Gallatin National Bank

It was organized by a group of New York businessmen including John Jacob Astor, who recruited Albert Gallatin, the former Treasury Secretary under President Thomas Jefferson, to serve as its first president.

[2][3] Tappen entered the bank in 1850 in a junior position and became "a leading figure in the financial history of New York during his presidency, having as President of the Clearing House taken the lead in guiding the banks of the city through the panic of 1893.

[4] In 1898, Arthur W. Sherman, for many years the cashier of the Gallatin National died at the Metropolitan Club.

[5] Following Tappen's death in 1902, he was succeeded by Samuel Woolverton, who joined Gallatin as cashier in 1898.

[1][a] Upon the consolidation, Gallatin's president, Samuel Woolverton, became a vice president of Hanover, and a director, along with Ernest Iselin (representing the Iselin family interests)[b] and Emlen Roosevelt.