382:, which had been formed in Brooklyn in 1914. Kaufman became chairman of the executive committee of the new organization, resigning the same year. By the time Kaufman retired in 1932, the bank had increased 50-fold in size from its formation in 1911. On March 21, 1934, Chatham-Phenix National Bank served as a trustee in the receivership of the American Fuel and Power Company. In May 1935, an employee won a judgement against the Chatham Phenix National Bank and Trust Company and the Chatham Phenix Corporation, after a stock sales offer Chatham Phenix National Bank and Trust Company made in August 1929 to its employees was deemed "sales talk."
542:
363:
442:. The others at the time included Harden L. Crawford, Desmond Dunne, Ellis P. Earle, O. G. Fessenden, John H. Hansen, Horace E. Andrews, Frank J. Heaney, Parmely W. Herrick, Richard H. Higgins, H. Stuart Hotchkiss, William A. Law, Frank R. Lawrence, Waldo H. Marshall, Henry F. Shoemaker, Charles A. Starbuck, Sanford H. Steele, Albert A. Tilney, John D. Vermeule, and Samuel Weil.
1648:
556:
293:
institution. As of
December 31, 1915, Chatham-Phenix was third in the United States for most profit earned on capital stock. By the end of 1916, the bank had deposits of about $ 86 million. At the time, Chatham and Phenix was "the only national branch which operates local branches, of which it has twelve," reported the
618:
The tombstone ad for the issue said it consisted of a 6% first mortgage of 12-year sinking fund bond certificates denoted "Series A." They were dated June 15, 1928, and were to mature on June 15, 1940. The certificates were secured by a first mortgage of $ 2,075,000 of which $ 150,000 was designated
493:
building. The building was turned back into a theater in 1933, after
Chatham and Phenix Bank was acquired by the Manufacturers Trust Company the year prior. In November 1919, the bank signed a lease for the store and part of the basement at 434-438 Broadway, with the lease running until October 31,
252:
In 1911, Chatham
National Bank of New York's president brought about a merger with Chatham National Bank of New York and Phenix National. In the early 1911 deal, Chatham National paid $ 1,880,000 to absorb the asset of the Phenix National Bank, creating Chatham and Phenix National. Deposits of the
292:
as president, and three vice presidents. The merger was completed on
January 14, 1915. The value of the merged institutions was $ 32,000,000. At the time, Kaufman was president of the Chatham, with Kaufman putting the deal through. In July 1915, the bank was in talks to potentially become a state
218:
Phenix Bank was established in 1812 as the banking division of the New York
Manufacturing Company, which made cotton looms and supplies. As the banking division initially focused on selling wire, it was named Wire Bank, becoming an independent institution in 1817 under the name Phenix Bank, with
317:
which finished the year with no debt to that Bank, either bills payable or rediscounts." On
November 7, 1921, Chatham and Phenix announced it had purchased New York County National Bank, to become a twelfth branch of the larger company. At the time, Chatham and Phenix had deposits of around $
354:. The bonds were 6% Guaranteed Sinking Fund Gold Bond Certificates held under a trust mortgage with the Chatham Phenix National Bank and Trust Company. In 1929, Kaufman was made chairman of the Chatham Phenix Allied Corporation, an "investment concern of $ 50,000,000 capital."
334:
in
January 1922, by accepting donations to establish an annual prize for "meritorious public service." As of March 10, 1922, deposits at the bank were $ 145,104,322, up from December 31, 1921 deposits of $ 141,741,371. In March total resources were placed at $ 176,614,626.
208:
243:
became the president of
Chatham National Bank of New York, although only after receiving special dispensation allowing him to remain president of First National Bank of Marquette. When Kaufman became president of Chatham, the bank's deposits were about $ 7,000,000.
