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The first bank chartered north of San Francisco, CA, the Ladd and Tilton Bank enterprise began in Portland OR, in 04/1859, with assets of $50,000; William Sargent Ladd (1826-1893), a vigorous Gold Rush merchant and banker, and his San Francisco partner, Charles Elliott Tilton (1827-1901), prospered in Portland, OR, being for a long time the only lending option in town; as a result of its rapid growth, John Nestor designed this elaborate bank that opened for business 01/12/1869; the Irish-American architect supposedly patterned the building's facade on the Libreria Vecchia (Old Library) in Venice, Italy; Ladd and Tilton were childhood friends who grew up in New Hampshire and retained ties to the New England state. They also started (along with the A. and A.N. Bush) other banks together in the West, including the 1st National Bank of Portland and the 1st National Bank of Walla Walla in the new Washington Territory

Demolished in 1954; a parking lot currently occupies the lot;

PCAD id: 4630