Founded by an Innovator
Not only was Alexander Hamilton the country's first Secretary of the Treasury, he also helped establish the U.S. Mint – and his face is still on the $10 bill. His list of titles included military commander, economist, congressman, banker, lawyer and political philosopher. After resigning from Congress, he returned to New York to continue his legal work, and in 1784 founded the Bank of New York.
People sometimes attribute my success to my genius; all the genius I know anything about is hard work.
— Alexander Hamilton
SUPPORTING THE NATION. SERVING THE WORLD.
Pioneering thinking: focused on the future
The Bank of New York was founded to support its clients and help New York get back on its feet after the Revolutionary War. Over the centuries, as the company evolved, we stayed true to the fundamentals of trust, resiliency and innovation.
During difficult times and more, the company kept its head above the rising tide, offering clients a trusted partner to help them weather the financial storm. Our technical innovations have helped define the future of finance. We automated our bookkeeping practices in 1958 and installed ATMs in retail branches in the 1980s. We were the first to process securities over the internet in 1996 and the first bank in the U.S. to execute a Real-Time Payments® transaction using The Clearing House's network.* We're proud of these advances and so many more.
For the last 240 years, we have worked to earn the trust of our clients, to seek enterprising opportunities in a fast-changing world and discover innovative ways to improve efficiency, profitability and the client experience. This unyielding dedication got us to where we are now – and will continue to propel us forward.
*Real-Time Payments (RTP) is a registered service mark of The Clearing House Payments Company LLC.
