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Commerce was founded by Francis Reid Long with $10,000 in capital in 1865, just as communities were rebuilding during post-Civil War Reconstruction. Originally known as the Kansas City Savings Association, it was acquired in 1881 by Dr. William Stone Woods and renamed the National Bank of Commerce, claiming at the time to be the largest bank west of Chicago. [5]
Institutional investors Digging in a bit further, the largest institutional stakeholders in Bank of America are asset managers. Bond giant BlackRock tops the list at 5.2% ownership, followed by ...
Bank of America's logo from 1969 to 1998 Bank of America Tower, headquarters for Bank of America's investment banking operations, seen from Bryant Park in Midtown Manhattan, in 2015 Following passage of the Bank Holding Company Act of 1956 by the U.S. Congress , [ 24 ] BankAmerica Corporation was established for the purpose of owning and ...
Hill's motto for Commerce was “America’s most convenient bank”. [9] Commerce Bank staff were awarded $5,000 if a nearby rival bank closed its branches; hundreds of mystery shoppers made tens of thousands of store visits annually, and salary increases were based on mystery shopping scores. Top-performing managers were given sports cars. [10]
You might know Bank of America (NYSE: BAC) as one of the world's largest financial institutions. It is a well-known consumer-facing bank with over $3.2 trillion in assets today. You might also ...
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Commerce Bank Harrisburg, an independent franchise of Commerce Bancorp in Harrisburg, Pennsylvania, U.S. Commerce Bank & Trust of Topeka, former name of CoreFirst Bank & Trust, Topeka, Kansas; Commerce National Bank, Columbus, Ohio; Global Commerce Bank, Doraville, Georgia; Texas Commerce Bank, acquired by Chemical Banking Corporation of New ...
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