One of my earlier posts covered Pacific Coast trade between California and Canada. While Pacific Coast trade may seem intuitive given that seagoing transportation was the easiest and fastest mode of transportation the California Gold Rush era, the strong links San Francisco maintained with the capital markets of Great Britain and continental Europe are not as obvious.
One example is the Anglo California Bank, Ltd., organized under British law in 1873. Anglo California used its capital to become one of the largest banks in San Francisco by the end of the nineteenth century, with primary focus on international transactions with Asia and Europe.
Around the same time, the trading house of Lazard Freres opened a San Francisco office with a specialization in financing international trade. By 1884 this office was renamed the London, Paris, and American Bank, Ltd., with a British bank charter. After having offices at different locations on California and Sansome Streets, London, Paris, and American secured the prominent corner at 1 Sansome Street. This prime spot suited an expanding business.
With that law pending in 1908, Herbert Fleishhacker (son-in-law of London and President of Paris & American Bank) bought out the foreign ownership, then converted the bank to a national bank charter: London Paris National Bank of San Francisco, with charter number 9174.
After less than a year he merged with Anglo California Bank. The combined institution used the combined name of Anglo & London Paris National Bank. In 1932 the firm folded in its affiliated trust company, and shortened its name to Anglo-California National Bank.
Although the revised name in 1932 was more regional in nature, the bank continued to conduct large amounts of international trade financing with both Europe and Asia and expand in northern California.
The old “Anglo-Cal” name continued after a merger with Crocker Bank in 1956 and the formation of Crocker-Anglo National Bank. The Anglo-Cal bank façade survives at 1 Sansome Street, incorporated into a modern development.