Citigroup

1818
J. Henry
Schröder & Co.
1885
Citizens Building &
Loan Association
1882
Banco Mercantil
Mexicano (Mexico)
1882
Banco
Nacional
1836 Name Change
Farmers’ Loan
and Trust
Company
1884 Merger
Banco
Nacional
de Mexico
(Banamex)
1822
Farmers’ Fire Insurance
Loan Company
1863
1865
The First
Bowery
National Bank National
of the City
Bank of
of New York New York
1934
First Federal Savings
and Loan Association
of Glendale
1925
Bowery National
Bank of New York
1926
Richmond
Borough
National Bank
1927
Discount
National Bank
of New York
1929
Trust National
City Bank of
New York
1936 Name Change
Railway Federal Savings
and Loan Association
1935 Name Change
Citizens Federal
Savings and Loan
Association
1973
United Savings
and Loan
1972
Victoria
Savings
of Riverside
1981 Name Change
First Nationwide
Savings
1988
First Gibraltar Bank
1990
San Antonio
Savings
Plano Savings
& Loan
Sooner Federal
1992
Troy and
Nichols, Inc.
1994
First Madison Bank
1998
Glendale Federal Bank
1988
First Texas Savings
Gibraltar Savings
Home Savings
Montfort Savings
Killeen Savings & Loan
1993 Name Change
First Madison Bank
1995
Standard Federal
Savings (partial)
Lomas Financial
Corporation (partial)
1986 Name Change
First Nationwide
Bank, FSB
1950
Siembra Seguros
de Vida (Argentina)
1957
Name Change
J. Henry Schroder & Co. Ltd.
1997 First Nationwide
Bank, FSB
1903
Bedford Bank
1905
Wallabout Bank of Brooklyn
1910
Home Bank of Brooklyn
1920
Franklin Trust
Company
1918
The Bank of Flatbush
1922
Homestead
Bank of Brooklyn
1918
Name Change
Commercial
Exchange
Bank of the
City of New York
1923
Battery Park Bank
1928 Name Change
1926
The Bank of America, Peoples Trust Company of
National Association
Brooklyn N.A. of New York
1928
Commercial Exchange National Bank in New York
1929
Blair National Bank of New York
Traders National Bank of Brooklyn in New York
Nassau Bank of Brooklyn
1930
Murray Hill Trust Company
1991
Grupo
Financiero
BanamexAccival
Founded
1997 Purchased by
First Nationwide
Bank, FSB,
which adopts name
1998
California Federal Bank
Name retained
after merger
Golden State Bancorp
(parent of Glendale
Federal Bank) becomes
new holding company
1978
Carte Blanche
Corporation
1974
Holding Company
Name Change
Citicorp
2001
Grupo Financiero Banamex-Accival (Banacci)
Renamed Grupo Financiero Banamex
2002
California Federal Bank
Golden State Bancorp
Merged into Citibank (West), FSB
1982
Fidelity Savings and
Loan Association of
San Francisco
1988
Siembra Seguros
de Retiro (Argentina)
1994
Siembra AFJP SA
(Argentina)
2000
J. Henry Schroder & Co. Ltd.
Investment banking subsidiary merged to become
Schroder Salomon Smith Barney
Renamed Citigroup Global Markets Limited in 2003
1901
American
Can Company
1915–1919
International
Banking
Corporation
1921
Second
National Bank
of the City of
New York
1910
Salomon
Brothers
& Hutzler
1898
Rhoades & Co.
1902
Shearson
Hammill & Co.
1904
E. F. Hutton & Co.
1915
Hemphill White
and Chamberlin
1916 Name Change
Hemphill
Noyes & Co.
1918
Associates
Investment
Company
1991
Colfondos SA
(Colombia)
1968 Holding
Company Formed
First National
City Corporation
1976
Name Change
Citibank, N.A.
1981
Diner’s Club
1983
First Federal
Savings and
Loan of Chicago
New Biscayne
Savings and
Loan
Association
of Florida
1970
Name
Change
Salomon
Brothers,
Inc.
1977
A.L.
Williams &
Associates
1986
Name
Change
Salomon
Inc.
1989
Becomes
Primerica
Financial
Services
1997 Name Change
Salomon Smith
Barney Holdings Inc.
1997 Partially
acquired by
Citigroup
1997
Citibank
Investment
2000
Grupo Siembra
2000
Colfondos SA
1976 Name Change
Smith Barney,
Harris Upham
& Co.
1987 Name Change
Primerica
Corporation
1988
Primerica
Corporation
1976
Harris, Upham
& Co.
1981
American
Express
1987
Smith Barney,
Harris Upham & Co.
1988
Commercial Credit acquires
Primerica and adopts name
1993 Name Changes
The Travelers Inc.
Smith Barney Shearson Inc.
1995 Name Change
Travelers Group, Inc.
1996
Aetna Casualty & Surety Co.
Standard Fire Insurance Co.
