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What was the first bank created?

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The bank is on record as the first official bank in the world, although the practice of banking has been traced back for several centuries. The oldest continually operating bank in the world is Banca Monte dei Paschi di Siena, which has been operating as a bank in Italy since 1472. read more

1816 – The Second Bank of the United States was chartered for five years after the First Bank of the United States lost its charter. This charter was also for 20 years. The bank was created to finance the country in the aftermath of the War of 1812. 1817 – The New York Stock Exchange Board was established. read more

The first bank in the United States was established in Philadelphia and was called the First Bank of the United States. The bank was created in 1791 to assist the government in paying down its debt accrued during the Revolutionary War, but it closed in 1811. read more

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