Banking Career
His first banking employment was as a junior clerk in the Fifth Avenue Bank of New York, where he stayed for eight years. In 1886, Porter left the Fifth Avenue Bank of New York to become cashier of the Chase National Bank. In 1893, after seven years as Vice President of the Chase National Bank, Porter was elected Vice President of the Chemical National Bank.
Upon the death of George G. Williams in May 1903, Porter became President of Chemical National Bank. Also in 1903, Porter was one of the founders and directors of the Bankers Trust Company of New York. Porter was also a trustee of the Guaranty Trust Company of New York.
On October 6, 1908, Porter was elected to serve as President of the New York Clearing House. Mr. Porter also served as Treasurer and member of the Executive Committee of Chamber of Commerce.
In 1910, Porter left Chemical to become a partner in the firm J.P. Morgan & Co.
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