A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 3 : America in the Twentieth Century  Encyclopedia of American Wealth

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   Part II-Chapter 5 : Bankers I  > Stephen Girard  :   Previous  12 - 3 - 4  Next  

   Stephen Girard and the Girard Bank of Philadelphia  

Although Stephen Girard had no specific banking experience and little formal education, he was singularly successful as a banker. His conservative attitude, supported by his freedom not to pay out dividends, helped the Girard Bank grow his capital stock by retained earnings, until it reached $ 3 million in 1827. By these means, the Girard Bank was the largest private bank in the United States

 

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