June 10, 2016
To recognize the 232nd anniversary of the founding of The Bank of New York, the foundation of today’s BNY Mellon, BNY Mellon Chairman and CEO Gerald L. Hassell rang the Opening Bell at the New York Stock Exchange (NYSE). New York’s first bank was established by a group led by Alexander Hamilton, whose contributions to the rise of the U.S. as a world economic power have found the pop culture spotlight thanks to Lin-Manuel Miranda’s Broadway-hit, “Hamilton.”
Joining Hassell at the bell ringing were Ron Chernow, Pulitzer Prize-winning author and “Hamilton” biographer; two descendants of Alexander Hamilton; and several BNY Mellon employees who exemplify the company’s commitment to excellence.
Hamilton’s vision turned The Bank of New York into a bank of firsts. The company provided the first ever loan to the U.S. government, helped to finance construction of the New York City subway system and spark the U.S. industrial revolution, and became the first stock traded on the NYSE.
“Today, I have the privilege of leading the company that Alexander Hamilton founded,” said Hassell. “Over the years, BNY Mellon has adapted to a changing world, and we’ve built leading capabilities in investment services and investment management. We take pride in the fact that, throughout our history, we’ve remained true to the values on which we were built and to the visionary, innovative tradition of our brilliant founder.”