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Started in Newark, New Jersey, in 1875, Prudential was originally called The Widows and Orphans Friendly Society, then the Prudential Friendly Society. It was founded by John F. Dryden, who later became a U.S. Senator. In the beginning, the company sold only one product, burial insurance. Dryden was the president of Prudential until 1912.
Prudential had been closing branches, with 100 closing between December 1988 and May 1990. After these losses were announced, another 175 branches closed in July 1990. In May 1991 Prudential sold the remainder of the chain for a total of £13.5 million, representing a 90% loss on the cost of acquisition.
Prudential Securities, formerly known as Prudential Securities Incorporated (PSI), was an American financial services arm of the insurer, Prudential Financial. In 2003, Prudential Securities was merged into Wachovia Securities , a division of Wachovia Bank .
Prudential Overall Supply is an American company with headquarters in Irvine, California. The company was founded in 1932 as a uniform and textile laundry service, [ 1 ] serving industrial clients such as automotive production facilities.
Prudential Financial is based in Newark, New Jersey, United States. It began as The Widows and Orphans Friendly Society in 1875, and for a short time it was called the Prudential Friendly Society. For many years after 1877 it was known as the Prudential Insurance Company of America, [1] a name still widely in use.
The Prudential Lines was never successful and was always near bankruptcy. Prudential Lines was active in supporting the World War II efforts. At its peak in the 1960s Prudential Lines owned and operated two tankers, and five cargo ships. In 1960 the Prudential Steamship Corporation was sold to Spyros Skouras and his family.
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In 1970, Grace Line was sold to Prudential Lines for $44.5 million, with the merged company renamed Prudential Grace Line. [25] It was taken over by Delta Steamship Lines in 1978, thereby extinguishing the name Grace in ocean shipping. [26] Subsequently, Delta Steamship Lines was acquired and consolidated by Crowley Maritime in 1982.