Bank of Alaska was founded in 1916 by Andrew Stevenson in Skagway, Alaska. In 1978, Bank of Alaska was operating 34 branches in 19 communities. In 1982, it was reorganized as a wholly owned subsidiary of bank holding company National Bancorp of Alaska. In December 1999, National Bancorp of Alaska agreed to a $907 million buyout by Wells Fargo & Co. It had more than $3 billion in assets and 53 National Bank of Alaska branches in 29 Alaskan communities, with an additional branch in Seattle, Washington.
Wells Fargo & Co. WFC equity trades at 50.59 and has a market cap of 255.8B, EPS 4.07, P/E 12.3 and DIV yield of 3.04%. It did beat earnings on 4-14-16 by 1.02% coming in at 0.99. DIV Ex-date of 5-4-16 payable 0.38 QRTR on 6-1-16.
Oxxford Clothes was founded in 1916 by Jacob and Louis Weinberg and is headquartered in Chicago. Think classic. In 2001, Forbes magazine rated Oxxford the best American suit. It was boasted that Clark Gable, Cary Grant, Walt Disney and Joe DiMaggio were among its customers. Even though this is a private company, it’s hard to pass up the history.
Beane Brothers was a brokerage firm in New Orleans founded by Alpheus Crosby Beane and his brothers Frank Jr. and William. The firm traded primarily in cotton with offices in Columbus, Georgia, and New Orleans. Beane Brothers was dissolved in 1915 and in 1916, Alpheus entered into a brokerage firm with Fenner, Gatling & Beane.
The firm expanded quickly focusing on trading commodities, notably futures contracts for grain and cotton. Following the death of Alpheus Beane in 1937, Charles Fenner and Alpheus’ son began discussions with Merrill Lynch about a merger. The merger was completed in 1941 creating Merrill Lynch, Pierce, Fenner & Beane.
Alpheus Beane’s son would later leave the firm after working there for more than 25 years to start his own firm which was later acquired by Reynolds & Co.
Merrill Lynch & Co. traded on the NYSE under the ticker MER up until the financial crisis of 2008, when it agreed to be acquired by Bank of America. The acquisition was completed in 2009 and Merrill Lynch & Co., Inc. was merged into Bank of America Corporation in October 2013. Certain Bank of America subsidiaries continue to carry the Merrill Lynch name, including the broker-dealer Merrill Lynch, Pierce, Fenner & Smith.
Bank of America Corp BAC equity trades at 14.77 with a market cap of 152.3B, EPS (ttm) 1.21 and P/E 12.0.
Reynolds & Co. was founded in 1931 in New York by Richard S. Reynolds Jr., a tobacco heir. Reynolds was incorporated in 1971 as Reynolds Securities in advance of an IPO. In 1976, Reynolds implemented REYCOM, the most sophisticated high-speed wire system in the industry. As the firm expanded it acquired international offices in Switzerland. In 1977 Reynolds acquired Baker Weeks & Co., whose strength was securities research. In 1978, Reynolds Securities merged with Dean Witter which can be found as Dean Witter Reynolds. Dean Witter Reynolds merged with Morgan Stanley in 1997.
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