Citigroup
October 8, 1998
1970
Hayden
Stone & Co.
1968
Acquired by
Control Data
Corporation
1986 Spun Off
Commercial
Credit
1993
The Travelers
Life and Accident
Insurance Company
1994 Consolidation
Grupo Siembra
1921
Banque Belge
pour L Etranger
opens as NYC office
of Society Generale
de Banque (Belgium)
1998
Banca Confia (Mexico, est. 1885)
Integrated into Citibank Mexico 2001
Banco Mayo (Argentina, est. 1978)
1950
Name Change
Belgian-American
Banking Corporation
1952
Bank of
Farmingdale
1954
Great Neck Trust
Nassau County
National Bank
1937 Name Change
Carl M. Loeb
Rhoades & Co.
1938
Edward B.
Smith & Co.
1960 Carter, Berlind, Potoma & Weill
1962 Name Change
Carter, Berlind & Weill
1926
Franklin Square
National Bank
1923
First National
Bank of Inwood
1973
Hentz & Co.
1974
Faulkner,
Dawkins &
Sullivan
1982
Robinson
Humphrey
1966
Hemphill
Noyes & Co.
1967 Name Change
Cogan, Berlind, Weill & Levitt
1970 Name Change CBWL-Hayden Stone
1972 Name Change Hayden Stone
1974 Name Change
Shearson Hayden Stone
1979 Name Change
Shearson Loeb Rhoades
1974
Shearson
Hammill & Co.
1978
Loeb Rhoades,
Hornblower & Co.
1966 Name Change
Hornblower & Weeks—
Hemphill Noyes & Co.
1968
1968
Name Change Trask & Co.
Hornblower,
Weeks, Noyes & Trask
1967
Edwards
& Hanly
1978
Loeb, Rhoades & Co.
1967 Name Change
Loeb, Rhoades & Co.
1977
Name Change
Lehman Brothers
Kuhn Loeb & Co.
1968 Acquired by
Gulf+Western
1972 Name Change
Associates First Capital Corporation
1977
Kuhn, Loeb
& Co.
1981 Name Change
Shearson / American Express
1984 Name Change
Shearson Lehman/American Express
1988 Name Change
Shearson Lehman Hutton
1990 Name Change
Shearson Lehman Brothers
1993
Shearson Lehman Brothers
Retail brokerage & asset
management operations
1947 Name Change
Franklin National Bank
1950
South Shore Trust Company
1953
First National Bank of Bellmore
1955
First National Bank of Glen Cove
Nassau County Trust
Roslyn National Bank & Trust
1958
Central Islip National Bank
1960
Federal Bank & Trust
1967
Federation Bank &
Trust Company
1957
State Bank of
Suffolk
1984
Lehman Brothers
Kuhn Loeb & Co.
1988
E. F. Hutton
& Co.
1989
TranSouth Financial
1990
Mellon Financial Services
1992
First Family Financial Services
Signal Financial Corporation
TransNational Leasing
1998
CEF Ltd.
Beneficial Canada Holdings (Canada)
DIC Finance (Japan)
SPS Transaction Services
The Northland Company
2000
Associates First
Capital Corporation
2000
Afore Garante (Mexico, est. 1997)
Merged with Afore Banamex in 2002 after Grupo
Financiero Banamex acquisition
ING Bank Rt. (Hungary, est. 1996)
Consumer Business
Winter Capital International (est. 1996)
1975
Commercial Discount
Corporation
1980
Fidelity National Bank
Renamed Associates National Bank
1987
Fruehauf Finance Company
Canada Permanent Funding
1988
Great Dane Finance Company
1989 Acquired by
Ford Motor Company
1991
Kentucky Finance Company
Clark Credit Corporation
ECC Financial
1993
Allied Finance Company
1996
Fleetwood Credit Corporation
U.S. Fleet Leasing
Teletech Financial Corporation
1968 Name Change
Purchased by European
consortium and renamed
European-American
Bank & Trust Company
1974
Franklin National Bank
1954
First National
Bank of Inwood
1958
Marufuku
Denwa-Ten
(Japan)
1968
Name Change
Marufuku
Co., Ltd.
1977 Holding Co. Founded
European American Bancorp
1984 Name Change
European American Bank
1994
WASCO
1996
American Equipment Leasing
1998
Bankers Leasing
1999
Avco Financial Services
2000
Arcadia Financial Ltd.
2000
Olympian Bank
Fidelity Leasing
2001
Bank Handlowy
w Warszawie SA
2001
European American Bank
2001
Nikko Trust and Banking Corporation (Japan, est. 1993)
50% of custody business
Name changed to NikkoCiti Trust and Banking Corporation
Geneva Group Inc. (est. 1991)
Name changed to Geneva Group, LLC
2006
Guangdong Development Bank
(China, est. 1988)
Minority stake
January 2008
1892
Hayden Stone & Co.
