General Electric's Owen D. Young once described him as "the most colorful and attractive figure in the commercial banking world" of his time.
For Middlebury College in Middlebury, Vermont, he endowed the Albert Henry Wiggin Memorial Scholarship Fund plus he and his wife formed the Albert H. and Jessie D. Wiggin Foundation which gave grants to institutions such as the United Hospital Fund and the Department of Medicine at Columbia University.
He gained recognition as one of the up-and-coming in the Wall Street banking community for his role in organizing Bankers Trust.
[5] Wiggin had an integral role in creating commercial and industrial accounts that ultimately gained Chase's revenue.
In 1917, Wiggin was made Chairman of the bank and served on the board of directors of more than fifty major American corporations.
[1] Wiggin became an important player on the world financial stage and in 1923 opened a Chase National Bank representative office in London, England which began lending directly to governments and businesses throughout Europe.
On behalf of Chase National Bank, Wiggin, along with other bankers, committed substantial funds for an investment pool.
[1] As head of one of America's most important banks, Wiggin was consulted by the Hoover Administration for suggestions on how to deal with the Great Depression.
In 1949 Wiggin sold his 24 percent interest in American Express, stipulating that it would not be broken up or wind up owned by Chase.
[1] Albert Wiggin died on May 21, 1951, at the age of 83, at his summer home, Field Point Park in Greenwich, Connecticut, after a prolonged illness.