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First Financial Bank, N.A., was founded in 1863 as the First National Bank of Hamilton and was granted charter number 56 on August 10, 1863, under the National Bank Act. The bank opened its first branch in Hamilton, Ohio and started business on August 15, 1863. [7]
On September 18, 2009, the Indiana Department of Financial Institutions closed the Irwin Union Bank and Trust Company and named the Federal Deposit Insurance Corporation (FDIC) as receiver. First Financial Bank of Hamilton , Ohio , purchased all deposits and virtually all assets of Irwin Union Bank and participated in a loss-share transaction ...
Alexander Hamilton was the first Secretary of the Treasury. In addition to sponsoring a national bank, Hamilton's other measures included an assumption of the state war debts by the U.S. government, establishment of a mint and imposition of a federal excise tax. The goals of Hamilton's measures were to: [2]
PNB's first merger involved Hamilton Bank of central Pennsylvania in 1982; later, in the mid-1980s, it would take control of New Jersey National Bank of Trenton, New Jersey. Corestates Financial Corporation evolved out of the merger of PNB with Hamilton.
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
Headquarters of Fifth Third Bank. 6 Center at 600 Vine: 418 (127) 30 1984 600 Vine Street The 24th-tallest building in Ohio and the tallest building built in Cincinnati in the 1980s. 7 First Financial Center: 410 (125) 32 1992 255 East 5th Street The 26th-tallest building in Ohio. Headquarters of First Financial Bank, Roto-Rooter, and Chemed. 8
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Certificates of indebtedness, or government American Revolutionary War debt, had been paid with government securities at face value, plus arrears of interest, under the terms of Hamilton's First Report on the Public Credit. [30] [31] The new securities were accepted by the Bank to purchase its stock up to three quarters (75%) of their value. [5]