Bankers Securities Corporation (B.S.C.) was a Philadelphia, Pennsylvania

Philadelphia, Pennsylvania

Philadelphia is the largest city in the Commonwealth of Pennsylvania and the county seat of Philadelphia County, with which it is coterminous. The city is located in the Northeastern United States along the Delaware and Schuylkill rivers. It is the fifth-most-populous city in the United States,...

-based investment company formed in 1927, by Albert M. Greenfield

Albert M. Greenfield

Albert M. Greenfield was a Philadelphia, Pennsylvania-based real estate, banking, retailing, hotel, and transportation industry leader. Over time, he became increasingly influential in the civic and philanthropic arenas, and in local and national politics.-Business Activities:The Albert M....

 for general investment banking and trading in securities. It eventually became the parent company for virtually all of Greenfield's financial interests. B.S.C. bought control of Lit Brothers

Lit Brothers

Lit Brothers was a moderate priced department store based in Philadelphia, Pennsylvania. Samuel and Jacob Lit opened the first store at Eight and Market Streets in 1893....

 department store, then subsequently sold it to City Stores Company. On December 1, 1931, City Stores Company could no longer meet its financial obligation to B.S.C. and Greenfield took control of City Stores. Greenfield was now a retail magnate. B.S.C bought other stores outside the City Stores umbrella including: N. Snellenburg & Company

N. Snellenburg & Company

N. Snellenburg & Company, commonly known as Snellenburg's, was a Philadelphia, Pennsylvania based middle class department store and wholesale clothing manufacturer, established in 1869. The company became the largest clothing manufacturer in the world and at one time employed 3,000...

; Bonwit Teller

Bonwit Teller

Bonwit Teller was a department store in New York City founded by Paul Bonwit in 1895 at Sixth Avenue and 18th Street. In 1897 Edmund D. Teller was admitted to the partnership and the store moved to 23rd Street, East of Sixth Avenue...

 & Company; Tiffany & Co.

Tiffany & Co.

Tiffany & Co. is an American jewelry and silverware company. As part of its branding, the company is strongly associated with its Tiffany Blue , which is a registered trademark.- History :...

; and Loft Candy Corporation

Pepsi

Pepsi is a carbonated soft drink that is produced and manufactured by PepsiCo...

. The Greenfield B.S.C. empire also included a number of Philadelphia based hotels including the Bellevue Stratford, Benjamin Franklin, Sylvania, Adelphia, Essex, John Bartram and the Ritz-Carlton

Ritz-Carlton

The Ritz-Carlton is a brand of luxury hotels and resorts with 75 properties located in major cities and resorts in 24 countries worldwide...

 in Philadelphia and Atlantic City, New Jersey

Atlantic City, New Jersey

Atlantic City is a city in Atlantic County, New Jersey, United States, and a nationally renowned resort city for gambling, shopping and fine dining. The city also served as the inspiration for the American version of the board game Monopoly. Atlantic City is located on Absecon Island on the coast...

. Greenfield resigned as chairman of B.S.C. in March 1959, and was succeeded by Gustave G. Amsterdam.

External Links

• The Albert M. Greenfield Papers, including correspondence, news clippings and office files, are available for research use at the Historical Society of Pennsylvania
  Historical Society of Pennsylvania
  The Historical Society of Pennsylvania is a historical society founded in 1824 and based in Philadelphia. The Society's building, designed by Addison Hutton and listed on Philadelphia's Register of Historical Places, houses some 600,000 printed items and over 19 million manuscript and graphic items...
  
  .