Bank of Delaware

Founded 1795 in Wilmington; first bank to operate in the state; operated until 1930.

From the description of Bank of Delaware records, 1795-1930 (bulk 1795-1866). (Historical Society of Delaware). WorldCat record id: 70977562

The Bank of Delaware is a statewide financial services company that was organized on June 1, 1795. It received its original charter on February 9, 1796 becoming the first bank in and of the State of Delaware. In 1865 it received a national charter under the National Banking Act and was renamed the National Bank of Delaware at Wilmington. It operated under this name until its 1930 failure and subsequent acquisition by the Security Trust Company. The name "Bank of Delaware" was revived by the successor company in 1958. The Bank of Delaware's holding company was merged into PNC Financial Corp. in 1989.

Beginning in the 1950s the history of the Bank of Delaware follows the statewide pattern of the establishment of differing and specialized classes of banks, their proliferation throughout the state and finally their combination through merger and acquisition into large, statewide, multi-service financial institutions.

From the description of Records, 1795-1970. (Hagley Museum & Library). WorldCat record id: 122558853