-
1500
In the beginning
The word bank teller came around in the fifteenth century with the original definition meaning " someone who counts "
https://penandthepad.com/about-5312193-bank-tellers-called-tellers.html. -
The First Ever Bank
The first ever bank was was called the Bank of The United States in Philadelphia https://www.federalreservehistory.org/essays/first_bank_of_the_us -
New York Investors establishes bank
A group of New York investors establish the Bank of Manhattan. The state of New York charters the bank.
https://www.fdic.gov/about/history/timeline/1800-1849.html -
Bank Failure
The Farmer's Exchange Bank in Rhode Island, fails. The first U.S. bank failure
https://www.fdic.gov/about/history/timeline/1800-1849.html -
Second Ever Bank
The Second Bank of the USA, which is the U.S. government's second attempt at a central bank, is established.
https://www.fdic.gov/about/history/timeline/1900-1919.html -
The Panic Banks
The Second Bank of the United States calls its loans, a panic starts in the U.S., and many banks fail.
https://www.fdic.gov/about/history/timeline/1800-1849.html -
Popularity
Over 400 + banks start to appear and start operating in the US
https://www.fdic.gov/about/history/timeline/1800-1849.html -
Buying of Banks
In the 1900s when banks are now popular entrepreneurs start to buy banks.
https://www.fdic.gov/about/history/timeline/1800-1849.html -
Checks
Checks becomes a more common way of payment
https://www.fdic.gov/about/history/timeline/1800-1849.html -
Super Popular
Now there are 9,018 state banks and 5,564 national banks.
https://www.fdic.gov/about/history/timeline/1800-1849.html -
Central Bank
Congressman Carter Glass sponsors legislation to create a central bank.
https://www.fdic.gov/about/history/timeline/1900-1919.html -
Billionaire Bank
First National City Bank has $1 billion in assets.
https://www.fdic.gov/about/history/timeline/1920s.html -
Extremely Popular
There are 17,583 state banks and 8,150 national banks.
https://www.fdic.gov/about/history/timeline/1920s.html -
Trillion in The Bank
By 2004, three banks exceed a trillion dollars in assets. The number of banks decreases. -
Banks Now
In 2018, there were 4,708 banks in the United States.The number of such registered banks has been declining since 2002.
https://www.statista.com/statistics/184536/number-of-fdic-insured-us-commercial-bank-institutions/
