Stephen Girard and the Girard Bank of Philadelphia

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 1 - 2 - 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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