History
The Bank of New York was founded on June 9, 1784, making it the oldest bank in the United States. Alexander Hamilton wrote the new bank's constitution, and became the individual most actively involved in the organization of The Bank of New York, guiding it through its early stages. The bank opened for business at the Walton House in Lower Manhattan only a few months after the departure of British troops from American soil. It opened with a capitalization of $500,000. William Seton, future father-in-law of Saint Elizabeth Seton, was named director in 1786.
To commemorate its 225th anniversary, BNY Mellon created a 5 part video series entitled "Looking Forward : The 225th Anniversary of The Bank of New York Mellon" which was narrated by historian Richard Brookhiser and recaps the company’s history from its founding in 1784. The segments are entitled:
Part 1 : New Beginnings Part 2 : A Company of Visionaries Part 3 : A Catalyst for Success Part 4 : A Focus on Clients Part 5 : A Commitment to Help
Read more about this topic: Bank Of New York
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“Whenever we read the obscene stories, the voluptuous debaucheries, the cruel and torturous executions, the unrelenting vindictiveness, with which more than half the Bible is filled, it would be more consistent that we called it the word of a demon than the Word of God. It is a history of wickedness that has served to corrupt and brutalize mankind.”
—Thomas Paine (1737–1809)
“As I am, so shall I associate, and so shall I act; Caesar’s history will paint out Caesar.”
—Ralph Waldo Emerson (1803–1882)
“The whole history of civilisation is strewn with creeds and institutions which were invaluable at first, and deadly afterwards.”
—Walter Bagehot (1826–1877)