Citizens Bank was the successor institution. [33] Subsequent efforts by Calhoun and Clay to earmark the bank's $1.5 million establishment "bonus", and annual dividends estimated at $650,000, as a fund for internal improvements, were vetoed by President Madison, on strict constructionist grounds. You can use the phone number +1 937-548-2122 to contact the company. Once again the United States was faced with another colossal war debt. For more than 135 years, Park National Bank has provided Greenville with exceptional banking services that helps make our community a better place. Second Bank of the United StatesThe info about the Second Bank of the United States continues with interesting facts and important information about this important event that occured during the presidency of the 4th President of the United States of America. [23], The political support for the revival of a national banking system was rooted in the early 19th century transformation of the country from simple Jeffersonian agrarianism towards one interdependent with industrialization and finance. The building's exterior uses Pennsylvania blue marble, which, due to the manner in which it was cut, has begun to deteriorate due to weak parts of the stone being exposed to the elements. [85] Jackson proceeded to destroy the bank as a financial and political force by removing its federal deposits,[86][87][88] and in 1833, federal revenue was diverted into selected private banks by executive order, ending the regulatory role of the Second Bank of the United States. [101], The chief personnel for the bank comprised twenty-five directors, five of whom were appointed by the President of the United States, subject to Senate approval. A few months before the permit was set to expire, the bank voluntarily liquidated and reorganised in 1882 as the Second National Bank. [57] Upon this widespread disaffection the anti-bank Jacksonian Democrats would mobilize opposition to the BUS in the 1830s. This site is intended to bring people, memories, and pictures together from those that worked at this once great bank that sadly is no more! It certainly did seem rather dull and out of spirits. Meyers, Marvin. Nearby Old Second Bank Locations and Advisors in. [55] The effects were catastrophic, resulting in a protracted recession with mass unemployment and a sharp drop in property values that persisted until 1822. Add Website Email Business Suggest an Edit. The Second Bank of the United States was in existence from 1816 to 1836. T he Second Bank of the United States The name 'Bank of the United States' was given to the two national banks established by the U.S. Congress to serve as government fiscal (financial) agents and as depositories (stores) for federal funds. Inflation surged ever upward due to the ever-increasing amount of notes issued by private banks. Our associates are available and happy to help you any time. Banks Commercial & Savings Banks Financing Services. However, some types and denominations of currency from this bank could still be rare. Second National Bank; CCPA. Accédez aux publications, aux photos et plus encore sur Facebook. Second Bank History Fact 7: The institution was answerable to the US Treasury and Congress and subject to Treasury Department inspection, Second Bank History Fact 9: It was initially headquartered in Carpenters' Hall, Philadelphia, the same as the First Bank, Second Bank History Fact 11: The first president of the institute was William Jones, a political appointee who had gone bankrupt. Strickland's design for the Second Bank of the United States is in essence based on the Parthenon in Athens, Greece, and is a significant early and monumental example of Greek Revival architecture. 108 Main Ave SW, Warren, OH 44481 (330) 841-0289. "; Map & Directions. The bulk of the stocks were held by a few hundred wealthy Americans. The building itself is a work of art. [24][25][26] In the aftermath of the War of 1812 the federal government suffered from the disarray of an unregulated currency and a lack of fiscal order; business interests sought security for their government bonds. ERROR TO TEE SUPERIOR COURT OF CINCINNATI, STATE OF OHIO Syllabus Second Bank of the United States for kidsJames Madison was the 4th American President who served in office from March 4, 1809 to March 4, 1817. The First Bank of the United States was in existence from 1791 to 1811. Facts about the History of the Second Bank of the United States for kids, Second Bank History Fact 1: Its twenty year charter ran from February 1816 to January 1836. Establishing the Second Bank of the United States would provide the opportunity to offer easy credit to Americans. Meet the Location Team. Second National Bank. (adsbygoogle = window.adsbygoogle || []).push({}); History of the Second Bank of the United States for kids: Background History of the First BankThe American Currency History started in the Colonial Era, before the Revolutionary War. Second National Bank. Customize this page. [52] Further, it transpired that branch directors for the Baltimore office had engaged in fraud and larceny. Second National Bank v. First National Bank, 242 U.S. 600 (1917) Second National Bank of Cincinnati, Ohio v. First National Bank of Okeana, Ohio. 