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History of Hoboken
BANKING INSTITUTIONS

Originally published in 1907
THIS WEB VERSION COPYRIGHT 2003 GET NJ

No city in the world of its population can boast of better banking facilities than Hoboken possesses. Including the National Banks, Trust Companies and Savings Institution, there are seven financial institutions, all managed on safe financial lines, and furnishing all the accommodation requisite for the large and growing amount of business transacted-the First and Second National Banks. the Hudson, New Jersey, Hoboken and Jefferson Trust Companies, and the Hoboken Flank for Savings. These institutions have in the aggregate a par value capital (excluding the Savings Bank, which has no capital stuck), of $3,545,000, a surplus of $2,646,801, deposits of $32,854,961, and assts amounting to $,38,488,397, classified as follows:

Institution When CharteredCapital StockSurplus and Undivided ProfitsDepositsAssets
FIRST NATIONAL 1865 $220,000 581,488 2,500,000 3,384,752
SECOND NATIONAL 1887 125,000 202,113 1,907,603 2,400,000
HUDSON TRUST 1890 500,000 1,266,388 13,000,000 15,000,000
TRUST COMPANY OF NJ 1899 500,000 855,271 4,300,000 5,600,000
HOBOKEN TRUST 1902100,000 90,479 1,350,755 1,561,161
JEFFERSON TRUST 1905 100,000 35,000 850,000 975,000
HOBOKEN SAVINGS BANK 1857 616,062 8,946,603 9,567,484
TOTAL   1,545,000 3,646,801 32,854,961 38,488,397

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Hudson County Facts Winter 2006 by Anthony Olszewski - Hudson County History
Hudson County, New Jersey is a place of many firsts - including genocide and slavery.
Political corruption is a tradition here.
First in a series by Anthony Olszewski – Click HERE to find out more.

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