The Bank of Pennsylvania was established on July 17, 1780, by Philadelphia merchants to provide funds for the Continental Army

Continental Army

The Continental Army was formed after the outbreak of the American Revolutionary War by the colonies that became the United States of America. Established by a resolution of the Continental Congress on June 14, 1775, it was created to coordinate the military efforts of the Thirteen Colonies in...

 during the American Revolutionary War

American Revolutionary War

The American Revolutionary War , the American War of Independence, or simply the Revolutionary War, began as a war between the Kingdom of Great Britain and thirteen British colonies in North America, and ended in a global war between several European great powers.The war was the result of the...

. Within a year after the Union was founded in 1781, the Bank of North America

Bank of North America

The Bank of North America was a private business chartered on December 31, 1781 by the Congress of the Confederation and opened on January 7, 1782, at the prodding of Superintendent of Finance Robert Morris. This was thus the nation's first de facto central bank. It was succeeded in its role as...

 superseded the Bank of Pennsylvania.

In 1793, the Bank of Pennsylvania was re-established, with a charter from the Commonwealth of Pennsylvania

Pennsylvania

The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...

, and branches were opened in Pittsburgh, Harrisburg

Harrisburg, Pennsylvania

Harrisburg is the capital of Pennsylvania. As of the 2010 census, the city had a population of 49,528, making it the ninth largest city in Pennsylvania...

, Lancaster

Lancaster, Pennsylvania

Lancaster is a city in the south-central part of the Commonwealth of Pennsylvania. It is the county seat of Lancaster County and one of the older inland cities in the United States, . With a population of 59,322, it ranks eighth in population among Pennsylvania's cities...

, Reading

Reading, Pennsylvania

Reading is a city in southeastern Pennsylvania, USA, and seat of Berks County. Reading is the principal city of the Greater Reading Area and had a population of 88,082 as of the 2010 census, making it the fifth most populated city in the state after Philadelphia, Pittsburgh, Allentown and Erie,...

, and Easton

Easton, Pennsylvania

Easton is a city in Northampton County, Pennsylvania, United States. The population was 26,800 as of the 2010 census. It is the county seat of Northampton County....

. The bank later collapsed in September 1857, with Thomas Allibone of the family firm Thomas Allibone & Co. serving as its president.

The only remaining piece of the bank — one of the stone pillars — was moved to Adrian, Michigan

Adrian, Michigan

As of the 2010 census Adrian had a population of 21,133. The racial and ethnic makeup of the population was 84.1% white, 4.4% black or African American, 0.6% Native American, 0.9% Asian, 5.9% from some other race and 4.0% from two or more races...

 and erected as the Civil War Memorial

Civil War Memorial (Adrian, Michigan)

The Civil War Memorial is a marble monument situated in the center of Memorial Park in Adrian, Michigan. The monument was designated as a Michigan Historic Site on August 13, 1971 and later added to the National Register of Historic Places on June 29, 1972...

 in commemoration of those in Adrian who died in the American Civil War

American Civil War

The American Civil War was a civil war fought in the United States of America. In response to the election of Abraham Lincoln as President of the United States, 11 southern slave states declared their secession from the United States and formed the Confederate States of America ; the other 25...

.