First National Bank (FNB) just celebrated their 180th birthday on 15 December 2018. What makes this particularly significant is that the FNB storyline runs in parallel with South African history.
Following the true corporate trend, FNB, as it exists today, came about following a complex tapestry of buyouts and amalgamations to become the well-established bank it is today. This journey certainly did not occur without any upheavals – but the bank managed to stand the test of time.
Following the growth within the Eastern Cape, with Grahamstown as the main settlement in the region at the time, FNB’s predecessor, the Eastern Province Bank, was established in the town during 1838 focusing mainly on the financing of the wool industry following the wool export boom in the district.
Other significant events that occurred during 1838 include:
- Slavery came to an end in the Cape Colony;
- 4 December - British forces occupied Durban;
- 16 December - The Battle of Blood River (One day after the establishment of the Eastern Province Bank);
- 22 December - Potchefstroom was established.
Ever wondered what First National Bank (FNB) and photography have in common? They both came into existence in 1838.
Also of interest is that the mechanically propelled bicycle, as we know it today, was only designed the year after the establishment of the Eastern Province Bank, namely 1839.
Other events of significance that occurred during 1838 include:
- Ferdinand von Zeppelin , the founder of the Zeppelin airship company was born on 8 July in Germany. He died during 1917;
- Andrew Smith began publication of Illustrations of the...