Philadelphia - Banca Commerciale Italiana Trust Company

city Philadelphia
address 1416-1418 South Penn Square
1165 South Broad Street
RESOLUTION OF BOARD OF DIRECTORS 1929
OPENING 01.11.1929
CLOSING 31.12.1938
description

BCI's trust company in Philadelphia was tasked with carrying out operations that U.S. regulations prohibited foreign banks from engaging in, such as setting up savings accounts for customers. It also collected savings deposits from the Italian immigrant community in Philadelphia and the surrounding area, and handled their remittance to Italy.
Its commercial operations were limited to the financing of small local importers, usually grocery merchants, and the opening of letters of credit for a small number of American businesses in the wider area (importers of raw wool, sulfide oil, etc.). In 1933 the results of the Philadelphia-based trust company, like that in Boston, were relatively poor due to their low revenues, generated in turn by the banking crisis in the United States.
BIBLIOGRAPHY

ASI-VCA; October 26, 1929; vol. 11, p. 63
ASI-VCA; January 16, 1939; vol. 18, pp. 220-221
ASI-VCA, Cpt Matt, vol. 11, p. 345; January 18, 1939
ASI-VCA, SOF, cart. 413, fasc. 2
ASI-VCA, SOF, cart. 283, fasc. 1
ASI-VCA, Papers of Malagodi, cart. 5, fasc. Notes
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 - Banca Commerciale Italiana Trust Company 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) 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