Farmer and Mechanics of Riggs Bank

The old farmer and mechanics of Riggs Bank, located at 1201 Wisconsin Avenue, NW, at the corner of M Street, was built in 1921-22. Located at the crossroads of major trading Georgetown, the golden dome and leaf design neoclassical Peter Marsh and become familiar symbols of the Georgetown neighborhood. Today, there is a branch of PNC Bank. Riggs National Bank is the oldest bank in continuous operation in Washington, which dates back to 1836, when William Wilson Corcoran opened a broker note. In 1840 he formed a partnership with George Washington Riggs, Jr., son of a well-known banker in New York and offers audit and deposit Corcoran and Riggs Bank became an official depository of the U.S. Treasury, and began operations abroad financed Samuel Morse invented the telegraph in 1845, and the war with Mexico in 1847. Corcoran retired in 1854 and was the company Riggs and Company. George Riggs led the consortium in 1867, which raised $ 0.2 million in gold bullion for the purchase of Alaska. In the 1920s, introduced the Riggs National Bank savings accounts opened in a trusted service, and I bought two banks more local, the creation of a network of bank branches. Read more…