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The Bank of Baltimore was chartered on Christmas Eve, December 24, 1795, with $1,200,000 capital in the city of Baltimore, Maryland. The bank was the seventh American bank to begin business in the United States and the second bank in Baltimore , and in Maryland . [ 1 ]
The population reached 14,000 in 1790, but the decade was a rough one for the city. The Bank of England's suspension of specie payments caused the network of Atlantic credit to unravel, leading to a mild recession. The Quasi-War with France in 1798-1800 caused major disruptions to Baltimore's trade in the Caribbean.
The Baltimore bank riot was one of the most violent and destructive events of civic unrest in any American city prior to the Civil War. Rioters destroyed many of the homes of the city's wealthiest and most prominent citizens, and much valuable property was smashed or burned, but was later restored.
Mercantile Trust and Deposit Company is a historic bank building in Baltimore, designed by the Baltimore architectural firm of Wyatt and Sperry and constructed in 1885. It has a brick-with-stone-ornamentation Romanesque Revival structure, with deeply set windows, round-arch window openings, squat columns with foliated capitals, steeply pitched broad plane roofs, and straight-topped window groups.
The Eutaw Savings Bank moved across the street in 1887 to what is now the Baltimore Grand and the building was acquired by the Baltimore Equitable Society in 1889. [2] Founded in 1794, the Baltimore Equitable Society is one of the oldest corporations in the city and the third-oldest fire insurance company in the United States. [2] [4] [5]
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DiBlasi, by profession, is a banker. He served as an Assistant Comptroller, then as Vice President of Maryland National Bank and NationsBank (now Bank of America).After his time on the Council, DiBlasi became a writer and senior content editor covering varsity sports for Digital Sports and the Varsity Sports Network [3]
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