Bank of the United States (Baltimore, Md.)

Congressionally-chartered as a branch of the Bank of the United States in 1792; continued under a charter from the State of New York after the charter of the Bank of the United States expired in 1811; chartered anew as the Baltimore branch of the second Bank of the United States in 1816; Merchants' Bank of Baltimore assumed the business of the Baltimore branch after the expiration of the charter of the Second Bank of the United States in 1836.

From the description of Bank of the United States (Baltimore, Md.) records, 1795-1855 (bulk 1816-1846). (Unknown). WorldCat record id: 70982966

Organizational History

• 1776: Offices established in Baltimore and other cities by the Continental Congress to receive subscriptions to domestic war loans for financing the Revolution; this function was later assumed by the Bank of the United States and its Baltimore branch
• 1791: Congress chartered the Bank of the United States
• 1792: Baltimore branch of the Bank of the United States opened
• 1811: Charter of the Bank of the United States expired; Congress failed to renew charter; bank officers obtained a charter from the State of New York and continue operating
• 1816: Bank of the United States chartered anew by Congress; popularly called the Second Bank of the United States Baltimore branch of the Bank of the United States opened
• 1818 - 1824 : Bank of the United States constructed its headquarters in Philadelphia, Pa.
• 1832: Congress renewed the charter of the Bank of the United States; President Andrew Jackson vetoed the new charter
• 1833: President Andrew Jackson directed that federal funds be removed from the Bank of the United States and redeposited in state banks
• 1835: Charter of the Bank of the United States expired Merchants’ Bank of Baltimore assumed the business and accounts of the Baltimore branch of the Bank of the United States.
• 1865: Merchants’ Bank of Baltimore merged with the Merchants National Bank of Baltimore
• 1928: First National Bank of Maryland acquirerd the Merchants National Bank and assumed all accounts and files

From the guide to the Bank of the United States (Baltimore, Md.) Records, 1795-1855, (bulk 1816-1846), (Manuscript Division Library of Congress)