189:
Chatham Phenix
National Bank and Trust Company of New York was organized in 1925 with resources of around $ 300,000,000. At the time of its formation, it was one of the ten largest banks in the United States. In 1932, the company merged with the
710:"Bankers Lay Plans for Triple Merger; Chatham and Phenix National to Buy and Liquidate Mutual Alliance Trust Company. Favorable Vote Expected If Deal Goes Through, Two of Trust Company Branches Will Be Sold to the Century Bank"
889:"Chatham & Phenix Completes Merger; Buys Control in New York County National, to Be Made a Twelfth Branch. Expansion Policy is Old - Larger Institution Has Increased Its Trade Centres Ever Since Middle of Last Century"
462:, a floor-space increase of 20,000 to 26,000 square feet (1,900 to 2,400 m). The final move was made on December 30, 1916, out of the John Street building for several hundred employees and officers and into what the
397:
wrote that "Manufacturers Trust had its beginnings in the
Chatham Phenix National Bank and Trust Company... and the Manufacturers Trust Company, which was founded in Brooklyn in 1853 as the Manufacturers National Bank."
279:
In 1915, Century Bank was absorbed, as well as its branches, and Chatham National Bank became the first national bank to operate branches in the same city with the main bank. In January 1915, there were negotiations for
506:
reported that Chatham and Phenix National Bank would pay "approximately $ 1,000,000 in rentals during the next forty-two years" for the corner store ad part of the basement of a new building at the "southwest corner of
1325:"CHATHAM & PHENIX IN BIG BANK MERGER; Consolidation With Metropolitan Trust to Make It One of Ten Largest Here. NEW NAME IS SIGNIFICANT National Institution Is Allowed to Retain "Trust Company" for the First Time"
849:"$ 32,000,000 Merger of Banks Effected; Sum Represents Deposits of Chatham-Phenix National and Alliance Trust. Terms Not Made Public - Century Takes Over Branches -- $ 10,400,000 of Assets Moved After Business Hours"
312:
reported that the Chatham and Phenix Nation Bank was "one of the few institutions in New York which enjoyed an increase in deposits during the year just ended." Also, the bank was one of the "few members of the
234:
The Chatham Bank was established in 1850. On August 14, 1910, it was reported that George M. Hard had resigned as president of Chatham National Bank after fifty years with the bank, and had been elected
178:
was formed in 1911 when Chatham National Bank paid $ 1,880,000 to absorb the asset of the Phenix National Bank. The bank grew significantly as it absorbed smaller banking institutions, such as
458:. By 1916, the Chatham and Phenix National Bank had been headquartered at Broadway and John Street for close to fifty years. At the end of December 1916, the bank moved into the
1652:
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1498:
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163,000,000. As of March 9, 1921, Chatham and Phenix National was one of four national banks in New York City operating branch offices, also including the
1494:
350:
On June 15, 1928, financier Louis L. Horch arranged for the American Bond and Mortgage Company to underwrite a bond of $ 1,925,000 to cover costs of the
643:
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709:
574:
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in 1915, at which point Chatham and Phenix National Bank became the "first national bank to operate branches in the same city with the main bank."
1083:
848:
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343:
Chatham Phenix National Bank and Trust Company of New York was organized in 1925 with resources of around $ 300,000,000 after it merged with
1380:
Staff (July 14, 1928). "$ 1,925,000 Loan on Art Skyscraper; American Bond and Mortgage Company Finances Roerich Museum on Riverside Drive".
1423:
1027:
386:
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1673:
1084:"Banks Earns $ 7,164,000 On $ 10,000,000 Capital; First National Leads in Profits for the Year -- Liberty Next, Chatham-Phenix Third"
347:
of New York, which had been founded in 1881. At the time of its formation, it was one of the ten largest banks in the United States.
1688:
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By the end of 1916, the bank was "the only national branch which operates local branches, of which it has twelve," reported the
327:
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as Series "B" and was subordinate to the bond issue. The corporate trustee was Chatham Phenix National Bank and Trust Co.
579:
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became president of Chatham National Bank of New York in 1910, overseeing its merger with Phenix National a year later.
