Business
Corcoran entered business at the age of 17, working in dry goods store owned by two brothers, and opened his own store two years later. Corcoran later established a wholesale auction and commission business. His businesses failed in 1823 during a depression, after which he worked on another family business. In 1828, he took control of large amount of real estate from his father.
In 1837, Corcoran established a brokerage firm on Pennsylvania Avenue at 15th Street. He was very successful and soon entered into a partnership with George Washington Riggs. The firm of Corcoran and Riggs (now PNC Bank) prospered and in 1845, they purchased the United States Bank located on 15th Street at New York Avenue.
Read more about this topic: William Wilson Corcoran
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