New York - Banco di Napoli Trust Company of New York

city New York
OPENING 1929
CLOSING 1941 - 1950
description

In 1925 Banco di Napoli (BN) began to consider the idea of transforming its New York agency into a trust company. In order to keep a stake that would allow it to control the new trust company even in the event of its merger with another group, BN formed the Banco di Napoli Corporation, a holding company intended to acquire a 67% stake in the Banco di Napoli Trust Company.
The trust company, which aside from being a BN subsidiary also acted as a correspondent bank for it starting in 1930, opened five city agencies (in Harlem, Brooklyn, Fordham Heights, the East Side and the Bronx), becoming a key player in the handling of emigrant remittances. It would continue to operate until 1942, when the declaration of war between the United States and Italy led to its seizure and subsequent forced liquidation.
BIBLIOGRAPHY

ABN, VCA
ABN, 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 - Banca Commerciale Italiana Trust Company 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
Banco di Napoli (BN) USA