About: Banca Commerciale Italiana Trust Co.

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An Entity of Type : yago:WikicatDefunctBanksOfTheUnitedStates, within Data Space : dbpedia.org associated with source document(s)
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Banca Commerciale Italiana (BCI) established Banca Commerciale Italiana Trust Co. of New York (BCITNY) in 1924 and closed it in 1939. In 1917 Lodovico Toeplitz, chief of the Foreign Department of BCI visited New York. In January 1918 BCI established a branch in New York on Broadway. The bank's aim was to finance imports to the US from Italy, to fund acceptance credits, and to gather the deposits of Italian migrants to the US. In 1921 the bank transferred its branch to a building on Williams Street that BCI had bought. In 1924, following changes in US regulations, BCI decided to open a US subsidiary, Banca Commerciale Italiana Trust Co. of New York, in order to be able to continue to gather deposits. Four years later, in March to June 1928, Giuseppe Toeplitz came to New York to oversee the

Attributes	Values
rdf:type	Thing company schema:Organization dul:Agent dul:SocialPerson agent wikidata:Q24229398 Organization Business enterprise yago:WikicatBanksEstablishedIn1924 yago:WikicatCompaniesDisestablishedIn1939 yago:Abstraction100002137 yago:Company108058098 yago:DepositoryFinancialInstitution108420278 yago:FinancialInstitution108054721 yago:Group100031264 yago:Institution108053576 yago:Organization108008335 yago:YagoLegalActor yago:YagoLegalActorGeo yago:YagoPermanentlyLocatedEntity organisation yago:SocialGroup107950920 yago:WikicatDefunctBanksOfTheUnitedStates
rdfs:label	Banca Commerciale Italiana Trust Co. (en)
rdfs:comment	Banca Commerciale Italiana (BCI) established Banca Commerciale Italiana Trust Co. of New York (BCITNY) in 1924 and closed it in 1939. In 1917 Lodovico Toeplitz, chief of the Foreign Department of BCI visited New York. In January 1918 BCI established a branch in New York on Broadway. The bank's aim was to finance imports to the US from Italy, to fund acceptance credits, and to gather the deposits of Italian migrants to the US. In 1921 the bank transferred its branch to a building on Williams Street that BCI had bought. In 1924, following changes in US regulations, BCI decided to open a US subsidiary, Banca Commerciale Italiana Trust Co. of New York, in order to be able to continue to gather deposits. Four years later, in March to June 1928, Giuseppe Toeplitz came to New York to oversee the (en)
foaf:name	Banca Commerciale Italiana Trust Co. of New York (en)
name	Banca Commerciale Italiana Trust Co. of New York (en)
foaf:depiction
dcterms:subject	1924 establishments in New York (state) 1939 disestablishments in New York (state) Defunct banks of the United States Banks based in New York (state) American companies disestablished in 1939 American subsidiaries of foreign companies Banks disestablished in 1939 Banks established in 1924 American companies established in 1924
Wikipage page ID	27591567 (xsd:integer)
Wikipage revision ID	1045758136 (xsd:integer)
Link from a Wikipage to another Wikipage	1924 establishments in New York (state) 1939 disestablishments in New York (state) Long Island City Defunct banks of the United States Banks based in New York (state) American companies disestablished in 1939 American subsidiaries of foreign companies Banca Commerciale Italiana Banks disestablished in 1939 Banks established in 1924 American companies established in 1924 Manufacturers Hanover Corporation New York City South Brooklyn United States Federal Reserve
Link from a Wikipage to an external page	https://web.archive.org/web/20110501005235/http:/www.banking.state.ny.us/histba.txt
sameAs	Banca Commerciale Italiana Trust Co. Banca Commerciale Italiana Trust Co. Banca Commerciale Italiana Trust Co. Banca Commerciale Italiana Trust Co.
dbp:wikiPageUsesTemplate	dbt:End_date_and_age dbt:Infobox_company dbt:JPMorgan_Chase dbt:Notability dbt:Reflist dbt:Start_date_and_age
thumbnail	wiki-commons:Special:FilePath/Banca_Commerciale_Italiana_Trust_2256_2d_Av_116_St_East_Harlem_jeh.jpg?width=300
founded	in New York City, New York (en)
founder	Banca Commerciale Italiana
image caption	East Harlem branch (en)
has abstract	Banca Commerciale Italiana (BCI) established Banca Commerciale Italiana Trust Co. of New York (BCITNY) in 1924 and closed it in 1939. In 1917 Lodovico Toeplitz, chief of the Foreign Department of BCI visited New York. In January 1918 BCI established a branch in New York on Broadway. The bank's aim was to finance imports to the US from Italy, to fund acceptance credits, and to gather the deposits of Italian migrants to the US. In 1921 the bank transferred its branch to a building on Williams Street that BCI had bought. In 1924, following changes in US regulations, BCI decided to open a US subsidiary, Banca Commerciale Italiana Trust Co. of New York, in order to be able to continue to gather deposits. Four years later, in March to June 1928, Giuseppe Toeplitz came to New York to oversee the opening of Bancomit Corp., which BCI established better to operate in US real estate markets. In time, BCIT came to have offices on 6th Avenue and Mulberry Street, and in Harlem, South Brooklyn, and Long Island City. In 1929 BCI established two more subsidiaries, Banca Commerciale Italiana Trust Co. of Boston (est. 15 January 1929), and Banca Commerciale Italiana Trust Co. of Philadelphia. In 1933, Adolfo Rossi of BCI traveled to New York to implement a reorganization of BCI's operations in North America. In late 1934 the bank received US$15,000 in gold from South American mines. The producers apparently found it profitable to ship the gold to New York to sell it to the US Government. In 1937 BCI liquidated the Boston operation. In 1938 it closed the Philadelphia operation after selling the business to Liberty Title & Trust Co. In February 1939, BCI liquidated BCITNY and transferred its assets to Manufacturers Trust Co. of New York. Two years later, after the US declared war on Italy on 11 December 1941, the United States Federal Reserve sequestrated and liquidated the assets of BCI's branch in the US. BCI would not return to New York until 6 March 1969 when it opened a branch there. (en)
prov:wasDerivedFrom	wikipedia-en:Banca_Commerciale_Italiana_Trust_Co.?oldid=1045758136&ns=0
page length (characters) of wiki page	3371 (xsd:nonNegativeInteger)
founding year	1924-01-01 (xsd:gYear)
founded by	Banca Commerciale Italiana
foaf:isPrimaryTopicOf	wikipedia-en:Banca_Commerciale_Italiana_Trust_Co.
is Link from a Wikipage to another Wikipage of	Banca Commerciale Italiana Manufacturers Hanover Corporation
is foaf:primaryTopic of	wikipedia-en:Banca_Commerciale_Italiana_Trust_Co.

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