Show MANY BANKS LONG LIVED In the United States States- Banks over years old 2472 Banks over 50 years cara old Banks over 25 years old There are in the United States banks that have haye been in continuous existence for more than one hundred years There are aro 2472 banks over fifty years old while 64 of all the banks In this country or 10 91 are twenty live years old or older In other words practically two- two thirds of the tho banks in this country have come through several successive save sive periods of depression and panic including 1907 1914 1920 and 1929 33 The oldest bank in hr the country Is in Boston having been chartered February 17 1784 In the 64 of or banks that are five ty-five ye years rs old or older Is lodged I Ia I a major portion of or the tha banking resources resources re ra- sources of the nation In commenting commentIng comment comment- Ing recently upon the stability of a n great majority of ot the banks In the United States Dr Harold Stonier Educational Director of or the American American Ameri Ameri- can Bankers Association said The fact that we wo have so ao many banks that have been in existence A t Along along long period of ot years is la an eloquent tribute to the genius or of American managerial ability for no other country has hils experienced such wild gambling er eras s and resultant periods of business stagnation as those through which our country has passed at frequent intervals during the past century |