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The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson [ 5 ] [ 6 ] formed a bank in London ...
Jesse Binga (April 10, 1865 – June 13, 1950) was a prominent American businessman who founded the first privately owned African-American bank in Chicago. [1] Binga recalled coming to Chicago in the 1890s with $10 in his pocket. By the 1920s he was a bank president and major real estate owner. Unwilling to conform to de facto, private real ...
Two years later Smith's was the only bank left in Illinois and by 1854 75% of Chicago's currency was backed by Smith. [3] His efforts were interpreted differently across the country, for example a bank founded by Lemuel Grant in Atlanta, Georgia in 1852 was forced to close down when Smith circulated their notes widely throughout the midwest. It ...
In 1781, an act of the Congress of the Confederation established the Bank of North America in Philadelphia, where it superseded the state-chartered Bank of Pennsylvania founded in 1780 to help fund the war. The Bank of North America was granted a monopoly on the issue of bills of credit as currency at the national level.
P.W. Chavers (1876–1933) born Pearl William Chavers, was a banker, entrepreneur, industrialist, philanthropist, African-American journalist, and real estate developer in Chicago, Illinois. He devoted his life to the establishment of a black economy in Chicago, Illinois and in Columbus, Ohio . He started the first National Bank in Chicago for ...
In the 1960s LaSalle acquired the Mutual National Bank of Chicago founded by Frank C. Rathje. Algemene Bank Nederland (ABN) acquired the bank in 1979. In a merger of co-owned banks, the LaSalle Bank N.A. name was adopted in 1999. It was the largest bank headquartered in Chicago with US$72.2 billion in assets and US$46.8 billion in deposits.
At some time in the 1780s, after the US achieved independence, Point du Sable settled on the north bank of the Chicago River close to its mouth. [ 24 ] [ n 3 ] The earliest known record of Point du Sable living in Chicago is an entry that Hugh Heward made in his journal on 10 May 1790, during a journey from Detroit across Michigan and through ...
Between 1870 and 1900, Chicago grew from a city of 299,000 to nearly 1.7 million and was the fastest-growing city in world history. Chicago's flourishing economy attracted huge numbers of new immigrants from Eastern and Central Europe, especially Jews, Poles, and Italians, along with many smaller groups.