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Ever since the National Bank Act, national-chartered banks were effectively prohibited from interstate banking. This prohibition was further enshrined in the McFadden Act of 1927. The restriction on interstate banking prevented banks from achieving geographic diversification, making them especially vulnerable to local economic disruptions.
The EFO thus directed the creation of the Oesterreichische Nationalbank in Austria, Hungarian National Bank, Bank of Danzig, and Bank of Greece, as well as comprehensive reforms of the Bulgarian National Bank and Bank of Estonia. Similar ideas were emulated in other newly independent European countries, e.g. for the National Bank of Czechoslovakia.
Cities were defensive entities, and its citizens were persons who were "economically competent to bear arms, to equip and train themselves." [ 35 ] According to one theorist, the requirement that individual citizen-soldiers provide their own equipment for fighting helped to explain why Western cities evolved the concept of citizenship, while ...
American National Bank of Texas (ANBTX) is an independently owned community bank with 28 branches in North Texas, providing personal and business banking services. It also offers asset management, financial planning, investment services, and trust and estate services through ANBTX Wealth Management.
The Puebloan peoples, [13] situated largely between the Rio Grande & Pecos river were part of an extensive civilization of tribes that lived in what are now the states of Texas, New Mexico, Colorado & Utah. While the northernmost Ancestral Pueblo groups faced a cultural collapse due to drought, many of the southern tribes survive to the present.
The first person to have participated in ancient society to some degree as a banker was named Philostephanos (of Corinth). [25]A slave named Pasion, for a time owned by Archestratos and Antisthenes, who were partners of a banking firm in Peiraieus, was for a time Athens' most important banker, after his manumission to the metic class.
The National Bank Act (ch. 58, 12 Stat. 665; February 25, 1863), originally known as the National Currency Act, was passed in the Senate by a 23–21 vote, and was supplemented a year later by the National Banking Act of 1864. The goals of these acts was to create a single national currency, a nationalized bank chartering system, and to raise ...
Bank of America building in Atlanta was for years owned by NationsBank. In 1998, it acquired BankAmerica Corporation of San Francisco in what was the largest bank merger in American history at the time. Although NationsBank was the nominal survivor, the merged bank took the better-known Bank of America name, and operates under Bank of America's ...