Contents 1 History 2 Architecture 3 Present-day 4 See also 5 Notes 6 References 7 External links


History[edit] Farmers and Merchants' original location in Los Angeles, 1876. The Farmer's and Merchants Bank was founded in 1871 by 23 prominent Los Angeles businessmen, with an initial capital of $500,000. The three largest subscribers were financier Isaias W. Hellman ($100,000), former California Governor John G. Downey ($100,000), and Ozro W. Childs ($50,000) who in later years became the founders of the University of Southern California. Other investors included Charles Ducommun ($25,000), I.M. Hellman ($20,000), and Jose Mascarel ($10,000.) The Farmers and Merchants Bank was the first incorporated bank in Los Angeles, founded in 1871 by Isaias W. Hellman, a successful merchant, real estate investor, and banker who immigrated to Los Angeles in 1859; with John G Downey, the seventh governor of California; and Herman W. Hellman, the brother of Isaias. Downey was named the first president, with Isaias actually running the bank. Isaias served as president of the bank from 1890 until his death in 1920. I.W. Hellman, was a cautious lender, insisting that major borrowers have good character and provide good security. Its subsequent presidents, J.A. Graves (who had been Hellman's attorney) and Victor H. Rosetti, continued Hellman's conservative practices, with a large portion of the bank's capital constantly held in Treasury securities. As a result, the Bank survived every economic panic period, from the Panic of 1873, Panic of 1893, and Panic of 1896, through the Great Depression. However, a one-branch downtown bank was eventually seen as not likely to continue to grow. In 1956, it merged with Security First National Bank, which became in later years Security Pacific National Bank, and ultimately was acquired by the Bank of America. Farmers and Merchants National Bank of Los Angeles, at 4th and Main - 1923


Architecture[edit] Designed in the Classical Revival style, the Farmers and Merchants Bank remains one of Southern California's finest examples of the early "temples of finance" which were popular at the turn of the century. Its two-story facade, reminiscent of a Roman temple, is punctuated by an entrance framed with Corinthian columns topped by a large triangular pediment. Built in 1905, the bank was designed by the firm of Morgan and Walls.[1]


Present-day[edit] The Farmers & Merchants Bank building has been established as Los Angeles Historic-Cultural Monument #271. Much of the original banking room remains, including light fixtures, a central skylight, and the loggia with its Victorian-style railings. Operating as a bank until its closure in the late 80s, the building now functions primarily as a special events and banquet facility and film location. The building is slated for renovation by developer Tom Gilmore and Associates.[2]


See also[edit] Farmers and Merchants Bank of Los Angeles people Yule marble


Notes[edit] ^ Holliday, Peter J. (July 3, 2016). "When in SoCal, do as the Romans (and the Greeks) do". Los Angeles Times. Retrieved 6 July 2016.  ^ Miranda, Carolina A. (June 30, 2016). "New Main Museum in downtown Los Angeles reveals 'Beta' plans — and focus on art in L.A." Los Angeles Times. Retrieved 4 July 2016. 


References[edit] Isaias W. Hellman and the Farmers and Merchants Bank, by Robert Glass Cleland and Frank B. Putnam (The Huntington Library, San Marino (1965) "Guide Français de Los Angeles et du Sud de la Californie", published in 1932 by F. Loyer et C. Beaudreau 1872 Los Angeles City and County Directory


