Bankers Trust Company

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Bankers Trust Company

 

one of the billionaire banks of the USA; controlled by the Morgan group. Founded in New York in 1903 with $1 million capital. Absorbed numerous small, medium-sized, and large banks.

In 1965, with the intention of expanding beyond New York City, the company created a bank holding company, the Bankers Trust New York Corporation, which controls several banks in the state of New York, including the Bankers Trust Company. It has subsidiary banks in Great Britain, France, Belgium, Switzerland, the Federal Republic of Germany, Luxembourg, Liberia, Nigeria, Tunisia, Cameroon, Senegal, the People’s Republic of the Congo (Zaire), Ivory Coast, Argentina, Colombia, the Philippines, and Taiwan and has representatives in Mexico City, Rome, Paris, Frankfurt am Main, Manila, Sydney, Beirut, Zurich, Tokyo, and other cities. The Bankers Trust Company is tied in via personal union with such large industrial monopolies as General Electric, Western Electric (AT&T), Goodrich, Otis Elevator, and Pan American Airways. In 1968 the bank had 86 branches in New York, one in London, and one in Paris.

The joint-stock capital at the beginning of 1969 was $99 million. The balance of the bank was $8 billion (at the beginning of 1960 it was $3.1 billion); investments, $7.1 billion; loans, $4.3 billion; US government bonds, $500 million; and other stocks and bonds, $900 million. ’

References in periodicals archive ?
Community Bankers Trust Corporation is a Virginia state bank with 26 full-service offices, 20 of which are in Virginia and six of which are in Maryland.
Community Bankers Trust Corporation is the holding company for Essex Bank, a Virginia state bank with 26 full-service offices in Virginia and Maryland.
Community Bankers Trust Corporation is the holding company for Essex Bank, a Virginia state bank with 26 full-service offices, 20 of which are in Virginia and six of which are in Maryland.
Community Bankers Trust Corporation (NASDAQ: ESXB), the holding company for Essex Bank, has said that it will announce its financial results for the second quarter of 2018 on July 26, 2018.
BANKING AND CREDIT NEWS-July 23, 2018--Community Bankers Trust to report second quarter 2018 results
M2 EQUITYBITES-July 23, 2018--Community Bankers Trust to report second quarter 2018 results
Global Banking News-June 27, 2017--Community Bankers Trust joins Russell 2000 Index
BANKING AND CREDIT NEWS-August 1, 2016-Community Bankers Trust reports Q2 2016 2.3m in net income
He has served as vice president of mortgage subsidiaries for both Bankers Trust New York Corporation and Citicorp.
Global Banking News-April 27, 2017--Community Bankers Trust Corporation announces financial results
M2 EQUITYBITES-August 1, 2016-Community Bankers Trust reports Q2 2016 2.3m in net income
BANKING AND CREDIT NEWS-May 6, 2016-Community Bankers Trust reports Q1 2016 net income of USD2.4m