History (2024)

SUPPORTING THE NATION. SERVING THE WORLD.

The Bank of New York was founded to support its clients and help New York get back on its feet after the Revolutionary War. Over the centuries, as the company evolved, we stayed true to the fundamentals of trust, resiliency and innovation.

During difficult times and more, the company kept its head above the rising tide, offering clients a trusted partner to help them weather the financial storm. Our technical innovations have helped define the future of finance. We automated our bookkeeping practices in 1958 and installed ATMs in retail branches in the 1980s. We were the first to process securities over the internet in 1996 and the first bank in the U.S. to execute aReal-Time Payments®transaction using The Clearing House's network.*We're proud of these advances and so many more.

For the last 240 years, we have worked to earn the trust of our clients, to seek enterprising opportunities in a fast-changing world and discover innovative ways to improve efficiency, profitability and the client experience. This unyielding dedication got us to where we are now – and will continue to propel us forward.

*Real-Time Payments (RTP) is a registered service mark of The Clearing House Payments Company LLC.

History (2024)
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