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Citibank was founded in 1812 as City Bank of New York, and later became First National City Bank of New York. [3] The bank has branches in 19 countries. [citation needed] The U.S. branches are concentrated in six metropolitan areas, New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. [1]
1977: The First National Bank of Dayton is the corporation's first major acquisition. Two banks had merged to create the Dayton Bank in 1961: Merchant's National Bank (1871) and People's Bank & Trust Co. (1957). [91] 1978: The Huron County Banking company in Norwalk, Ohio, is acquired. The bank is renamed National City Bank, Norwalk in 1985. [91]
In 1963, the company merged into the First National City Bank (which itself was a result of the 1955 merger of the National City Bank and the First National Bank into The First National City Bank of New York; [7] which was shortened to First National City Bank in 1962). [8] In 1976, the First National City Bank's name was changed to Citibank, N.A.
National City Bank merged with the First National Bank in 1955, becoming First National City Bank; [122] the newly merged banks were headquartered at 55 Wall Street. [123] During the same period, the main banking room at 55 Wall Street underwent a multi-year restoration that finished in 1958.
The bank had been nicknamed "Citibank" since the 1860s when it began using this as an eight-letter wire code address. [16] In 1974, under the leadership of CEO Walter B. Wriston, First National City Corporation changed its formal name to "Citicorp", with First National City Bank being formally renamed Citibank in 1976. [16]
A member of the Federal Deposit Insurance Corp. (FDIC), First National was the first bank since April 26 to be shut down by federal regulators. Two days later, it reopened as First Bank and Trust ...
National City Corp. First of America Bank National City Corp. PNC Financial Services: 1997 Banc One Corp. First USA: Bank One Corp. JPMorgan Chase: 1997 First Nationwide Bank California Federal Bank: California Federal Bank: $1.2 billion, 1st Nationwide rebranded as "Cal Fed." Citibank: 1998 NationsBank Corp. Barnett Banks, Inc. NationsBank ...
First National City Bank of New York after 1955 James Stillman Rockefeller: 1959: 1967: First National City Bank after 1962 George S. Moore: 1967: 1970: First National City Corporation in 1968 Walter B. Wriston: 1970: 1984: Citicorp in 1974 John S. Reed: 1984: 2000: Co-chair of Citigroup after 1998 Sanford I. Weill: 1998: 2006: Co-chair 1998 ...