1912
Commercial
Credit
Corporation
1962
Name Change
First National
City Bank
2004
Washington Mutual Finance Corporation
(est. 1927) Merged into CitiFinancial
KorAm Bank
(est. 1983) Name changed to Citibank Korea Inc.
Principal Residential Mortgage
Spun off from Principal Financial Group
(est. 1879 as Bankers Life Association)
Lava Trading (est. 1999)
Green type indicates the name of the first company in a related branch.
Blue type indicates the name of a company at the time it merged into another line.
1895
Harris,
Upham
& Co.
1931
Carl M.
Loeb & Co.
2002
IPO/Spin-Off: Travelers Property Casualty Corporation
Citi Fubon Life Insurance Company, Hong Kong Limited
(est. 1993) Joint venture with Fubon Life Insurance Company
Taihei Co., Ltd.
(Japan, est. 1880) Consumer finance business
Mitsui Sumitomo CitiInsurance Life Insurance Co., Ltd.
(Japan, est. 2002) Joint venture of CitiInsurance International
Holdings Inc. and Mitsui Sumitomo Insurance Co., Ltd.
This Citigroup “Family Tree” represents the major components and predecessor companies
of Citicorp and Travelers — the two major organizations that formed Citigroup in 1998.
In the interest of clarity and brevity, it does not include all the companies that were
owned or sold or were short-lived.
1892
Edward B.
Smith & Co.
1897
Third National Bank
of the City of New York
1888
Hornblower & Weeks
1870
Bank Handlowy
w Warszawie SA (Poland)
1867
Kuhn, Loeb & Co.
1881
Spencer Trask & Co.
1955
Name Change
The First
National
City Bank
of New York
1959 Name Change
First National City Trust Company
1994 Full Acquisition
Wertheim Schroder & Co.
Name later changed to
Schroder & Co. Inc.
1873
Chas. D. Barney & Co.
1938
Name Change
Smith,
Barney & Co.
1955
The First National Bank
of the City of New York
1986 Partial Acquisition
Wertheim & Co. (est. 1927)
Name Change
Wertheim Schroder & Co.
1864
The Travelers
Life and Accident
Insurance Company
1931
Long Island
National Bank
of New York
1931
The Bank of America,
National Association
1978
Carte Blanche
Corporation
1981
California
Commerce
Bank
1865 Name Change
The National City
Bank of New York
1902
International
Banking
Corporation
1921
Commercial Exchange
National Bank of New York
1973
First Pueblo
Federal Savings and
Loan Association
of San Jose
1982
Santa Ana
First Federal
1983
Family Savings
(Nevada)
1850
Lehman Brothers
1850
American Express
1872
German
Exchange Bank
of the City of
New York
1962
Helbert, Wagg & Co.
(est. 1823)
Name Change
J. Henry Schroder
Wagg & Co.
1966
First Federal
Savings and Loan
Association of
Alhambra
1989
Name Change
California
Federal Bank
1994 Purchased by
First Madison Bank,
which adopts name
1996 SFFed Corp.
Home Federal
Financial Corp.
1928
Bowery and East
River National Bank
1812
City Bank of New York
1889
Peoples Trust Company
1925 Name Change
Bowery and East
River National
Bank of New York
1925
Old Colony State Bank
National Bank of Bay Ridge in New York
1940
Name Change
J. Henry Schroder & Co.
1959
Standard Federal
Savings and Loan
Association
1812
The Bank of America,
New York
1865 Name Change
Merchants Exchange
National Bank of the
City of New York
1914 Name Change
Atlantic National Bank
of the City of New York
1922
Atlantic National Bank
of the City of New York
1931
Bank of America
Trust Company
1937 Name Change
California Federal
Savings and
Loan Association
1962
First Federal
of San Jose
1865
Name Change
East River
National Bank
of the City
of New York
1829
Merchants Exchange Bank
in the City of New York
1901
Bank of the Republic
1929
Name Change
City Bank Farmers
Trust Company
1926
Railway Mutual
Building and Loan
Association
1852
East River Bank
2003
Shanghai Pudong Development Bank
(China, est. 1993) Minority stake
Forum Financial Group (est. 1986)
Merged into Global Transaction Services
Sears Credit and Financial Products (est. 1953)
Merged into Citi Cards North America
2005
Legg Mason Private Client
(integrated into Smith Barney)
First American Bank
(est. 1907)
Spin-Offs:
Travelers Life & Annuity
Citigroup Asset Management
2007
Akbank (Turkey, est. 1948)
Egg Banking plc (U.K., est. 1998)
Bisys Group (U.S.)
Bank of Overseas Chinese (Taiwan)
Quilter (U.K.)
Old Lane Partners LP (est. 2006)
Grupo Cuscatlan
Automated Trading Desk (U.S.)
Nikko Cordial (Japan)
Grupo Financiero Uno (Nicaragua)
ABN Amro Mortgage Group
2002
Marufuku Co., Ltd.
Consumer
finance business