281:
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described as "one of the largest and finest banking rooms in the city," fitted at a cost of $ 300,000 into what the
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company of New York was worth $ 1,000,000, and the majority of its assets were kept in the Phenix National Bank in
494:
1940. In April 1920, it was reported that the Bowery branch of the bank would move to a new $ 500,000 location at
331:
644:"Bank's Stock Sale to Employee Voided; Court Holds Offer by the Chatham Phenix Was a 'Sales Talk,' Not Contract"
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1499:"Streetscapes: The Sutton, 57th Street Near Third Avenue; Movie Theater's Facade Undergoes a Drastic Change"
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on December 30, 1916. On July 3, 1917, Chatham & Phenix National Bank and other institutions donated
1400:
unknown (July 18, 1928). "New Issue; $ 1,925,000; Riverside Drive & 103d St. Bldg. (tombstone ad)".
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1616:
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522:. As of February 1922, the building was being used as well for meetings by organizations such as the
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1056:"Bank May Change Charter; Report That Chatham & Phenix Is Likely to Become State Institution"
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in its entirety. Chatham and Phenix Officers at the time included George M. Hard as chairman,
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Property Owners' Association. As of 1965, the Chatham-Phenix Building at 29-28 41 Avenue in
423:
407:
289:
211:
134:
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wrote that the Chatham Phenix National Bank and Trust Company was helped to be started by "
1353:"BANK MERGER APPROVED.; Metropolitan Trust Stockholders Vote to Join Chatham & Phenix"
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969:"President Hard Resigns; L.G. Kaufman Takes His Place as Head of the Chatham National"
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923:"Oldest Link in Manufacturers Trust 'Tree,' 'Wire Bank,' Founded 125 Years Ago Today"
676:"Phenix National 188; This Price Fixed by Committee for Merger with Chatham National"
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1120:"Big Bank Will Move; The Chatham and Phenix to Take Quarters in the Singer Building"
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By 1921, Chatham and Phenix National Bank had its main office in the now-demolished
482:
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in Manhattan was remodeled by Chatham and Phenix National Bank and joined to the
239:
by the board. Shortly after becoming a member of the Chatham board, after Hard,
220:
1530:"Commercial Leases; Phenix National Bank in $ 1,000,000 Seventh Avenue Rental"
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In 1932, the Chatham Phenix National Bank and Trust Company merged with the
371:
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44:
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building. Finished in 1918, the new bank was designed by architects
1559:"New Bank Branch; Chatham and Phenix National Adds to Bowery Plot"
361:
330:. Chatham and Phenix National Bank was one of 12 to support the
81:(as Chatham Phenix National Bank and Trust Company of New York)
949:
Staff (December 18, 1895) "Receiver for Lombard & Ayres",
817:. Michigan State Housing Development Authority. Archived from
156:
Chatham Phenix Corporation, Chatham Phenix Allied Corporation
1028:"The Bank Merger; 'Manny Hanny': A Name for History Books"
28:
Chatham Phenix National Bank and Trust Company of New York
389:
was formed through the merger of Manufacturers Trust and
518:
The Chatham and Phenix Building was located at 67 West
470:
described as "offices with the most modern equipment."
263:, the renowned American financier." At one point, the
790:"A New Face in New York's Gallery of Bank Presidents"
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489:, bank specialists who had also designed the 1908
305:dividends to the Red Cross War Finance Committee.
253:two banks as of January 7, 1911 was $ 17,957,209.
450:The original Chatham and Phenix building was at
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271:estates were identified with the institution.
164:Chatham Phenix National Bank and Trust Company
1653:Catham Phenix National Bank and Trust Company
1419:"Dinner with Kaufmans Part of Museum Auction"
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339:1925-1931: Addition of Trust Co. of New York
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1699:1932 disestablishments in New York (state)
26:
575:List of bank mergers in the United States
231:, where Josiah Lombard was the director.
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998:. Kaufman Auditorium.org. Archived from
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758:"L. G. Kaufman Dies; Ex-Banker Here, 69"
206:
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1239:"National City Bank Buys a State Bank"
1469:Fire and Water Engineering, Volume 53
1268:"Banks Will Accept Wilson Fund Gifts"
406:As of early 1915, directors included
358:1932: Merger with Manufacturers Trust
74:(as Chatham and Phenix National Bank)
7:
1669:1911 establishments in New York City
1026:Hylton, Richard D. (July 16, 1991).
