The Corn Exchange Bank was founded in 1853 in New York, but had branches in other states, including Pennsylvania, Wisconsin, and Nebraska. It was a retail bank that acquired many community banks. In 1855, the bank moved into an existing building at the northwest corner of William and Beaver streets. In 1894, the bank completed a new headquarters, an 11-story building designed by Robert Henderson Robertson, at 11-15 William Street. Between 1923 and 1925 it held a small stake in the Connecticut-chartered Bank of Central and South America, together with a number of other New York banks. In 1929 it was renamed the Corn Exchange Bank and Trust Company. In 1954 it merged with Chemical Bank and the combined entity took the name Chemical Corn Exchange Bank. After Chemical Corn merged with New York Trust, the "Corn" was dropped. The Corn Exchange Bank in Philadelphia, Pennsylvania, was famously robbed by Willie Sutton in February 1933.
Read more about Corn Exchange Bank: Acquisition History
Famous quotes containing the words corn, exchange and/or bank:
“Every New Englander might easily raise all his own breadstuffs in this land of rye and Indian corn, and not depend on distant and fluctuating markets for them. Yet so far are we from simplicity and independence that, in Concord, fresh and sweet meal is rarely sold in the shops, and hominy and corn in a still coarser form are hardly used by any.”
—Henry David Thoreau (1817–1862)
“Ideal conversation must be an exchange of thought, and not, as many of those who worry most about their shortcomings believe, an eloquent exhibition of wit or oratory.”
—Emily Post (1873–1960)
“O Gold! I still prefer thee unto paper,
Which makes bank credit like a bark of vapour.”
—George Gordon Noel Byron (1788–1824)