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Former Riggs Bank located next door to White House

Started by farkinga · 7 months ago

RTFA: http://library.thinkquest.org/2813/white/east.html
Riggs National Bank
1503 Pennsylvania Avenue NW
The Riggs Bank Building, completed in 1901, has been one of the city’s most prestigious financial institutions. Riggs has gained a symbolic status as the bank ... Continue reading »

2 comments

  • this threw me off a bit, because it says the building was completed in 1901, when the civil war took place in 1861, but after some research it appears the bank started in 1836. Also interesting note - "Corcoran & Riggs financed Samual Morse's invention of the telegraph in 1845, one of several notable backings in its history. The bank also lent $16 million to the U.S. government to pay for the Mexican-American War in 1847 and, in 1868, provided $7.2 million in gold towards the purchase of Alaska." (according to wikipedia)
  • Yeah - the building was built long after the bank was founded.

    They've done a lot of really interesting things for the US.

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