204–205, Hammond, 1947, p. 149, Wilentz, 2008, pp. Almost a century after the Second National Bank's charter lapsed, the government created the Federal Reserve System, which collapsed within a decade. Michael J Kozak. "; Website (330) 856-1574. Looking out of my chamber-window, before going to bed, I saw, on the opposite side of the way, a handsome building of white marble, which had a mournful ghost-like aspect, dreary to behold. [61], By the time of Jackson's inauguration in 1829, the national bank appeared to be on solid footing. Email Phone. Second National Bank. Multi Location Business Find locations. the Federal Reserve System, which is still in existence today. Sylvia Balogh. One of the important events during his presidency was the establishment of the Second Bank of the United States, The need to establish the Second Bank of the United States. Jackson's veto of the charter extension for the Second National Bank prompted the creation of the whig party. 1953. The crew explores 2 banks alongside The Haunted Apartments. [5][13], Modeled on Alexander Hamilton's First Bank of the United States,[14] the Second Bank was chartered by President James Madison in 1816 and began operations at its main branch in Philadelphia on January 7, 1817,[15][16] managing twenty-five branch offices nationwide by 1832. The American System was a broad economic plan aimed at improving the economy of the US. When its charter expired in 1836, the Second Bank ended its operations as a national institution. Bank. [105] It was just this mechanism that the local private banks found objectionable, because it yoked their lending strategies to the fiscal operations of the national government, requiring them to maintain adequate gold and silver reserves to meet their debt obligations to the U.S. It was the Tomb of many fortunes; the Great Catacomb of investment; the memorable United States Bank. months[0] = " Discover the vast range of useful, leisure and educational websites published by the Siteseen network. Many politicians objected to the position played by the private sector in its operations believing it should be under complete government control. Government land sales in the West, fueled by European demand for agricultural products, ensured that a speculative bubble would form. Greenville, OH 45331. 1953. [11][12] The federal deposits endowed the BUS with its regulatory capacity. Second National Bank, Division of The Park National Bank. [52][56] The financial crisis raised doubts among the American public as to the efficacy of paper money, and in whose interests a national system of finance operated. "; Second National Bank, Division of The Park National Bank. Website (937) 316-5048. [74][75] Clay's political ultimatum to Jackson[76]—with Biddle's financial and political support[77][78]—sparked the Bank War[79][80] and placed the fate of the BUS at center of the 1832 presidential election. 1816: Congress chartered a Second Bank of the United States because of financial problems, including increased national debt and inflation; the charter would last for 20 years. months[4] = " Explore the interesting, and fascinating selection of unique websites created and produced by the Siteseen network. Our associates are available and happy to help you any time. months[2] = " Check out the interesting and diverse websites produced and created by the international publisher in the Siteseen network. months[11] = "The diverse range of websites produced by the Siteseen Network have been produced to help you conduct research on many topics of interest. blocking the renewal of the Second National Bank. Please use this contact information to get in touch with us. The Second Bank of the United States was chartered for many of the same reasons as its predecessor, the First Bank of the United States. 2. Despite its generally successful operation it was defeated in a renewal attempt in 1811, on account of political considerations. Greenville, OH 45331. Headquartered in Aurora, IL, it … Check out the Siteseen network of educational websites. [20][21] Failing to secure recharter, the Second Bank of the United States became a private corporation in 1836,[5][22] and underwent liquidation in 1841. Second National Bank v. First National Bank, 242 U.S. 600 (1917) Second National Bank of Cincinnati, Ohio v. First National Bank of Okeana, Ohio. This can be seen in the more Roman-influenced Federal structure's ornate, colossal Corinthian columns of its façade, which is also embellished by Corinthian pilasters and a symmetric arrangement of sash windows piercing the two stories of the façade. The Park National Bank was the successor institution. Strickland looked to the Parthenon in Greece as his muse, borrowing its blank pediments and Doric columns. Second Bank History Fact 25: Nicholas Biddle attempted to keep the institution going as a commercial bank, but the project failed and closed in 1841. Second National Bank is located at 2951 National Pike in Uniontown, PA - Fayette County and is a business with Accountants on staff. Old Second National Bank Frankfort (Rt 45 & St Francis) is a community bank dedicated to serving the current and future needs of the families and businesses that make up … The Bank War was a long and bitter