Park Row Trust Company facts for kids

Park Row Trust Company was a New York City based bank which was organized beginning in January 1930 at 154 Nassau Street (Manhattan). It opened for business on March 1, 1930.

Its location was the same as the Clarke Brothers Bank which became insolvent in June 1929. Park Row Trust Company was capitalized at $500,000 with a surplus of $250,000 and an organization expense fund of $50,000. The financial institution was made up of individual directors of the Plaza Trust Company.

Merger

On July 8, 1930, Park Row Trust Company merged with Plaza Trust Company and Broadway National Bank & Trust Company. The merged company was called Broadway & Plaza Trust Company. The new institution had a capital of $1,350,000 and a surplus of $1,800,000.