Mechanics National Bank
Overview
The Mechanics National Bank was a Philadelphia, Pennsylvania
, bank founded by and geared toward mechanics.
In 1809, Philadelphia was already known for both skilled workers and as America's main financial center, but the merchants who controlled its banks had little interest in lending to "mechanics" or manufacturers. So a small group of artisans and master craftsmen resolved to organize one that would be run by and for the mechanics themselves.
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...
, bank founded by and geared toward mechanics.
In 1809, Philadelphia was already known for both skilled workers and as America's main financial center, but the merchants who controlled its banks had little interest in lending to "mechanics" or manufacturers. So a small group of artisans and master craftsmen resolved to organize one that would be run by and for the mechanics themselves.