Top 10 Oldest Banks in the United States Still in Business
The Oldest Banks In The US
Table of Contents

What was the First Bank in the United States?

Congress granted a 20-year charter to the Bank of the United States, which is now called the First Bank, in December 1791. Despite not setting fiscal policy, the bank had a great deal of financial sway over the nation because of its size.

What was the First Central Bank in the United States?

Congress establishes the First Bank of the United States for a 20-year term at the suggestion of Treasury Secretary Alexander Hamilton. Its mission is to lend to the government, issue corporate loans, and provide a steady money supply via its notes. The new central bank will result in the formation of 18 new commercial banks in just five years, compared to four in the entire United States previous to the chartering of the First Bank.

Top 10 Oldest Banks In The U.S

1.The Bank of New York Mellon

Founded in 1784


BNY Mellon, founded in 1784, is America's oldest bank and the first corporation to be listed on the New York Stock Exchange (NYSE: BK). BNY Mellon now fuels global capital markets through comprehensive solutions that assist clients in managing and servicing their financial assets throughout the investment life cycle.

As of September 30, 2023, BNY Mellon has $45.7 trillion in assets under custody and/or administration and $1.8 trillion in assets under management. BNY Mellon has been designated one of the World's Most Admired Companies by Fortune and one of Fast Company's Best Workplaces for Innovators.

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2. State Street Corporation

Founded in 1792


State Street Corporation (stylized in all caps) is a multinational financial services and bank holding firm headquartered at One Congress Street in Boston, Massachusetts, with activities around the world. It is the second-oldest continuously functioning bank in the United States; its predecessor, Union Bank, was established in 1792.

3. Chase Bank

Founded in 1799


JPMorgan Chase Bank, N.A. is one of the Big Four banks in the United States, as well as one of the world's largest international banking and financial services holding businesses. The current bank is the consequence of multiple mergers or acquisitions of various financial firms, the oldest of which, The Manhattan Company, was founded in 1799. Chemical Bank, founded in 1823 by Balthazar P. Melick, is the bank's second oldest division. J.P. Morgan & Co, the bank's third oldest predecessor, was founded in 1871 by J.P. Morgan. Chase National Bank was founded in 1877 by John Thompson.

First, the Manhattan Company and Chase National Bank combined in 1955, then Chemical Bank in 1995, and lastly J.P. Morgan & Co. in 2000. JPMorgan Chase Bank has made several other purchases since then.

4. Citibank

Founded in 1812


Citibank was formed in 1812 as the City Bank of New York and later changed its name to the First National City Bank of New York. The bank operates 2,649 branches in 19 countries, including 723 in the United States and 1,494 in Mexico through its subsidiary Banamex.

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5. Liberty Bank

Founded in 1825


Liberty Bank is the oldest mutual savings bank in the United States, as well as the oldest bank in Connecticut overall. It is also the state's third largest bank. Liberty Bank has remained a modest regional bank with its headquarters in Middletown throughout its lengthy history. There are an additional 55 offices located throughout Connecticut. Liberty Bank has merged with two additional banks: Hometown Bank and The Bank of Southern Connecticut.

6. Dedham Institution for Savings

Founded in 1831


Dedham Savings, founded in 1831, has a unique 192-year record, making it one of the nation's oldest banks still functioning under its original charter. Our ongoing strength, which has seen us survive industry transformations through mergers and acquisitions, stems from our dedication to mutual governance.

7. Bank of New Hampshire

Founded in 1831


The Bank of New Hampshire is the state's oldest and largest independent bank. After President Franklin Pierce signed the bank's charter, it opened as the Meredith Bridge Savings Bank in 1831. After a few decades, the bank changed its name to Laconia Savings Bank, and as it grew, it became the Bank of New Hampshire. The Bank of New Hampshire now has 24 branches around the state.

8. National Bank of Middlebury

Founded in 1831


For than two centuries, the National Bank of Middlebury has served the interests of the people who live and work in west central Vermont. We are an independent bank that is locally owned and managed, and we are happy to contribute to the local economy of the towns we serve. We are dedicated to assisting our customers in living their best lives by offering modern, comprehensive, and easily accessible financial services.

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9. WSFS Bank

Founded in 1832


WSFS Bank was founded in 1832 as the Wilmington Savings Fund Society by a group of Wilmington community leaders and company owners. It is the state's oldest and largest locally run bank and trust organization. It is also one of the few banks on this list that still operates under its original name. WSFS Bank has expanded significantly over the years and now has branches in Delaware, Pennsylvania, New Jersey, Virginia, and Nevada.

10. Chemung Canal Bank

Founded in 1833


Chemung Canal Bank (Chemung Canal Trust Company) started as a publicly traded bank in Elmira, New York, in 1833, making it the fourth oldest in the state. The Arnot family took over the Chemung Canal Bank in 1857 and ran it as a private bank until 1903, when it was re-nationalized. Chemung Canal Bank had become too large for one office by the 1950s, and its branch opened in 1951. There are now many offices in New York and a handful in Pennsylvania.


All of the banks in the list of the oldest banks in the US are still in operation. They are all prestigious banks not only within the states but also around the world.

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