275:1915-1924: Acquisitions and branches
1210:"1920 Good for Chatham-Phenix Bank"
477:. In 1917, the theater at 205 East
387:Manufacturers Hanover Trust Company
1694:Defunct banks of the United States
1417:Crary, Rachel (October 24, 2007).
1297:"Chatham and Phenix Deposits Grow"
996:"History of Graveraet High School"
248:1911: Merger of Phenix and Chatham
25:
18:Chatham National Bank of New York
1646:
554:
540:
176:Chatham and Phenix National Bank
36:Chatham and Phenix National Bank
1152:"Chatham and Phenix Bank Moves"
446:Buildings and branch locations
1:
590:List of banks in the Americas
320:Mechanics and Metals National
286:Mutual Alliance Trust Company
180:Mutual Alliance Trust Company
1684:Banks based in New York City
1679:Banks disestablished in 1932
1440:"Receiver for Power Company"
796:. Vol. 10. p. 391.
580:Banking in the United States
203:Phenix Bank and Chatham Bank
1586:Staff (February 16, 1922).
1150:Staff (December 30, 1916).
1118:Staff (December 23, 1916).
674:Staff (February 17, 1911).
282:Chatham and Phenix National
1720:
1615:Staff (October 13, 1965).
1266:Staff (January 30, 1922).
1208:Staff (January 12, 1921).
1181:"Red Cross Gets $ 173,000"
1082:Staff (January 27, 1916).
887:Staff (November 8, 1921).
847:Staff (January 15, 1915).
708:Staff (January 10, 1915).
595:List of New York companies
530:remained open to tenants.
345:Metropolitan Trust Company
297:. The bank moved into the
172:Chatham Phenix Corporation
1674:Banks established in 1911
967:Staff (August 14, 1910).
332:Woodrow Wilson Foundation
284:to buy and liquidate the
1689:History of New York City
1557:Staff (April 13, 1920).
1528:Staff (August 4, 1921).
1474:University of California
1438:Staff (March 22, 1934).
1295:Staff (March 21, 1922).
756:Staff (March 11, 1942).
585:Economy of New York City
1427:. Marquette, Minnesota.
1403:Buffalo Courier Express
1237:Staff (March 9, 1921).
1054:Staff (July 30, 1915).
921:Staff (June 15, 1937).
502:." In August 1921, the
241:Louis Graveraet Kaufman
1179:Staff (July 4, 1917).
642:Staff (May 25, 1935).
487:Mowbray & Uffinger
432:Frederick D. Underwood
375:
215:
54:Chatham National Bank
1383:New York Evening Post
815:Historic Sites Online
365:
308:In January 1921, the
210:
59:Phenix National Bank
1655:at Wikimedia Commons
1497:(February 8, 2004).
548:New York City portal
315:Federal Reserve Bank
91:Acquired in 1932 by
1617:"Real Estate Notes"
1476:, 1913, p. 266
606:Informational notes
513:Thirty-ninth Street
380:Manufacturers Trust
225:Lombard & Ayres
219:headquarters at 24
192:Manufacturers Trust
170:connected with the
93:Manufacturers Trust
29:
1622:The New York Times
1593:The New York Times
1564:The New York Times
1535:The New York Times
1504:The New York Times
1445:The New York Times
1424:The Mining Journal
1358:The New York Times
1330:The New York Times
1302:The New York Times
1273:The New York Times
1244:The New York Times
1215:The New York Times
1186:The New York Times
1157:The New York Times
1125:The New York Times
1089:The New York Times
1061:The New York Times
1033:The New York Times
974:The New York Times
952:The New York Times
928:The New York Times
894:The New York Times
854:The New York Times
763:The New York Times
715:The New York Times
681:The New York Times
649:The New York Times
416:August Belmont Jr.
395:The New York Times
376:
328:National City Bank
261:J. Pierpont Morgan
256:The New York Times
216:
174:. Its predecessor
1651:Media related to
1495:Gray, Christopher
1361:. 30 January 1925
1002:on March 28, 2012
491:Dime Savings Bank
440:Daniel J. Carroll
352:Master Apartments
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