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There were no banks in the U.S. when shots were fired at Lexington and Concord in Massachusetts, marking the start of the Revolutionary War. That quickly changed as the Founding Fathers formed a new nation, and political battles over its banking system became a fundamental part of the American story. Two very different men — banking’s founding fathers — can be credited for their early impact on the financial landscape we have today. The actions of Andrew Jackson, the seventh president, resulted in an array of state-chartered banks, and that financial diversity can still be found across the United States.…
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WRITTEN BY
Emily McCormick
Vice President of Editorial & Research
Emily McCormick is Vice President of Editorial & Research for Bank Director. Emily oversees research projects, from in-depth reports to Bank Director’s annual surveys on M&A, risk, compensation, governance and technology. She also manages content for the Bank Services Program, including Bank Director’s Online Training Series. In addition to speaking and moderating discussions at Bank Director’s in-person and virtual events, Emily writes and edits for Bank Director magazine, BankDirector.com and Bank Director’s weekly newsletter, The Slant. She started her career in the circulation department at the Knoxville News-Sentinel and graduated summa cum laude from The University of Tennessee with a bachelor’s degree in Spanish and International Business.