struggle waged by President Andrew Jackson in the 1830s against the Second Bank of the United States, a federal institution that Jackson sought to destroy. Today, it is part of Independence National Historical Park in Philadelphia. [5][89], In hopes of extorting a rescue of the bank, Biddle induced a short-lived financial crisis[58][90] that was initially blamed on Jackson's executive action. Second National Bank 117 N Wayne St Fort Recovery OH 45846. Check below for important events in banks history. "The Second Bank of the United States. Sometimes, banks have multiple routing numbers for different branches or uses. Designed by architect William Strickland and built between 1819 and 1824, the Second Bank is a fine example of Greek Revival architecture. The Second Bank of the United StatesThe name 'Bank of the United States' was given to the two national banks established by the U.S. Congress to serve as government fiscal (financial) agents and as depositories (stores) for federal funds. [28][29], The political climate[28]—dubbed the Era of Good Feelings[30]—favored the development of national programs and institutions, including a protective tariff, internal improvements and the revival of a Bank of the United States[14][26][31] Southern and western support for the bank, led by Republican nationalists John C. Calhoun of South Carolina and Henry Clay of Kentucky was decisive in the successful chartering effort. Despite its generally successful operation it was defeated in a renewal attempt in 1811, on account of political considerations. The First Bank of the United States was chartered by a private company for a term of twenty years, by the United States Congress from 1791 to 1811. Services (937) 548-2122. Hammond, Bray. [48][49] When the U.S. markets collapsed in the Panic of 1819—a result of global economic adjustments[50][51]—the central bank came under withering criticism for its belated tight money policies—policies that exacerbated mass unemployment and plunging property values. An exhibit on Peale's museum is in a side room. "; 2 Due to banking laws, its charter ran slightly less than 20 years and could not be renewed. … They would remain in this location for more than a quarter of a … [10], The essential function of the bank was to regulate the public credit issued by private banking institutions through the fiscal duties it performed for the U.S. Treasury, and to establish a sound and stable national currency. 242 U.S. 600. Alliance Data has announced the acquisition of Bread (posted on Nov 3, 2020). 11–12, Dangerfield, 1966, p. 10–11, Wellman, 1966, p. 92, Hammond, 1947, p. 149, Hammond, 1947, p. 149, Hammond, 1957, p. 9, Hammond, 1947, p. 149-150, Wilentz, 2008, p. 205, Hofstadter, 1948, p. 56, U.S. National Register of Historic Places, Learn how and when to remove this template message, History of central banking in the United States, List of National Historic Landmarks in Philadelphia, National Register of Historic Places listings in Center City, Philadelphia, The Bank of the United States Credit Principle circa 20 minute mark onward, "NHL nomination for Second Bank of the United States", "Historic Philadelphia Tour: Second Bank of the United States", "American Notes for General Circulation pg 81, by Charles Dickens", Internal Improvements and the Union, 1790–1860, Studies in American Political Development, Documents produced by the Second Bank of the United States, Andrew Jackson on the Web : Bank of the United States, Notes of Debates in the Federal Convention of 1787, Constitution drafting and ratification timeline, 1789 Virginia's 5th congressional district election, James Madison Memorial Fellowship Foundation, James Madison Freedom of Information Award, US National Register of Historic Places in Pennsylvania, History of the National Register of Historic Places, Federal Reserve v. Investment Co. Institute, https://en.wikipedia.org/w/index.php?title=Second_Bank_of_the_United_States&oldid=988623130, Buildings and structures in Independence National Historical Park, Bank buildings on the National Register of Historic Places in Philadelphia, National Historic Landmarks in Pennsylvania, Historic American Buildings Survey in Philadelphia, Greek Revival architecture in Pennsylvania, Neoclassical architecture in Pennsylvania, American companies disestablished in 1841, Articles using NRISref without a reference number, Short description is different from Wikidata, Articles needing additional references from March 2019, All articles needing additional references, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, James Fisher, January 25, 1819 – March 6, 1819. This was an easy and popular denomination for national banks. Old Second National Bank Lisle (Ogden & Plank) is a community bank dedicated to serving the current and future needs of the families and businesses that make up the communities in which we live and work. "; Twenty percent of its capital was owned by the federal government, the bank's single largest stockholder. The headquarter was located at 101 North Washington Avenue, Saginaw, MI 48607. In 1816 James Madison signed the bill for the Second National bank. "Jackson, Biddle, and the Bank of the United States". The Second Bank … Reviews (419) 375-4101 Website. Agences pour OLD SECOND NATIONAL BANK en United States. The interior consists of an entrance hallway in the center of the north façade flanked by two rooms on either side. Banks Mutual Funds. Menu & Reservations Make Reservations . 