First National Bank of Chicago
Due to the very nature of banks and all their mergers and acquisitions, I found it a bit challenging to try to read up on the history of one bank in particular.
In 1863, a group of Chicago investors established the First National Bank of Chicago. By 1876, it ranked as the city’s largest bank, and for over a hundred years, First National continued to be either the Windy City’s biggest or second-biggest bank.
By 1902, First National had grown to become the nation’s second-largest bank. A few years later, it became one of the original members of the Federal Reserve System. The structure featured in the photos of this post was completed in 1922. The bank was fortunate enough to survive the Great Depression in the ‘30s and continued to grow for the next few decades. But while it was always one of the largest banks in Chicago, it was still relatively small on a global scale. This changed in 1995, when First Chicago merged with the National Bank of Detroit to create the First Chicago NBD Corp. Three years later, First Chicago NBD merged with the Banc One Corporation of Ohio to form Bank One.[1] In 2004, the company was acquired by JPMorgan Chase & Co.
Photo credit: speattle, zyzhu2000, Miss Magnolia Thunderpussy
(Former) First National Bank of Chicago: 601 N Michigan Ave
Public trans: Bus # 2, 3, X4, 10, 26, 29, 65, 143, 144, 145, 146, 147, 148, 151, 157
2 Comments
[...] ever given to the University of Illinois. In 1946, Robert Allerton (son and heir of the founder of First National Bank of Chicago) gave this beautiful estate to the school for use as “an educational and research center, as a [...]
i have a stock of standard dredging corp and would like to know what they are about or give me some one that can help me with these. they were my grandfathers thank you