The firm was named after Washington Irving, an author, diplomat, and lawyer who had gained an international reputation as America's first man of letters.
[5] In 1922, Irving Trust opened an account with Roskombank, enabling the bank to conduct transactions with Russia and later the Soviet Union.
[3] The Irving Trust was an official sponsor of the 1980 Winter Olympic Games in Lake Placid, New York.
In 1986, Natasha Kagalovsky (née Gurfinkel) became an employee as head of the department handling accounts with the Soviet Union and Eastern Europe.
[14] During that year, Irving had been trying to participate in a friendly merger with Banca Commerciale Italiana.