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Bank of Pennsylvania building designed by Benjamin Henry Latrobe The Bank of Pennsylvania was established on July 17, 1780 by Philadelphia merchants to provide funds for the Continental Army during the American Revolutionary War. Within a year after the Union was founded in 1781, the Bank of North America superseded the Bank of Pennsylvania.[1] In 1793, the Bank of Pennsylvania was re-established, with a charter from the Commonwealth of Pennsylvania, and branches were opened in Pittsburgh, Harrisburg, Lancaster, Reading, and Easton.[2] The bank later collapsed in September 1857, with Thomas Allibone of the family firm Thomas Allibone & Co. serving as its president.[3] [edit] References
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