FIRST BANK OF THE UNITED STATES REOPENS

 

Independence National Historical Park and Independence Historical Trust [held] a public ribbon cutting on July 1 to celebrate the multi-year, $43 million renovation of the historic First Bank of the United States.

"For more than two centuries, the First Bank building has stood as a symbol of the nation's transition from revolution to republic," said Steven Sims, superintendent of Independence National Historical Park. "The building connects the victory of the Revolution to the difficult work of creating a functioning government, economy, and civic identity in the years that followed."

Chartered in 1791 under the leadership of Treasury Secretary Alexander Hamilton, the First Bank of the United States operated until 1811 as the nation's first federally chartered bank. The institution played a central role in stabilizing the young nation's economy, managing war debt, and establishing the federal government's credibility in global financial markets. Authorized by legislation signed by President George Washington, the Bank helped lay the foundation for the country's early financial system and affirmed the federal government's authority to shape the nation's economic future.

The restoration effort reflects a longstanding partnership between the National Park Service and Independence Historical Trust, the nonprofit philanthropic partner of Independence National Historical Park. The Great American Outdoors Act Legacy Restoration Fund, signed into law by President Trump in 2020, provided the National Park Service with $39.3 million to restore the interior and exterior of the national historic landmark and make critical improvements to enable public visitation for the first time in decades, including replacing leaking metal roofing, stabilizing, cleaning, and repairing marble and brick masonry, enhancing accessibility, correcting moisture incursion problems, and updating the electrical and HVAC systems. The Trust contributed an additional $4.5 million toward the building's rehabilitation and design and continues to raise funds for exhibits and long-term stewardship of the site.

Exhibits in the building highlight the role of art and artifacts in American history and diplomacy. Developed in partnership with the U.S. Department of State and Drexel University, the exhibits feature items from U.S. embassies and the City's Atwater Kent Collection at Drexel University, including commemorative objects related to Philadelphia's celebrations of the 1876 Centennial, 1926 Sesquicentennial, and 1976 Bicentennial.

Philadelphia's civic and cultural institutions have long served as stewards of the nation's founding story, preserving the documents, debates, and places that shaped the United States. From the halls where independence was declared to the archives that safeguard early federal records, the city continues to care for the tangible legacy of the American experiment. The reopening of the First Bank building carries that stewardship forward, returning visitors to a site where foundational questions of economic governance were first put into practice.

The First Bank reopening is part of a broader slate of projects by Independence National Historical Park and Independence Historical Trust to celebrate America's 250th anniversary. In preparation for the Semiquincentennial, and in alignment with Executive Order 14253, Independence National Historical Park has completed infrastructure repairs and improvements to historic structures and features on Independence Square, including Independence Hall, Congress Hall, and Old City Hall. Together, the park and the Trust will break ground on the Join or Die sculpture initiative and install an America 250 time capsule to engage future generations. These projects reflect a coordinated investment in preserving, enhancing, and activating the nation's most historic square mile at a once-in-a-generation milestone moment.

To read the complete article, see:
Historic First Bank of the United States Building to Reopen July 1 (https://inht.org/first-bank-reopens-july-1/)

See also:
One of America's Most Important Historic Buildings Just Reopened to the Public After Nearly 50 Years (https://www.travelandleisure.com/first-bank-of-usa-reopens-as-museum-12009944)
Philly's First Bank of the United States Reopens This Summer as a Museum: What to Know (https://www.visitphilly.com/things-to-do/attractions/first-bank-of-the-united-states/)

	NBS (coinbooks.org) Web