Description: The Philadelphia National Bank (PNB), originally established as The Philadelphia Bank on September 8, 1803, played a pivotal role in the financial development of Philadelphia and the broader United States banking system. Its evolution reflects significant milestones in American banking history. Founding and Early Operations: Establishment: Founded in 1803, The Philadelphia Bank was among the earliest financial institutions in the nation, contributing to Philadelphia's status as a burgeoning financial hub in the early 19th century. Leadership: The bank's first president was George Clymer, a notable figure who was a signer of both the Declaration of Independence and the U.S. Constitution, underscoring the institution's foundational significance. 19th Century Expansion: Throughout the 1800s, The Philadelphia Bank expanded its services, adapting to the growing financial needs of the region and establishing itself as a cornerstone of Philadelphia's banking sector. Transition to National Bank: With the enactment of the National Banking Act, the institution transitioned to a national bank charter, becoming the Philadelphia National Bank. This change aligned it with federal banking standards and expanded its operational capabilities. 20th Century Milestones: Headquarters Relocation: In 1972, PNB moved its headquarters from Philadelphia to Ardmore, Pennsylvania, reflecting its growth and the strategic realignment of its operations. Mergers and Acquisitions: In 1982, PNB merged with Fidelity Bank and First Pennsylvania Bank, leading to the formation of CoreStates Financial Corporation. This merger created one of the largest banking institutions in the region, enhancing its financial services and market reach. Further Consolidation: CoreStates was later acquired by First Union Corporation in 1998, which subsequently merged with Wachovia. In 2008, Wachovia was acquired by Wells Fargo, integrating PNB's legacy into one of the largest banking institutions in the United States.
Price: 115 USD
Location: Seminole, Florida
End Time: 2025-01-01T15:19:06.000Z
Shipping Cost: N/A USD
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Item Specifics
Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Denomination: $5
Circulated/Uncirculated: Circulated
Type: Banknotes
Year: 1929
Grade: Ungraded
Country/Region of Manufacture: United States
Certification: Uncertified