1.3K likes. Get directions, reviews and information for Second National Bank in Fort Recovery, OH. silver and gold coin, the pressure for settlement automatically regulated local banking lending: for the more the local banks lent the larger amount of their notes and checks in use and the larger the sums they had to settle in specie. The Second Bank of the United States earned its place in history in 1832 when President Andrew Jackson vetoed a bill seeking to re-charter the bank because he viewed it as an unconstitutional monopoly. This exhibit includes a permanent collection of over 150 portraits of 18th and 19th century political leaders, military officers, explorers and scientists, including many by noted artist Charles Willson Peale. Add Hours. 4. You have questions, we have answers. Argued January 25, 1917. 207 likes. months[10] = " A vast range of highly informative and dependable articles have been produced by the Siteseen network of entertaining and educational websites. He also designed the New Orleans, Dahlonega, and Charlotte branch mints in the mid-to-late 1830s, as well as the second building for the main U.S. Mint in Philadelphia in 1833. [63] Public perceptions of the central bank were generally positive. 750 Chestnut St. Greenville, OH 45331. Farmers National Bank. the spoils of the spoils system, which was established in the late 1820s were. [110], This article is about the early 19th-century federal institution. 203, 205, Schlesinger, 1945, pp. DuPage County, IL. Whereas other central banks of that era were wholly private, the BUS was more characteristic of a government bank. 3. The Federal government issued greenbacks which fulfilled this role along with gold. Menu & Reservations Make Reservations . The federal-style façade was saved and installed in the American Wing of the Metropolitan Museum of Art in 1924. Old Second National Bank Aurora (FV Mall) 8:00 AM - 6:00 PM 8:00 AM - 6:00 PM 8:00 AM - 6:00 PM Closed Today 8:00 AM - 6:00 PM 8:00 AM - … [9] In its time, the institution was the largest monied corporation in the world. The following James Madison video will give you additional important facts and dates about the political events experienced by the 4th American President whose presidency spanned from March 4, 1809 to March 4, 1817. [104], Under this banking regime, the impulse towards over speculation, with the risks of creating a national financial crisis, would be avoided, or at least mitigated. Specie was jealously hoarded. The Second Bank of the United States, located in Philadelphia, Pennsylvania, was the second federally authorized Hamiltonian national bank in the United States during its 20-year charter from February 1816 to January 1836. Second National Bank. The bank's formal name, according to section 9 of its charter as passed by Congress, was "The President, Directors, and Company, of the Bank of the United States". Hoping it would help the nation recover from the war of 1812. - Acheter cette photo libre de droit et découvrir des images similaires sur Adobe Stock 4. Second National Bank is an Ohio Registered Trade Name filed on August 15, 2008. Banks Commercial & Savings Banks Investments. There is essentially one gallery full of portraits of all the luminaries from the Revolutionary generation, many painted by Charles Willson Peale. In 1819, the Second National Bank was at the center of one of the most important Supreme Court cases, McCulloch v. Maryland . [17], The efforts to renew the bank's charter put the institution at the center of the general election of 1832, in which the bank's president Nicholas Biddle and pro-bank National Republicans led by Henry Clay clashed with the "hard-money"[18][19] Andrew Jackson administration and eastern banking interests in the Bank War. The headquarter was located at Fourth Street And Broadway, Greenville, OH 45331. The Bank suspended payment in 1839 and was liquidated in 1841. The architect of the Second Bank of the United States was William Strickland (1788–1854), a former student of Benjamin Latrobe (1764–1820), the man who is often called the first professionally trained American architect. Be the first to review! BBB Rating: A+ (937) 548-2122. IMPORTANT EVENTS IN BANKS HISTORY. The Bank of the United States building was described by Charles Dickens in a chapter of his 1842 travelogue American Notes for General Circulation, Philadelphia, and its solitary prison: We reached the city, late that night. Let Truework help you complete employment and income verifications faster. months[8] = " Get fast, free facts and information on a whole host of subjects in the Siteseen network of interesting websites. Littl… Please contact the business for updated hours/services due to the COVID-19 advisory. History of the Second Bank of the United States for kids: War of 1812The need to establish the Second Bank of the United States arose quickly when the War of 1812 erupted beginning on June 18, 1812 and lasting for 2 years and 8 months ending when the Treaty of Ghent was