William H. Porter
Encyclopedia
William Henry Porter was a prominent banker in New York City
. He was born at Middlebury, Vermont, and died in New York City
on November 30, 1926.
, where he stayed for eight years. In 1886, Porter left the Fifth Avenue Bank of New York to become cashier of the Chase National Bank. In 1893, after seven years as Vice President of the Chase National Bank, Porter was elected Vice President of the Chemical National Bank.
Upon the death of George G. Williams in May 1903, Porter became President of Chemical National Bank. Also in 1903, Porter was one of the founders and directors of the Bankers Trust Company of New York. Porter was also a trustee of the Guaranty Trust Company of New York.
On October 6, 1908, Porter was elected to serve as President of the New York Clearing House
. Mr. Porter also served as Treasurer and member of the Executive Committee of Chamber of Commerce.
In 1910, Porter left Chemical to become a partner in the firm J.P. Morgan & Co.
.
Porter helped to fund the creation of the Porter Medical Center in Middlebury, Vermont.
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
. He was born at Middlebury, Vermont, and died in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
on November 30, 1926.
Banking Career
His first banking employment was as a junior clerk in the Fifth Avenue Bank of New YorkNew York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, where he stayed for eight years. In 1886, Porter left the Fifth Avenue Bank of New York to become cashier of the Chase National Bank. In 1893, after seven years as Vice President of the Chase National Bank, Porter was elected Vice President of the Chemical National Bank.
Upon the death of George G. Williams in May 1903, Porter became President of Chemical National Bank. Also in 1903, Porter was one of the founders and directors of the Bankers Trust Company of New York. Porter was also a trustee of the Guaranty Trust Company of New York.
On October 6, 1908, Porter was elected to serve as President of the New York Clearing House
New York Clearing House
The New York Clearing House Association, the nation’s first and largest bank clearing house, was created in 1853, and has played a variety of important roles in supporting the development of the banking system in America’s financial capital. Initially, it was created to simplify the chaotic...
. Mr. Porter also served as Treasurer and member of the Executive Committee of Chamber of Commerce.
In 1910, Porter left Chemical to become a partner in the firm J.P. Morgan & Co.
J.P. Morgan & Co.
J.P. Morgan & Co. was a commercial and investment banking institution based in the United States founded by J. Pierpont Morgan and commonly known as the House of Morgan or simply Morgan. Today, J.P...
Other affiliations
Porter was educated at Middlebury Academy and the Saratoga High SchoolSaratoga High School
Saratoga High School is a high school in Saratoga, California, United States, part of the Los Gatos-Saratoga Joint Union High School District. The school is jointly accredited by the California Department of Education and the Western Association of Schools and Colleges. Student enrollment averages...
.
Porter helped to fund the creation of the Porter Medical Center in Middlebury, Vermont.