Banking
Crocker was briefly the controlling shareholder of Wells Fargo in 1869 and served as president. After he sold down, he was replaced by John J. Valentine, Sr.. Crocker also acquired controlling interest for his son William in Woolworth National Bank, which was renamed Crocker-Anglo Bank.
In 1963, Crocker-Anglo Bank merged with Los Angeles' Citizens National Bank, to become Crocker-Citizens Bank and later, Crocker Bank. The San Francisco-based bank no longer exists as it was acquired by Wells Fargo in 1986.
Read more about this topic: Charles Crocker
Famous quotes containing the word banking:
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)