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In 1965, it acquired Meadow Brook Bank for $106.7 million in stock. [1] In 1969, CIT entered the personal and home equity loan and leasing business and left auto financing. In 1979, restrictive banking rules forced CIT to sell its bank, National Bank of North America. CIT was acquired by RCA Corporation in 1980. RCA promptly sold CIT's four ...
Bank of North America: Commercial Trust Company Bank of North America and Trust Company: Wells Fargo: 1926 Fidelity Trust Company: Philadelphia Trust Company: Fidelity-Philadelphia Trust Company [9] Wells Fargo: 1929 Security Trust Company: National Bank of Delaware: Security Trust Company [10] PNC Financial Services: 1929 Colonial Trust Company
The Trust Company of America was a large company in New York City. Founded on May 23, 1899 in Albany, New York, [1] its founding president was Ashbel P. Fitch and it was initially located in the Singer Building in Manhattan's Financial District. [1] In 1907 the company absorbed the Colonial Trust Company, a commercial bank. [2]
On April 12, 1905, it was reported that the City Trust, the North American Trust, and the Trust Company of America were merging in the near future, in what the Times called "the most important trust company consolidation of recent years." It was announced the new company would be named the Trust Company of America, with capital of $2 million, a ...
The bank's first acquisition out of state was the failing First National Bank of Crosby, Texas in February 1987. Central Bancshares became the first bank in Alabama to own a bank in another state and the first out-of-state bank to own a bank in Texas. [1] D. Paul Jones took over the CEO position from Brock in 1991. [6]
20 Exchange Place, formerly the City Bank–Farmers Trust Building, is a skyscraper in the Financial District of Lower Manhattan in New York City.Completed in 1931, it was designed by Cross & Cross in the Art Deco style as the headquarters of the City Bank–Farmers Trust Company, predecessor of Citigroup.
Bank of America Private Bank (formerly U.S. Trust) was founded in 1853 as the United States Trust Company of New York. [1] It operated independently until 2000, when it was acquired by Charles Schwab, and Co. [2] and subsequently sold to, and became a subsidiary of, Bank of America in 2007. [3]
State Street Bank and Trust Company (SSBT), commonly known as State Street Global Services, is a subsidiary of State Street Corporation organized as a trust company based in Massachusetts. The company is the largest custodian bank in the world and specializes in providing institutional investors , such as mutual funds , with clearing ...