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The Bank of Florence was a wildcat bank located in Florence, Nebraska Territory. It originally operated for three years in the 1850s, and another bank adopted the name and location in 1904. Today the building that housed the bank is the Bank of Florence Museum.
A factor was dispatched to Venice to seek out investment opportunities. He did well and on March 25, 1402, the third branch of the Medici bank was opened. It suffered from some initial mismanagement (by the factor who had previously done so well—he made the fatal mistake of violating the partnership agreement and loaning money to Germans; on a more humane note, he would eventually become a ...
In 1992 the bank also formed a common holding company Casse Toscane for the Saving Bank of Florence, Livorno, Pisa, Pistoia–Pescia, San Miniato and Banca del Monte di Lucca. Ente Cassa di Risparmio di Firenze was the largest shareholders of the holding company.
The Medici Bank, from when it was created in 1397 to its fall in 1494, was one of the most prosperous and respected institutions in Europe, and the Medici family was considered the wealthiest in Europe for a time. From this base, they acquired political power initially in Florence and later in wider Italy and Europe.
The most powerful banking families came from Florence, including the Acciaiuoli, Mozzi, [134] Bardi and Peruzzi families, which established branches in many other parts of Europe. [1] Probably the most famous was the Medici bank, set up by Giovanni di Bicci de' Medici in 1397 [2] and continuing until 1494. [135]
The Bank of Florence in present-day Omaha. The 1850s saw a new wave of free banking laws and outbreaks of wildcat banking in Tennessee, Indiana, Wisconsin and the Nebraska Territory. [24] The laws of Indiana and Wisconsin allowed bankers to start business with minimal capital and accepted discounted state bonds at their face value as a security ...