COMPANY·HISTORIES
SIC 6022

State Commercial Banks & Trust Companies

How the companies in this industry began, and the forces that shaped them.

32companies1803–1988founding years32still active0no longer operating
§ 01

The industry over time

Companies foundedEconomyTechnologyEnvironmentHistory
FoundedCoreStates Financial Corp
1803
FoundedNational City Corp.
1845
FoundedU.S. Trust Corp.
1853
FoundedBank of Mississippi, Inc.
1876
1903
TechnologyThe Wright brothers achieve powered flight.
FoundedDauphin Deposit CorporationFoundedHuntington Bancshares Inc.
1905
1914
EconomyWorld War I begins; global trade reorders.
FoundedBayBanks, Inc.
1928
FoundedFirst Bank System Inc.
1929
EconomyThe stock market crashes; the Great Depression spreads worldwide.
FoundedNBD Bancorp, Inc.
1933
1939
EconomyWorld War II begins; wartime production surges.
1945
EconomyThe war ends; a long global expansion begins.
1947
TechnologyThe transistor is invented.
FoundedSociety Corporation
1958
TechnologyThe integrated circuit is demonstrated.
FoundedSignet Banking Corporation
1962
EnvironmentSilent Spring launches the modern environmental movement.
FoundedKeyCorp
1970
FoundedFirst of America Bank Corporation
1971
EconomyThe dollar leaves the gold standard; currencies float.
FoundedStar Banc Corporation
1973
EconomyThe OPEC oil embargo triggers a global shock.
FoundedThe Summit Bancorporation
1974
1975
TechnologyThe personal-computer era begins.
1979
EconomyA second oil crisis drives inflation higher worldwide.
1981
TechnologyThe IBM PC launches and sets a standard.
FoundedMeridian Bancorp, Inc.
1983
FoundedHancock Holding Company
1984
TechnologyApple ships the Macintosh; the GUI era begins.
FoundedSunTrust Banks Inc.
1985
1987
EconomyBlack Monday: markets fall sharply around the world.
1989
HistoryThe Berlin Wall falls; global markets open up.
1991
TechnologyThe World Wide Web is released to the public.
1993
TechnologyThe Mosaic browser brings the web to everyone.
1995
TechnologyWindows 95 launches; the internet goes mainstream.
1997
EconomyThe Asian financial crisis rattles global markets.
EnvironmentThe Kyoto Protocol sets the first climate targets.
2000
EconomyThe dot-com bubble bursts.
2004
TechnologySocial media and Web 2.0 take hold.
2007
TechnologyThe iPhone launches the smartphone era.
2008
EconomyThe global financial crisis freezes credit worldwide.
2010
TechnologyCloud computing goes mainstream for business.
2015
EnvironmentThe Paris Agreement sets global climate targets.
2020
EconomyThe COVID-19 pandemic upends the global economy.
2022
EconomyInflation spikes; central banks raise rates sharply.
2023
TechnologyGenerative AI reaches mainstream business use.
§ 02

The companies

CoreStates Financial Corp →
Active · founded 1803
CoreStates Financial Corp is a major, Philadelphia-based regional bank holding company whose basic banking services are…
National City Corp. →
Active · founded 1845
With more than $32 billion in assets and over 600 branch offices in Ohio, Kentucky, and Indiana, National City Corp.
Boatmen's Bancshares Inc. →
Active · founded 1847
Boatmen's Bancshares Inc.
U.S. Trust Corp. →
Active · founded 1853
U.S.
West One Bancorp →
Active · founded 1867
West One Bancorp is Idaho's oldest and largest banking concern; with more than 200 offices in Idaho, Washington,…
Bank of Mississippi, Inc. →
Active · founded 1876
The Bank of Mississippi, Inc., is one of the strongest and most influential chains of state banks in America's deep…
Southtrust Corporation →
Active · founded 1887
The SouthTrust Corporation is a multi-bank holding company with operations in six southeastern states.
Dauphin Deposit Corporation →
Active · founded 1905
Dauphin Deposit Corporation is one of the most successful mid-sized bank holding companies in the country, overseeing…
Huntington Bancshares Inc. →
Active · founded 1905
Huntington Bancshares Inc.
The Yasuda Trust and Banking Company, Limited →
Active · founded 1925 · Japan
Since establishing its first overseas branch some two decades ago, Yasuda Trust and its subsidiaries have been actively…
BayBanks, Inc. →
Active · founded 1928
BayBanks, Inc., is one of the largest and most successful bank holding companies in New England.
First Security Corporation →
Active · founded 1928
First Security Corporation, the oldest multistate bank holding company in the United States, operated 245 full-service…
First Bank System Inc. →
Active · founded 1929
First Bank System Inc.
Barnett Banks, Inc. →
Active · founded 1930
In 1993 Business Week magazine called Barnett Banks, Inc., "Florida's most dynamic bank." Jacksonville-based Barnett…
NBD Bancorp, Inc. →
Active · founded 1933
NBD Bancorp, Inc.
First Virginia Banks, Inc. →
Active · founded 1949
First Virginia Banks, Inc.
Society Corporation →
Active · founded 1958
Headquartered in Cleveland, Ohio, Society Corporation is one of the fastest-growing and most innovative bank holding…
Signet Banking Corporation →
Active · founded 1962
Signet Banking Corporation is a registered multi-bank, multi-state holding company with 24-hour telebanking, 240…
Chemical Banking Corporation →
Active · founded 1968
The Chemical Banking Corporation, a multibillion dollar bank holding company, began as a division of a New York City…
KeyCorp →
Active · founded 1970 · United States
KeyCorp is one of the national's 30 largest banks with banking and other financial services subsidiaries in the…
Mercantile Bankshares Corp. →
Active · founded 1970
Mercantile Bankshares, Inc.
First of America Bank Corporation →
Active · founded 1971
First of America Bank Corporation is one of the Midwest's largest bank holding companies and is ranked among the top 35…
Michigan National Corporation →
Active · founded 1972
Michigan National Corporation is a bank holding company for nationally and state-chartered commercial banks and…
Star Banc Corporation →
Active · founded 1973
Star Banc Corporation is a bank holding company for nationally and state-chartered commercial banks in the tristate…
The Summit Bancorporation →
Active · founded 1974
The Summit Bancorporation is the holding company for Summit Bank, New Jersey's fourth largest bank.
Abigail Adams National Bancorp, Inc. →
Active · founded 1977
Abigail Adams National Bancorp, Inc.
Meridian Bancorp, Inc. →
Active · founded 1983
Meridian Bancorp is one of the largest and most venerable of the regional financial services holding companies on the…
Habersham Bancorp →
Active · founded 1984
Established as a holding company in 1984, Habersham Bancorp combines Habersham Bank--a northeast Georgia financial…
Hancock Holding Company →
Active · founded 1984
Hancock Holding Company was incorporated in 1984 to acquire the Hancock Bank of Gulfport, Mississippi.
First USA, Inc. →
Active · founded 1985
First USA, Inc.
SunTrust Banks Inc. →
Active · founded 1985
A holding company formed by Trust Company of Georgia in 1985, SunTrust Banks Inc.
Shawmut National Corporation →
Active · founded 1988
Shawmut National Corporation is one of New England's largest banking companies, offering financial products and…
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