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Startabank Workshop Draws on Banking History for Inspiration.

PHILADELPHIA -- As you step into the lobby of the Ritz-Carlton in Philadelphia, it's hard to miss the crystal chandelier, the marble counter, or the bar with people sipping drinks. For Startabank, a division of the Nubank group that specializes in de novo [Latin, Anew.] A second time; afresh. A trial or a hearing that is ordered by an appellate court that has reviewed the record of a hearing in a lower court and sent the matter back to the original court for a new trial, as if it had not been previously heard nor decided.  bank formation, stepping into the hotel is like stepping into a page of U.S. banking history.

Ninety-seven years ago, after Girard Trust Bank commissioned a New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 firm to make a dramatic statement about Philadelphia's business and financial acumen via construction of a banking headquarters reminiscent of the Pantheon pantheon (păn`thēŏn', –thēən), term applied originally to a temple to all the gods. The

Pantheon at Rome was built by Agrippa in 27 B.C., destroyed, and rebuilt in the 2d cent. by Hadrian.
 in Rome, the building at Ten Avenue of the Arts was home to some of our nation's most remarkable financial transactions. The most famous of these transactions was a loan from Stephen Girard, shipping magnate turned banker, who infused the U.S. Treasury U.S. Treasury

Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S.
 with over $8 million of his own money to support our role in the War of 1812.

Girard was instrumental in the development of the U.S. banking industry, purchasing First Bank of the United States The First Bank of the United States was a bank chartered by the United States Congress on February 25, 1791. The charter was for 20 years. The Bank was created to handle the financial needs and requirements of the central government of the newly formed United States, which had  from Congress in 1812 and growing it to a multimillion dollar institution, in what is currently known as the Ritz-Carlton. For years after its construction the building housed The Girard Company and its banking services, until 1983 when it was acquired by Mellon & Sons' Bank out of Pittsburgh. Mellon Bank utilized the space until 1991 when a fire consumed an adjacent office building rendering it unsuitable for occupancy. The building seemed destined des·tine  
tr.v. des·tined, des·tin·ing, des·tines
1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic.

2.
 for the wrecking ball until the Ritz-Carlton stepped in with an $88 million restoration effort to revive the neoclassical ne·o·clas·si·cism also Ne·o·clas·si·cism  
n.
A revival of classical aesthetics and forms, especially:
a. A revival in literature in the late 17th and 18th centuries, characterized by a regard for the classical ideals of reason, form,
 structure down to its towering marble columns and picturesque dome.

But for Startabank, the Ritz-Carlton represents a piece of banking history, which makes it a fitting location to host the Philadelphia Bank Formation Workshop, to educate people on the process of starting a bank, giving them the opportunity to follow in Mr. Girard's footsteps to realize their own banking dreams.

The Philadelphia workshop will be held in the birthplace birth·place  
n.
The place where someone is born or where something originates.


birthplace
Noun

the place where someone was born or where something originated

Noun 1.
 of modern-day banking, the Ritz-Carlton hotel, at Ten Avenue of the Arts in Philadelphia, from 9 a.m. until 3 p.m. Attendees will hear from a collection of industry experts, former organizers and clients during the six-hour workshop. For more information please contact Carey Richardson at 800-975-BANK or visit www.startabank.com/how2. Registration is required due to limited seating. Discounts available to members of the same organization.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 19, 2006
Words:400
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