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absorbed the
Gallatin National Bank, which combined to become one of the country's largest. At the time of the merger, the Hanover had deposits of approximately $ 100,000,000 and its capital and surplus totaled $ 16,500,000 whereas the Gallatin had capital of $ 1,000,000, with surplus of $ 2,000,000
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in late 1929, which was the tallest office building in the world when finished. In 1898, Arthur W. Sherman, for many years the cashier of the
Gallatin National died at the Metropolitan Club. Following Tappen's death in 1902, he was succeeded by
561:"W.H. PORTER HEAD OF CLEARIHG HOUSE; President of the Chemical National Elected to Succeed Alexander Gilbert. FULL LIST OF COMMITTEES Bankers Well Pleased with the New President -- Manager Sherer Submits His Yearly Report"
170:, who served as president until his death in 1902. Tappen entered the bank in 1850 in a junior position and became "a leading figure in the financial history of New York during his presidency, having as President of the
477:"RAZING BUILDINGS ON WALL STREET; Ten Tall Office Structures Are Being Torn Down for Two High Banking Edifices. OLD GALLATIN BANK GONE Third Towering Structure Under Way on South Street Front at Foot of Wall Street"
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and deposits of more than $ 7,000,000. Upon the consolidation, Gallatin's president, Samuel
Woolverton, became a vice president of Hanover, and a director, along with
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In 1857, the capital of the bank was increased to $ 1,500,000 and, in 1865, when the bank entered the
National system, its name was changed to the
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on land purchased after the James
Gallatin resigned in 1868. The building was extant for forty-two years until it was torn down to make room for
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under a special charter in 1829 but did not begin business until 1831. It was organized by a group of New York businessmen including
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to honor the involvement of the
Gallatin family. The younger Gallatin served as president until 1868 when he was succeeded by
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393:"HANOVER ABSORBS GALLATIN NATIONAL; Both Banks Grew with Financial District and Hanover Became One of Country's Largest"
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449:"FUNERAL OF F. D. TAPPEN.; Leading' Business Men Attended the Services at All-Souls P. E. Church"
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The Iselin family were related to the
Gallatin family in that
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was a bank headquartered in New York City founded in 1829 by
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taken the lead in guiding the banks of the city through the
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In 1912, the directors of the
Gallatin National Bank were:
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at 38 Wall Street, between Nassau and
William Streets
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248:(representing the Iselin family interests) and
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643:1831 establishments in New York (state)
533:"SAMUEL WOOLVERTON, RETIRED BANKER, 87"
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137:National Bank in the City of New York
36:National Bank in the City of New York
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648:1912 establishments in New York City
111:. In 1912, it was absorbed into the
638:Defunct banks of the United States
193:, a new building completed by the
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359:Louis Pascault, Marquis de Poleon
228:United States Treasury Building
590:"The Social Athens of America"
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594:Harper's New Monthly Magazine
195:Bank of the Manhattan Company
181:In 1887, the Bank opened the
633:Banks based in New York City
135:The bank was founded as the
596:. Harper & Brothers: 22
588:Alden, Henry Mills (1882).
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357:both married daughters of
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204:New York Clearing House
106:U.S. Treasury Secretary
282:(president: 1902–1912)
276:(president: 1868–1902)
270:(president: 1839–1868)
264:(president: 1829–1839)
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183:Gallatin Bank Building
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129:Gallatin Bank Building
102:Gallatin National Bank
17:Gallatin National Bank
618:New York Bank History
241:Hanover National Bank
235:Hanover National Bank
233:Further information:
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210:Hanover National Bank
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113:Hanover National Bank
55:Hanover National Bank
310:Frederic W. Stevens
274:Frederick D. Tappen
168:Frederick D. Tappen
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566:The New York Times
538:The New York Times
510:The New York Times
482:The New York Times
454:The New York Times
426:The New York Times
398:The New York Times
351:Columbus O'Donnell
349:'s father-in-law (
322:Charles A. Peabody
318:W. Emlen Roosevelt
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224:James Earle Fraser
149:Treasury Secretary
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93:Financial services
541:. 29 January 1952
513:. 9 February 1898
326:Samuel Woolverton
306:Adrian Iselin Jr.
280:Samuel Woolverton
200:Samuel Woolverton
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569:. 7 October 1908
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457:. 4 March 1902
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172:Clearing House
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62:Headquarters
218:Statute of
32:Predecessor
627:Categories
600:29 October
573:29 October
545:29 October
517:29 October
489:29 October
461:29 October
433:29 October
405:29 October
287:References
256:Leadership
74:Key people
68:, New York
206:in 1908.
89:Products
22:Industry
369:Sources
119:History
42:Founded
26:Banking
353:) and
57:(1912)
292:Notes
602:2021
575:2021
547:2021
519:2021
491:2021
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127:The
100:The
50:Fate
45:1829
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
