Bank of Wilmington and Brandywine facts for kids
The Bank of Wilmington and Brandywine was an important bank in Wilmington, Delaware. It helped people and businesses with their money for over 100 years, from 1810 until 1912. After many years, it joined with another big bank called Wilmington Trust.
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The Bank of Wilmington and Brandywine
This bank was a key part of the financial history of Delaware. It served the community for more than a century, helping the city of Wilmington grow and develop.
How It Started
The bank first opened its doors in April 1810. It was known as the Bank of Wilmington and Brandywine. At that time, banks were very important for local businesses and families to save money and get loans. This bank quickly became a trusted place for people in Wilmington.
A New Name
After operating for many years under its original name, the bank changed its name in May 1855. From then on, it was called the National Bank of Wilmington and Brandywine. This new name showed its importance and connection to the national banking system.
Important People
Many important people helped lead the bank during its long history. Some of the directors who guided the bank were Mahlon Betts, James Canby, and John Wales. These leaders made important decisions about how the bank operated. The very last president of the bank, before it joined with another company, was George S. Capelle.
Joining Forces
On July 15, 1912, the National Bank of Wilmington and Brandywine joined forces with another bank called First National Bank. Both banks became part of the Wilmington Trust. This big merger created one of the largest banks on the East Coast of the United States at that time. It was a major event in the banking world.
