Union Bank of Delaware facts for kids

The Union Bank of Delaware was an important bank in Wilmington, Delaware. It helped people and businesses with their money for many years. The bank started in 1839 and kept going until 1943.

What Was the Union Bank of Delaware?

The Union Bank of Delaware began its journey on February 15, 1839. It was set up as a state bank, meaning it followed the rules of Delaware. Soon, it became one of the most important banks in the state.

Becoming a National Bank

Over time, the bank grew and changed. On June 20, 1865, it became a national bank. This meant it followed rules from the United States government. When this happened, its name changed to the Union National Bank. Later, in January 1887, it was reorganized again as a National Bank.

Important People at the Bank

Many important people helped start and run the Union Bank. Some of the first people who helped set it up were Edward Tatnall, James A. Bayard, Jr., William Lea, and Mahlon Betts.

James Price was the very first chairman of the bank. A chairman is like the leader of the bank's board. The first cashier, who handled money, was William P. Brobson. Later, James Canby became an early president. Other important leaders included Isaac Starr, Victor Du Pont, and Preston Lea.

The Bank Joins Wilmington Trust

After many years of serving the community, the Union National Bank joined another large bank. In 1943, Wilmington Trust bought the bank. This meant the Union Bank of Delaware stopped operating on its own and became part of Wilmington Trust.