Bank of the United States (Baltimore, Md.) records, 1795-1855

Organizational History

Date	Event
1776	Offices established in Baltimore and other cities by the Continental Congress to receive subscriptions to domestic war loans for financing the Revolution; this function was later assumed by the Bank of the United States and its Baltimore branch
1791	Congress chartered the Bank of the United States
1792	Baltimore branch of the Bank of the United States opened
1811	Charter of the Bank of the United States expired; Congress failed to renew charter; bank officers obtained a charter from the State of New York and continue operating
1816	Bank of the United States chartered anew by Congress; popularly called the Second Bank of the United States Baltimore branch of the Bank of the United States opened
1818-1824	Bank of the United States constructed its headquarters in Philadelphia, Pa.
1832	Congress renewed the charter of the Bank of the United States; President Andrew Jackson vetoed the new charter
1833	President Andrew Jackson directed that federal funds be removed from the Bank of the United States and redeposited in state banks
1835	Charter of the Bank of the United States expired Merchants’ Bank of Baltimore assumed the business and accounts of the Baltimore branch of the Bank of the United States.
1865	Merchants’ Bank of Baltimore merged with the Merchants National Bank of Baltimore
1928	First National Bank of Maryland acquirerd the Merchants National Bank and assumed all accounts and files