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Ralph C. Woolworth (1842-1893) founded his bank in Sacramento, CA, and moved its headquarters to San Francisco, CA, by the 1880s. The railroad millionaire Charles Crocker (1822-1888) purchased majority ownership in 1886, and made his son, William Henry Crocker (1861–1937), cashier. (Following Woolworth's death in 1893, Crocker became its President.) In 1887, the bank, known as the Crocker Woolworth National Bank, became a national bank and had 1 million in assets. (Like most banks, the Crocker Woolworth Bank had several names over the years due to mergers, including the Crocker-Anglo Bank, Crocker-Citizens National Bank, Crocker First National Bank Crocker National Bank before merging itself out of existence with the British giant, Midland Bank, in 1981.

PCAD id: 17543