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The Freedman's Saving and Trust Company, known as the Freedman's Savings Bank, was a private savings bank chartered by the U.S. Congress on March 3, 1865, to collect deposits from the newly emancipated communities. The bank opened 37 branches across 17 states and Washington DC within 7 years and collected funds from over 67,000 depositors. [1]
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Its primary subsidiary was the Indianapolis-based Merchants National Bank and Trust Company, which had been founded in 1865. From the mid-1950s through the late 1980s, Merchants National Bank and Trust, American Fletcher National Bank , and Indiana National Bank , were the three largest banks in Indianapolis.
Commerce was founded by Francis Reid Long with $10,000 in capital in 1865, just as communities were rebuilding during post-Civil War Reconstruction. Originally known as the Kansas City Savings Association, it was acquired in 1881 by Dr. William Stone Woods and renamed the National Bank of Commerce, claiming at the time to be the largest bank west of Chicago. [5]
The middle child, Edith, is not mentioned in this clue; such is the life of a middle child. BEATLES (42A: The ___ (band aka the Fab Four)) The BEATLES formed their band in Liverpool, England in 1960.
It was the third bank to be chartered in Boston and its office was at the corner of State and Exchange Streets. [17] [18] In 1865, Union Bank received a national charter and became the National Union Bank of Boston. The bank later built a headquarters at Washington and State streets. [19] State Street Deposit & Trust Co opened in July 1891.
First Bank's earliest direct corporate ancestor, First National Bank of Minneapolis, was founded in 1864 and received its charter in 1865. That bank, in turn, grew out of private banking house Sidel, Wolford and Co. [ 1 ] [ 2 ]
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