| Company type | Bank |
|---|---|
| Founded | 1407 |
| Defunct | 1805 |
| Headquarters | Genoa, Republic of Genoa (present day Italy) |
| Products | Banking |
The Bank of Saint George (Italian: Casa delle compere e dei banchi di San Giorgio or informally as Ufficio di San Giorgio or Banco)[1] was a financial institution of the Republic of Genoa. It was founded in 1407 to consolidate the public debt, which had been escalating due to the war with Venice for trading and financial dominance.[2] The Bank's primary mission was to facilitate the management of the San Giorgio shares (luoghi). It was one of the oldest chartered banks in Europe and of the world. The Bank's headquarters were at the Palazzo San Giorgio, which was built in the 13th century by the order of Guglielmo Boccanegra, uncle of Simone Boccanegra, the first Doge of Genoa. On June 11, 1857 the ancient lock from the vault of the bank of St George was presented to the Philadelphia historical society by Lieutenant George H. Hare USN.[3] The Financial Times hailed it as "the world's first modern, public bank", partly due to its innovative character.[4]
- ^ "Casa delle compere e dei banchi di San Giorgio". Archived from the original on 30 January 2013. Retrieved 9 January 2013.
- ^ George Macesich, Issues in money and banking, p42. Greenwood Publishing, 2000. ISBN 978-0-275-96777-2
- ^ https://usnamemorialhall.org/index.php/GEORGE_H._HARE,_LT,_USN [bare URL]
- ^ Boland, Vincent (17 April 2009). "The world's first modern, public bank". Financial Times.