New York - Banca Commerciale Italiana Trust Company

city New York
address 62-64 William Street
RESOLUTION OF BOARD OF DIRECTORS 09.10.1924
OPENING 1924
CLOSING 09.11.1939
description

To get around the constraints imposed by the strict banking regulations of the United States, BCI established the Banca Commerciale Italiana Trust Company in 1924, which functioned like an American bank.
Its president also directed the New York branch in order to ensure close cooperation between the two. The Trust Company opened a number of branches in New York, focusing on areas heavily populated by Italian emigrant communities: 339 Sixth Avenue; 224 Mulberry Street; 212 Columbia Street in Brooklyn; Fourth Street and Vernon Avenue on Long Island; and Second Avenue and 116th Street in Harlem.
The BiciTrust Bank of New York made a name for itself chiefly by taking part in loans to Italian industrial enterprises including Montecatini - Società Generale per l'Industria Mineraria e Chimica, La Società Generale Elettrica dell'Adamello (the Adamello Electricity Company), Unione esercizi elettrici (United Electric Service Company), Società lombarda per distribuzione di energia elettrica (Lombard Electricity Distribution Company) and others.
BIBLIOGRAPHY

ASI-BCI, VCA; October 9, 1924, March 2, 1926; vol. 8, pp. 14, 283
ASI-BCI, VCA; November 9, 1939; vol. 19, p. 79
ASI-BCI, Reminder ex Sofindit, April 23, 1933
ASI-BCI, Inventory NY
ASI-BCI, Papers of Malagodi, cart. 5, fasc. Notes
ASI-BCI, SOF, cart. 283, fasc. 1
ASI-BCI, CpT, vol. 74, September 1931
ASI-BCI, Financial Statements
other banks in the same country Los Angeles - First Los Angeles Bank Los Angeles - Istituto Bancario San Paolo, later Sanpaolo IMI and subsequently Intesa Sanpaolo - Representative Office Chicago - Banca Commerciale Italiana - Branch Chicago - CARIPLO - Representative Office New York - Banco di Napoli - Inspectorate office, later Agency New York - Banca Commerciale Italiana - Branch New York - Banco di Napoli - Representative Office New York - Banca Commerciale Italiana - Representative Office New York - Cassa di Risparmio di Firenze - Representative Office New York - CARIPLO - Branch San Francisco - CARIPLO - Representative Office Boston - Banca Commerciale Italiana Trust Company Chicago - Banco di Napoli Trust Company of Chicago Chicago - Banca Commerciale Italiana - Representative Office Los Angeles - Banca Commerciale Italiana - Representative Office Los Angeles - Banca Commerciale Italiana - Branch Los Angeles - Istituto Bancario San Paolo - Branch Los Angeles - Banco di Napoli - Branch New York - Banco di Napoli Trust Company of New York New York - Banco di Napoli - Branch New York - Banca Commerciale Italiana, later Banca Intesa - Branch New York - Banco Ambrosiano, Banco Ambrosiano Veneto - Representative Office New York - CARIPLO - Representative Office New York - Istituto Bancario San Paolo - Branch New York - Long Island Trust Company (Litco), later North American Bancorporation (Nabac) Philadelphia - Banca Commerciale Italiana Trust Company Washington - Istituto Mobiliare Italiano - Representative Office Washington - Banca Commerciale Italiana - Representative Office Chicago - Banco di Napoli - Agency
see in the map
Banca Commerciale Italiana (BCI) USA