Hibernia National Bank Collection RG 527 Louisiana State Museum Historical Center August 2013
1 Hibernia National Bank Collection RG 527 Louisiana State Museum Historical Center August 2013 Descriptive Summary Provenance: Gift from Capitol One Bank Title: Hibernia National Bank Collection Dates: 1870 - 2006 Abstract: This collection of Hibernia National Bank objects covers its rich history ranging from the time that it was established in New Orleans to when it was acquired by the Capitol One Bank, 1873- 2006. The collection contains photographs, newspaper clippings, staff memos, newsletter, and ledgers, along with original doorknobs, locks, mailboxes, stamps, and safety deposit key chains (located in SciTech). [Source: LSM acquisitions records]. Extent: 26 boxes Accession: 2008.075.05.001-.114; 2012.055.001-.1669 ______________________________________________________________________ Biographical / Historical Note Hibernia National Bank was founded in 1870 as a personal banking and commercial lending institution headquartered in NEW Orleans, LA. It was the largest and oldest bank headquartered in Louisiana, with other locations in Texas, Mississippi, and Arkansas. In March 2005, it was announced that the Capitol One Financial Corporation would be acquiring Hibernia National Bank for $5.3 billion. The acquisition was set to close in September; however, just a few days before the deal was to be completed, Hurricane Katrina devastated New Orleans – Hibernia’s headquarters and biggest market. Capital One later agreed to acquire Hibernia at a lower price (approximately $5.0 billion), reflecting Hibernia’s lower value The bank became a wholly owned subsidiary of Capital One Financial Corporation in November 2005, and is now known as Bank South within Capital One. Capital One replaced the Hibernia name and brand with its own on April 24, 2006.
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