Skip Navigation

Sign In or Register

West-virginia-encyclopedia-text

Banking

Go back to Banking

1804

Bank of Virginia at Richmond incorporated

Other events that happened on or around 1804

1817

Northwestern Bank of Virginia in Wheeling chartered

Other events that happened on or around 1817

1834

Merchants and Mechanics Bank in Wheeling incorporated

Other events that happened on or around 1834

1837

Exchange Bank of Virginia in Norfolk established

Other events that happened on or around 1837

Jun 20, 1863

West Virginia entered the Union as the 35th state

Other events that happened on or around June 20, 1863

1864

Old Virginia banks transformed into national banks under federal banking legislation

Other events that happened on or around 1864

1865

13 Banks had become national banks

Other events that happened on or around 1865

Dec 26, 1872

Legislature passed West Virginia's first general banking law

Other events that happened on or around December 26, 1872

1881

West Virginia's first general banking law repealed

Other events that happened on or around 1881

1891

Legislature created a state banking department

Other events that happened on or around 1891

1924

The number of banks in West Virginia peaked at 225 state banks and 125 national banks

Other events that happened on or around 1924

Oct 29, 1929

Stock market crash

1929

Branch banking prohibited under state law

Other events that happened on or around 1929

1933

Great Depression dropped numbers to 103 state banks and 78 national

Other events that happened on or around 1933

1972

Legislature confirmed the prohibition of branch banking

1982

Governor Rockefeller called for broad changes in the state banking system.

Other events that happened on or around 1982

Jun 07, 1984

County-wide branch banking allowed under new legislation

Jan 01, 1986

Statewide branch banking allowed

1990

West Virginia had 180 commercial banks and 15 saving institutions

Other events that happened on or around 1990

2000

BB&T acquired One Valley Bank

Other events that happened on or around 2000

2005

There were 66 commercial banks and 6 savings institutions in West Virginia

Other events that happened on or around 2005


View Articles by Existing Key Dates or Specify Your Own Date Range

West Virginia Humanities Council | 1310 Kanawha Blvd E | Charleston, WV 25301 Ph. 304-346-8500 | © 2021 All Rights Reserved

About e-WV | Our Sponsors | Help & Support | Contact Us The essential guide to the Mountain State can be yours today! Click here to order.