signed on December 24, 1814. The Second National Bank was originally organized as the First National Bank of Brownsville in 1863. When the 20 year charter was up, Congress would be required to approve or deny renewal of its charter. Shortly after that, time operations were moved from a facility on East Genesee to the Home National Bank's former location in the 100 block on North Washington. [70], Biddle made repeated overtures to Jackson and his cabinet to secure a compromise on the bank's rechartering (its term due to expire in 1836) without success. Headquarters. Second National Bank of Saginaw is not active anymore since 1996-06-01 due to Merger - Without Assistance. Please use this contact information to get in touch with us. [69] Jackson rejected these findings, and privately characterized the bank as a corrupt institution, dangerous to American liberties. 8215 E Market St. Warren, OH 44484. "The Jacksonian Persuasion". Second National Bank, located in Greenville, Ohio, is at South Broadway Street 499. [32] The charter was signed into law by James Madison on April 10, 1816. Facade of the Second National Bank building inside Independence National Park in Philadelphia Pennsylvania. We look forward to taking care of you and giving you the personal attention you deserve! [81], Jackson mobilized his political base[82] by vetoing the recharter bill[83] and, the veto sustained,[84] easily won reelection on his anti-bank platform. Walters Jr, Raymond. The First Bank of the United States had been established by Congress at the urging of Alexander Hamilton in 1791. [96], Under its charter, the bank had a capital limit of $35 million, $7.5 million of which represented the government-owned share. Second National Bank is not active anymore since 2008-08-16 due to Merger - Without Assistance. The War of 1812 had left a formidable debt. The door was still tight shut, however; the same cold cheerless air prevailed: and the building looked as if the marble statue of Don Guzman could alone have any business to transact within its gloomy walls. Plans were initially formulated in 1814 by James J. Dallas, secretary of the treasury, Second Bank History Fact 3: It began operations at its main branch in Philadelphia on January 7, 1817. Visit our office today to speak with one of our helpful team members or to open a new account! Second National Bank Building (Houston, Tex. [109] [40][41] These interests played significant roles in undermining the institution during the administration of U.S. President Andrew Jackson (1829–1837). var months = new Array(12); The Second National Bank Of Parkersburg. months[9] = " Looking for accurate facts and impartial information? Inflation surged ever upward due to the ever-increasing amount of notes issued by … [7][8] Four thousand private investors held 80% of the bank's capital, including three thousand Europeans. Lawrence, KS: University Press of Kansas, 2006. Second Bank History Fact 21: In 1832 a request was submitted to Congress to renew the charter four years before the charter was due to expire. It is not to be confused with the, US National Register of Historic Places bank building, The north façade of the Second Bank of the United States on Chestnut Street. Over $1,000,000 face value is a lot of money. Old Second National Bank, Aurora, Illinois. Most searched biographies at Second National Bank. Decided February 5, 1917. The article on the Second Bank of the United States provides an overview of one of the Important issues of his presidential term in office. [36][37] Hostile to the regulatory effects of the central bank,[38] private banks—proliferating with or without state charters[39]—had scuttled rechartering of the first BUS in 1811. John Swallow, Chief Executive Officer; Todd Durham, Vice President, Trust Officer; Steve Badgett, Executive Vice President & Commercial Lender; Click on an executive to view his biography > Latest M&A news in Banking. months[6] = " The Siteseen network is dedicated to producing unique, informative websites on a whole host of educational subjects. [42], The BUS was launched in the midst of a major global market readjustment as Europe recovered from the Napoleonic Wars[43] The central bank was charged with restraining uninhibited private bank note issue—already in progress[43][44]—that threatened to create a credit bubble and the risks of a financial collapse. Facts about the Second Bank of the United States for kidsInteresting History Facts about the History of the Second Bank of the United States are detailed below. "The origins of the Second Bank of the United States. [45] Simultaneously, the national bank was engaged in promoting a democratized expansion of credit to accommodate laissez-faire impulses among eastern business entrepreneurs and credit hungry western and southern farmers. No. Listed is the year each branch opened. Visiting the Portrait Gallery in the Second Bank This marvel of Greek Revival architecture houses a fine collection of over 100 portraits, many of them by 18th century artist Charles Willson Peale. Old Second National Bank was founded on November 21, 1887 and has been serving the financial needs of their customers for over 133 years. Old Second National Bank was established on Nov. 21, 1887. Second