-40%
PA. Girard Trust Bank, 1976 $Odd Specimen 7 1/8% Registered Bond, VF SCBN Orange
$ 19.47
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Description
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PA. Girard Trust Bank, 1976 $Odd Specimen 7 1/8% Registered Bond, VF SCBN Orange. Girard Trust Company was a Philadelphia based bank founded by Stephen Girard in 1811. From 1964 to 1969, the bank was known as Girard Trust Company; in 1969, it was renamed Girard Trust Bank, later Girard Bank. Girard's Bank was a principal source of government credit during the War of 1812. Towards the end of the war, when the financial credit of the U.S. government was at its lowest, Girard placed nearly all of his resources at the disposal of the government and underwrote up to 95 percent of the war loan issue, which enabled the United States to carry on the war. In the 1970s, Girard became one of the pioneers of automated banking, launching a proprietary network of automated teller machines in 1978 known as "George".
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