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National City branch in Springboro, Ohio.. National City Bank was founded on May 17, 1845, when a group of Cleveland, Ohio businessmen pooled $50,000 to organize the City Bank of Cleveland, the first bank opened under the Ohio Bank Act of 1845 in a small town with no gas, electricity, public waterworks, or railroad. [8]
In the United States, a state bank is a bank in a U.S. state that is chartered by the government of that state, as opposed to a national bank which is chartered at the federal level. [ 1 ] [ 2 ] Overview
National City was founded as the City Bank of Cleveland in 1845, while PNC was founded in longtime Cleveland rival, Pittsburgh, as the Pittsburgh Trust and Savings Company, in 1852. Both banks would later receive national charters under the National Banking Act , with National City being able to print U.S. currency until the United States ...
Bird's-eye view map of Cleveland in 1877. The city of Cleveland, Ohio, was founded by General Moses Cleaveland of the Connecticut Land Company on July 22, 1796. Its central location on the southern shore of Lake Erie and the mouth of the Cuyahoga River allowed it to become a major center for Great Lakes trade in northern Ohio in the early 19th century.
It was the second-largest bank in Michigan as measured by assets. ON 12 September 2005, ABN AMRO consolidated its U.S. commercial banking operations under the LaSalle Bank name. In 2007, ABN AMRO sold LaSalle to Bank of America, and the LaSalle branches became Bank of America branches on 5 May 2008. The former Michigan National branches in ...
In 2017, the bank sold the mortgage business acquired from the purchase of AmTrust at a $90 million profit. [18] In March 2010, Desert Hills Bank of Phoenix, Arizona, with $496 million in assets, was seized by the FDIC and acquired by NYCB. [19] [20] In June 2012, NYCB acquired the assets of Aurora Bank from Lehman Brothers. [21]
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With conflicting names no longer an issue, Citizens Bank announced June 30, 2014, that Charter One branches in Michigan and Ohio would be rebranded as Citizens Bank. The name change officially took place on April 27, 2015, bringing to an end the name Charter One in Cleveland ; the city in which it was founded.