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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 Within a year after the Union was founded in 1781, the Bank of North America superseded the Bank of Pennsylvania.^[1]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

^ Kaplan, Edward S. (1999). The Bank of the United States and the American Economy. Greenwood Publishing. pp. 11–12.
^ Klein, Philip Shriver; Ari Hoogenboom (1973). A History of Pennsylvania. Penn State Press. pp. 223.
^ History of the Friendly Sons of St. Patrick and the Hibernian Society for the Relief of Emigrants from Ireland, John Hugh Campbell, Hibernian Society, 1892

[0] Kaplan, Edward S. (1999). The Bank of the United States and the American Economy. Greenwood Publishing. pp. 11–12.

[1] Klein, Philip Shriver; Ari Hoogenboom (1973). A History of Pennsylvania. Penn State Press. pp. 223.

[2] History of the Friendly Sons of St. Patrick and the Hibernian Society for the Relief of Emigrants from Ireland, John Hugh Campbell, Hibernian Society, 1892

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