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Citibank, (formerly City Bank of New York) was chartered by the State of New York on June 16, 1812, with $2 million (~$43.4 million in 2023) of capital. [9] [10] Serving a group of New York merchants, the bank opened for business on September 14 of that year, [citation needed] and Samuel Osgood was elected as the first President of the company. [9]
Citibank, N.A. ("N. A." stands for "National Association"; stylized as citibank) is the primary U.S. banking subsidiary of Citigroup, a financial services multinational corporation. [2] Citibank was founded in 1812 as City Bank of New York, and later became First National City Bank of New York. [3] The bank has branches in 19 countries.
First National City Bank of New York after 1955 James Stillman Rockefeller: 1959: 1967: First National City Bank after 1962 George S. Moore: 1967: 1970: First National City Corporation in 1968 Walter B. Wriston: 1970: 1984: Citicorp in 1974 John S. Reed: 1984: 2000: Co-chair of Citigroup after 1998 Sanford I. Weill: 1998: 2006: Co-chair 1998 ...
In 1927, he joined Farmers' Loan and Trust Company in New York City. The bank would merge with First National City Bank. He was the president of Citibank (the predecessor to Citigroup) from 1959–1967 and later chairman from 1967 to 1970. He was succeeded by Walter B. Wriston who was president from 1967 to 1970.
Jane Fraser (born 13 July 1967) is a British-American banking executive who is the chief executive officer (CEO) of Citigroup, a position she has held since March 2021. [1] [2] Educated at Girton College, Cambridge, and Harvard Business School, she worked at McKinsey & Company for 10 years, rising to partner prior to joining Citigroup in 2004.
John Shepard Reed (born February 7, 1939) [1] is the former chairman of the New York Stock Exchange. He previously served as chairman and CEO of Citicorp, Citibank, and post-merger, Citigroup. He is the past chairman of the Massachusetts Institute of Technology's board of trustees. [2]