Yeah, like why are there so many variants on the First National Bank of ‘Whatever’ . . .
I simply think that if we have one ‘First National Bank’, that it’s somewhat linked to something during the Colonial War. But why do I keep seeing the ‘First National Savings Bank’, the ‘First National Reserve Bank’, and more importantly the ‘First National Bank’ of every state I visit?
Doesn’t it seem a little weird?
Tripler
I’m investing in the First National Government if you care to know. . .
‘First National Bank of __’ simply was the first bank in '’ to have a US charter (i.e. ‘National’)
Since Federally-chartered banks were subject to stricter reserves requirements (among other rules) a ‘National’ bank was perceived to be more stable than a state-chartered bank.
Not necessarily true - a clever theif could loot a federally-chartered bank as easily as a state-chartered one.
then there were the the ‘Trust’ and ‘Savings’ institutions - see Reagan-era records on how easily these could be plundered.