External links[edit] Wikimedia Commons has media related to Farmers and Merchants Bank (Los Angeles). "Farmers and Merchants Bank and Annexes" Los Angeles Conservancy Website: Explore L.A.; Historic Places. Accessed 6 November 2013 Scripophily.com "1872 Farmers and Merchants Bank of Los Angeles document" — signed by Isaias W. Hellman Pioneer and U.S.C. Founder. Scripophily.com "An 1874 Farmers and Merchants Bank of Los Angeles check" — dated 1874 signed by California Governor John G. Downey. Coordinates: 34°2′53.2″N 118°14′50.9″W / 34.048111°N 118.247472°W / 34.048111; -118.247472 v t e Los Angeles Historic-Cultural Monuments Downtown Los Angeles East and Northeast Sides Harbor Area Hollywood San Fernando Valley Silver Lake, Angelino Heights and Echo Park South Los Angeles Westside Wilshire and Westlake Areas v t e Downtown Los Angeles Districts and neighborhoods Arts District Bunker Hill Chinatown Civic Center Fashion District Financial District Gallery Row Historic Core Jewelry District Little Tokyo Naud Junction Old Bank District Skid Row South Park Spring Street Financial District Toy District Wholesale District Points of interest Angels Flight The Broad Broadway Cathedral of Our Lady of the Angels City Hall Convention Center Grand Park L.A. Live MOCA Music Center Olvera Street Pershing Square Staples Center Union Station LA Regions Crescenta Valley Downtown Eastside Harbor Area Greater Hollywood Northeast LA Northwest LA San Fernando Valley South LA Westside Wilshire Mid-City West Mid-Wilshire v t e Bank of America Divisions Bank of America Home Loans Bank of America Merrill Lynch Merrill Lynch U.S. Trust Historical components Banc of America Securities Bank of America, Los Angeles Bank of America NT&SA Bank of Italy Bank of New England BankBoston Barnett Bank Baybank Benj. Franklin Savings and Loan Boatmen's Bancshares Cassatt & Company Central Bank and Trust Citizens & Southern National Bank Commercial National Bank Continental Illinois Countrywide Financial E. A. Pierce & Co. Farmers and Merchants Bank of Los Angeles First Franklin First Republic Bank Corporation Fleet Bank Fourth Financial Corporation G. H. Walker & Co. Gibraltar Savings and Loan LaSalle Bank Mercury Asset Management MBNA/Maryland National Bank Michigan National Bank Montgomery Securities NationsBank North Carolina National Bank Provident Institution for Savings Rainier Bancorp Robertson Stephens Seafirst Bank Security Pacific Bank Shawmut Bank Standard Federal Bank Sovran Bank Summit Bancorp Suretrade Western Savings and Loan White Weld & Co. Buildings 555 California Street (San Francisco) 701 Brickell Avenue Albuquerque Plaza American Security and Trust Company Building (Washington, D.C.) Bank of America Building (Baltimore) Bank of America Building (Midland) Bank of America Building (Oakland) Bank of America Center (Baltimore) Bank of America Center (Houston) Bank of America Center (Los Angeles) Bank of America Center (Norfolk) Bank of America Center (Tulsa) Bank of America Corporate Center (Charlotte) Bank of America Plaza (Atlanta) Bank of America Plaza (Charlotte) Bank of America Plaza (Chicago) Bank of America Plaza (Dallas) Bank of America Plaza (Fort Lauderdale) Bank of America Plaza (St. Louis) Bank of America Plaza (Tampa) Bank of America Tower (Jacksonville) Bank of America Tower (Manhattan) Bank of America Tower (Phoenix) Bank of America Tower (St. Petersburg) Boulder Towers Hearst Tower (Charlotte) Miami Tower Museum Tower Category Commons Retrieved from "https://en.wikipedia.org/w/index.php?title=Farmers_and_Merchants_Bank_of_Los_Angeles&oldid=812446065" Categories: Bank buildings in CaliforniaBuildings and structures in Downtown Los AngelesCommercial buildings in Los AngelesDefunct banks of the United StatesFarmers and Merchants Bank of Los Angeles peopleHistory of Los AngelesLos Angeles Historic-Cultural MonumentsBanks established in 1871Banks disestablished in 19561871 establishments in California1956 disestablishments in CaliforniaDefunct companies based in the Greater Los Angeles Area19th century in Los Angeles1900s architecture in the United States1905 establishments in CaliforniaCommercial buildings completed in 1905Greek Revival architecture in CaliforniaNeoclassical architecture in CaliforniaHidden categories: Articles lacking in-text citations from October 2012All articles lacking in-text citationsCoordinates on Wikidata


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