National Bank. For your protection, do not send sensitive information such as account numbers, Social Security Numbers or private information through email. "; Second National Bank - Contact Information. The BanknotesUnlike the promissory banknotes issued by state banks, the Second's banknotes would be accepted throughout the country and would become the only banknotes accepted for payment of federal taxes. The Greek Revival style used for the Second Bank contrasts with the earlier, Federal style in architecture used for the First Bank of the United States, which also still stands and is located nearby in Philadelphia. The institute was well managed and paid good dividends but its charter was not renewed. Business Profile. Second Bank of the United States. The building appears much as an ancient Greek temple, hence the stylistic name. The Second Bank of the United States was part of a plan to reach these goals. Old Second National Bank is committed to protecting your privacy and ensuring your private information is secure. First National Bank. The Bank handled the finances of the U.S. government, controlled the federal currency, and operated as a commercial bank, making loans to businesses and individuals. Drawing on our rich, 145+ year history, Old Second understands opportunity and how to seize it. ): exterior view, corner perspective. Second National Bank 800 N Main St Celina OH 45822. Friends of Second National Bank - SNB. 242 U.S. 600. I attributed this to the sombre influence of the night, and on rising in the morning looked out again, expecting to see its steps and portico thronged with groups of people passing in and out. Since settlement by the local banks was in specie i.e. Ratner, Sidney, James H. Soltow, and Richard Sylla. 6749 Tod Ave SW. Warren, OH 44481. National bank, in the United States, any commercial bank chartered and supervised by the federal government and operated by private individuals. Old Second National Bank. [34], Opposition to the bank's revival emanated from two interests. It had to do so because it made those amounts immediately available to the Treasury, wherever desired. Banks Mortgages Loans. The Second Bank of the United States, also known as the Second National Bank, was a private national bank under federal supervision that existed between 1816-1836. This loss of specie reduced their power to lend. 491. Menu & Reservations Make Reservations . [60] Albert Gallatin, former Secretary of the Treasury under Thomas Jefferson and James Madison, wrote in 1831 that the BUS was fulfilling its charter expectations. The stoppage of this bank, with all its ruinous consequences, had cast (as I was told on every side) a gloom on Philadelphia, under the depressing effect of which it yet laboured. 3. The War of 1812 against the British ended with a stalemate but the United States government realized that they needed to become independent from all the European countries in both a commercial and economic sense. OTTAWA — The second-in-command at the Bank of Canada is moving up her departure date to next month. Second National Bank's routing number (the leftmost number on the bottom of a check) is 42204123. ", This page was last edited on 14 November 2020, at 08:10. 3. Second Bank History Fact 5: The United States government owned 20% of its capital but Second Bank of the United States while private investors owned the rest  - it was still a privately held banking corporation. "; [95], The Second Bank of the United States was America's central bank, comparable to the Bank of England and the Bank of France, with one key distinction – the United States government owned one-fifth (20%) of its capital. Alongside these shifts in use came changes to the interior and some of the exterior of the building. 140. The Second National Bank Of Parkersburg in West Virginia printed $2,825,400 dollars worth of national currency. [38] The proliferation of private-sector banking institutions – from 31 banks in 1801 to 788 in 1837[106] – meant that the Second Bank faced strong opposition from this sector during the Jackson administration.[15]. The first Bank of the United States (1791–1811) and the second Bank of the United States (1816–36) had functioned as agents of the U.S. Treasury and Please make sure this is the correct routing number for your branch! The Second National Bank is situated in New York city, next door to Harman's Department Store. On top of these, Strickland placed eight severe Doric columns, which are crowned by an entablature containing a triglyph frieze and simple triangular pediment. [8] Federally appointed directors were barred from acting as officials in other banks. The First Bank of the United States had been established by Congress at the urging of Alexander Hamilton in 1791. Strickland went on to design many other American public buildings in this style, including financial structures such as the Mechanics National Bank (also in Philadelphia). months[3] = " Locate all of the popular, fast and interesting websites uniquely created and produced by the Siteseen network. OLD SECOND RESPONDS - COVID-19 RELIEF PROGRAM. Apply on company website Save. [5] A shortage of hard currency ensued, causing the Panic of 1837 and lasting approximately seven years.