A Path to Steam
Bank of NY
The Bank of New York was a global financial services company established in 1784 by the American Founding Father Alexander Hamilton.
The Bank of New York was founded on June 9, 1784, making it the oldest bank in the United States. Alexander Hamilton wrote the new bank’s constitution, and became the individual most actively involved in the organization of The Bank of New York, guiding it through its early stages. The bank opened for business at the Walton House in Lower Manhattan only a few months after the departure of British troops from American soil. It opened with a capitalization of $500,000. William Seton, future father-in-law of Saint Elizabeth Seton, was named director in 1786.
1792: The Bank of New York was the first corporate stock to be traded on the New York Stock Exchange.