Long Island Bank
The Long Island Bank was the first bank in Brooklyn, New York.
| Industry | Banking |
|---|---|
| Founded | April 1, 1824 |
| Headquarters | Brooklyn, New York |
History
In the early 1820s, Brooklyn was the 16th largest inhabited place in the United States; however, Brooklyn had no bank and no insurance company.
In 1824, the bank was incorporated and became the first bank in Brooklyn. The initial capital of the bank was $300,000 in $50 shares. Bank notes were issued from 3 August 1824.[1][2][1] Its offices were at 7 Front Street in Brooklyn. The first President was Leffert Lefferts.[2]
In 1867, William S. Herriman, president of the bank, died and was replaced by William C. Fowler.[3]
gollark: C# is the Java of .NET.
gollark: Fusion is, of course, cooler.
gollark: Yes, exactly. All services are always 100% reliable, therefore it would be ridiculous for them to fail.
gollark: How *dare* it occasionally go down?
gollark: SiC?
References
- Stiles, Henry R. (1869). A History of the City of Brooklyn, Including the Old Town and Village of Brooklyn, the Town of Bushwick, and the Village and City of Williamsburgh. Volume II. pp. 211–4. ISBN 978-0-7884-4164-6.
- Ross, Peter (1902). A History of Long Island: From Its Earliest Settlement to the Present Time. Lewis publishing Company. pp. 401.
- The Bankers' Magazine and Statistical Register. 21. 1867. p. 638.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.