Bank of Carthage (Missouri)
Encyclopedia
The Bank of Carthage was a local bank
in Carthage, Missouri
. It traced its history to 1868 and called itself the "oldest bank in southwest Missouri."
The Bank of Carthage was a successful business for many decades, surviving the Great Depression
with minimal disruption due to its conservative policies. It occupied an historic building on Main Street in Carthage from 1882 until 1960, when it relocated to a more modern facility.
After 1960 the company was absorbed into Boatmen’s Bank
and subsequently Bank of America
.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
in Carthage, Missouri
Carthage, Missouri
Carthage is a city in Jasper County, Missouri, United States. The population was 14,378 at the 2010 census. It is the county seat of Jasper County and is nicknamed "America's Maple Leaf City."...
. It traced its history to 1868 and called itself the "oldest bank in southwest Missouri."
The Bank of Carthage was a successful business for many decades, surviving the Great Depression
Great Depression
The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s...
with minimal disruption due to its conservative policies. It occupied an historic building on Main Street in Carthage from 1882 until 1960, when it relocated to a more modern facility.
After 1960 the company was absorbed into Boatmen’s Bank
Boatmen's Bancshares
Boatmen's Bancshares Inc. was one of the 30 largest bank holding companies in the United States when it was acquired by NationsBank in 1996.The company, founded in St. Louis, Missouri in 1847, claimed to be the oldest bank west of the Mississippi River at the time of its acquisition.The bank was...
and subsequently Bank of America
Bank of America
Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...
.