world. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking.
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares. Shareholders are able to transfer their shares to others without any effects to the continued existence of the company.
Bank One Corporation was the sixth-largest bank in the United States. It traded on the New York Stock Exchange under the stock symbol ONE. The company merged with JPMorgan Chase & Co. on July 1, 2004. The company had its headquarters in the Bank One Plaza in the Chicago Loop in Chicago, Illinois, now the headquarters of Chase's retail banking division.
Standard Chartered plc is a British multinational banking and financial services company headquartered in London, England. It operates a network of more than 1,200 branches and outlets across more than 70 countries and employs around 87,000 people. It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. Despite its UK base, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East.
U.S. Bancorp is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware. It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States. The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions. It has 3,106 branches and 4,842 automated teller machines, primarily in the Western and Midwestern United States. It is ranked 117th on the Fortune 500, and it is considered a systemically important bank by the Financial Stability Board. The company also owns Elavon, a processor of credit card transactions for merchants, and Elan Financial Services, a credit card issuer that issues credit card products on behalf of small credit unions and banks across the U.S.
Citizens Financial Group, Inc. is an American bank headquartered in Providence, Rhode Island, which operates in the states of Connecticut, Delaware, Florida, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Vermont, Virginia, and Washington DC.
Fifth Third Bank is a bank headquartered in Cincinnati, Ohio, at Fifth Third Center. It is the principal subsidiary of Fifth Third Bancorp, a diversified bank holding company. One of the largest consumer banks in the Midwestern United States, it operates 1,136 branches and 2,469 automated teller machines in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. Fifth Third Bank is incorporated in Ohio. It was state-chartered until late 2019, when it obtained a national charter.
Shadrach Bond was a representative from the Illinois Territory to the United States Congress. In 1818, he was elected Governor of Illinois, becoming the new state's first chief executive. In an example of American politics during the Era of Good Feelings, Bond was elected to both positions without opposition.
AirNet is an American Part 135 cargo airline based in Franklin County, Ohio, USA, near Columbus. It specializes in delivery of documents and small packages. Banks were once their main client, transporting checks for over 300 of the country's largest banks. With the passing of the Check 21 Act, and the increase in the usage of electronic banking, this has been greatly reduced. AirNet is now focusing on time critical documents and packages, such as those required in the scientific and medical field. The main sort facility is located at Rickenbacker International Airport in Columbus. In September 2008, AirNet announced that they were moving their sort facility to Chicago, reducing the number of aircraft, and redesigning their route network. Their corporate headquarters remains in Columbus.
Michigan National Bank was a bank founded in Lansing, Michigan, which was established on 31 December 1940 when Howard J Stoddard consolidated six Michigan banks: First National Bank and Trust Company of Grand Rapids, First National Trust and Savings Bank of Port Huron, Lansing National Bank, City National Bank of Battle Creek, National Bank of Saginaw and First National Bank of Marshall. It purchased and absorbed the National Bank of Flint in 1942.
First National Bank Omaha is a subsidiary of First National of Nebraska. It is the largest privately held bank subsidiary in the United States with $17 billion in assets and 4320 employees, as part of First National of Nebraska.
First Busey Corporation is a financial holding company headquartered in Champaign, Illinois.
First Chicago Bank was a Chicago-based retail and commercial bank tracing its roots to 1863. Over the years, the bank operated under several names including The First National Bank of Chicago and First Chicago NBD. In 1998, First Chicago NBD merged with Banc One Corporation to form Bank One Corporation, today a part of Chase.
The Miami Tribe of Oklahoma is the only federally recognized Native American tribe of Miami Indians in the United States. The people are descended from Miami who were removed in the 19th century from their traditional territory in present-day Indiana, Michigan and Ohio.
John Whitfield Bunn was an American corporate leader, financier, industrialist, and personal friend of Abraham Lincoln, whose work and leadership involved a broad range of institutions ranging from Midwestern railroads, international finance, and Republican Party politics, to corporate consultation, globally significant manufacturing, and the various American stock exchanges. He was of great historical importance in the commercial, civic, political, and industrial development and growth of the state of Illinois and the American Midwest, during both the nineteenth century and the twentieth century. John Whitfield Bunn was born June 21, 1831, in Hunterdon County, New Jersey. Although every one of the business institutions co-founded or built by the Bunn Brothers has ceased to exist, and fallen purely into the realm of history, each of these businesses left an important legacy of honorable industrial, commercial, and civic vision for Illinois, the Midwest, and the United States.
Anthony Overton Jr., was an American banker and manufacturer. He was the first African American to lead a major business conglomerate.
Wintrust is a financial holding company in the United States that operates 15 chartered community banks in northern Illinois and southern Wisconsin. Wintrust is a relatively medium-sized banking institution in the United States and it trades on the Nasdaq Global Select Market with stock symbol WTFC. Wintrust is the second largest banking company in Chicago.
