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Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City.The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and Travelers; Travelers was spun off from the company in 2002.
A city bank is a Japanese term (Japanese: 都市銀行 = "Toshi ginkō" or 都銀 = "Togin") for one of the several mega-banks, with their head offices in Tokyo or Osaka, Japan's two largest cities. These banks have wide networks of branches in major cities all over Japan.
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 .
New York City Wealth Management Office. The bank was founded in 1954 by Alfred S. Hart. [2] [5] [6] He hired Benjamin N. Maltz as the first chairman of the board. [5]Its offices were in Beverly Hills at 400 North Roxbury Drive [6] until 2004 when its headquarters were relocated to Arco Plaza (later City National Plaza) in Los Angeles.
Citibank, N. A. is the primary U.S. banking subsidiary of financial services multinational Citigroup. [4] Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. [5] The bank has 2,649 branches in 19 countries. [6] [7] [8] Citibank first opened a branch in Vietnam prior to 1975.
National City branch in Springboro, Ohio.. National City Bank was founded on May 17, 1845, when a group of Cleveland, Ohio businessmen pooled $50,000 to organize the City Bank of Cleveland, the first bank opened under the Ohio Bank Act of 1845 in a small town with no gas, electricity, public waterworks, or railroad. [8]
City National Bank of Florida (CNBFL), based in Miami, Florida, is the second-largest financial institution in the state with over $26 billion in assets. [1] CNBFL has 30 branches, from Miami-Dade County to the greater Orlando area, and nearly 1,000 employees. [ 2 ]
First National City Bank (later Citibank) was founded in 1812 [18] and, for over a century, had its headquarters in the Financial District of Lower Manhattan. [6] The company was headquartered at 52 Wall Street [ 19 ] until 1908, when it moved to 55 Wall Street .