The proposed merging of the First Federal Foreign Banking Association with the Bank of the Manhattan Co., will, if ratified by stockholders of the first-named, unite one of the oldest with one of the newest American banks. The First Federal Foreign Banking Association was created under the Edge Act to specialize in foreign banking, and opened June, 1920.
The Bank of the Manhattan Co. was chartered in 1799 through the efforts of Aaron Burr. Previous to that date, the N. Y. State Assembly had allowed only one bank to be created—the Bank of New...
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