Bank One Set to Celebrate 150 Years of Serving Customers in Louisville
March 08 2004 - 9:03AM
PR Newswire (US)
Bank One Set to Celebrate 150 Years of Serving Customers in
Louisville Special Birthday Celebration at 10:30 a.m. March 9, Bank
One Main Office 416 W. Jefferson St. LOUISVILLE, Ky., March 8
/PRNewswire-FirstCall/ -- Bank One will celebrate 150 years of
serving customers in Louisville on Tuesday, March 9, by serving
Adam Mathews Gorilla Forest cake and giving away commemorative
keepsakes at its 42 Louisville-area locations. A special Birthday
Celebration will take place at the Bank One Main Office,416 W.
Jefferson St., at 10:30 a.m. The media and public are invited to
attend. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030116/NYTH053LOGO ) Bank One
traces its roots in Louisville to the German Insurance Bank,
founded on March 9, 1854. That bank changed its name to Liberty
Bank in 1918, and merged with Bank One in 1994. Bank One is the
oldest financial institution founded in Louisville. "We are proud
of Bank One's heritage in Louisville," said Todd Munson, President
of Bank One Kentucky."We want to share our pride with our customers
and the community." Munson will host the Birthday Celebration at
the Main Office. A huge Adam Matthews Gorilla Forest Cake will be
served. Historic photographs of the bank and the city will be on
display. Special guests include retired bank chairmen Frank Hower
and Billy Joe Phelps. A sweepstakes will be held March 6-20. The
grand prize is a 42" Sony Grand Wega large screen TV. Also awarded
will be 150 $100 Best Buy gift certificates. Free scratch-off game
tickets will be available at Bank One banking centers and in a
special newspaper insert. Bank One contributes more than $1.5
million annually to Louisville-area charitable organizations, and
many of Bank One's nearly 2,000 local employees are active
volunteers, contributing thousands of hours of their time and
expertise to projects and organizations in the community. Bank One
Corporation ( http://www.bankone.com/ ) is the nation's
sixth-largest bank holding company, with assets of more than $325
billion. Bank One currently has more than 50 million credit cards
issued, nearly 7 million retail households, and approximately
20,000 middle market customers. It also manages more than $185
billion of clients' investment assets. List of Bank One Louisville
historical "Firsts and Facts" on the following pages. Historic
photographs available for publication upon request. Bank One
Louisville history: -- The German Insurance Bank was founded in
Louisville, Ky., on March 9, 1854. Louisville's first financial
institution. -- The bank changed its name to Liberty Bank and Trust
Company in 1918. -- The name changed to Liberty National Bank and
Trust Company in 1935 to reflect the new national banking charter.
-- It merged with Bank One in August 1994 (and changed its name in
September 1995). Bank One in Louisville today: -- Louisville native
Todd Munson is President of Bank One Kentucky. -- Bank One has 42
banking centers in the Louisville Metro area. There are 84 in the
Kentucky-Southern Indiana market. -- Bank One has 100 ATMs in
Kentucky. -- Bank One rank by deposit market share: #2 in
Louisville, #1 in Lexington, #4 in Kentucky. -- Bank One has 1,900
employees in Louisville, nearly 3,000 employees in Kentucky. --
Bank One payment processing centers in Louisville process more than
1.1 billion items a year. -- Bank One contributes more than $1.5
million annually to charitable organizations in Kentucky. -- Over
the past two years, Bank One has invested more than $15 million in
its Louisville operations, adding two new branches, remodeling
existing branches, and a major $3.5 million renovation of the
downtown Marion E. Taylor building into a regional commercial loan
center. In 2004, Bank One will invest another $4-5 million on two
more branches in the Louisville area. Historical "Firsts:" -- 1854:
Founding of the German Insurance Bank, Louisville's oldest
financial institution (per the Kentucky Bankers Association). --
1919: The first bank in Kentucky to receive a deposit by airplane,
flown by famed pioneer aviator Robert Gast from Shelbyville, and
dropped on the roof of the bank. -- 1922: The first bank to
broadcast a radio program with commercials from WHAS, Louisville's
first radio station. -- 1922: Instituted branch banking by opening
offices at Seventh & Hill, Shelby St. south of Oak, and 18th
& Oak. --1934: The first bank in Kentucky to air condition its
lobby (Fourth Avenue office). -- 1942: First bank in Louisville to
offer "pay as you go" checking account. Checks were free but 5
cents was charged for each check cashed and item deposited. --
1948: Thanksgiving Day: then-Liberty Bank sponsors the first TV
program on WAVE-TV, the Male-Manual football game. Also, then-
president Merle E. Robertson was the first person to be interviewed
on TV in Louisville. -- 1959: On Sept. 5, history was made in the
apprehension of a bank robber, when the new electronic camera
called "Cam-Eye" took a series of pictures of a robbery that took
place at the Seventh & Hill branch. The identity of the robber
was ascertained from the photos and a quick arrest was made. The
story received nationwide attention and led to the installation of
the "Cam-Eye" at banks throughout the country. -- 1971: Introduced
the first four ATMs in Kentucky (all in Louisville). Four more
installed later that year, including the first ATM in an airport
and the first two drive-up ATMs in the U.S. -- 1982: The first bank
in Kentucky to join a national ATM network, giving customers access
to more than 3,000 ATMs across the country. -- 1983: The first bank
in Louisville to offer investment and brokerage services to
customers. Main Offices through the years: -- 1854: first office
located at the northeast corner of Fourth & Market (no photo)
-- 1861: main office moved to Third Street between Main and Market
(no photo) -- 1868: built new main office at 231 W. Market St. -
photo available -- 1887: built new main office at Second and Market
streets, with a tall clock tower -- the building exists today -
photo available -- 1960: built new main office at 416 West
Jefferson St. still in use today. At the time described as
"ultra-modern." - photo available Original directors and employees:
-- Original directors of the German Insurance Bank: Jacob Laval
(president), Carl Buetgenbach (secretary), Landin Eisenman, E.
Sauermann, Jacob Schmitt, Franz Reidhar. The six directors were
also the original employees. Original Charter: The original charter
of March 9, 1854, reads: "Capital stock of said company shall be
$100,000 in shares of $50 each, with the right to increase said
Capital to any sum not exceeding $500,000. When 1,000 shares or
more of stock are subscribed in part paid and secured to be paid as
aforesaid, the said Company shall have full right and power to
transact the business contemplated by this act ... ."
http://www.newscom.com/cgi-bin/prnh/20030116/NYTH053LOGO
http://photoarchive.ap.org/ DATASOURCE: Bank One Corporation
CONTACT: Media, Nancy Norris of Bank One Corporation,
+1-502-566-3620 Web site: http://www.bankone.com/
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