Travelers Group Inc. - Delaware 1997 ( Now Citicorp)

Beautifully engraved certificate from Travelers Group Inc. issued in 1997. This historic document was printed by the American Banknote Company and has a vignette of an allegorical man handling the contents of a capricorn, while sitting beside an eagle. This item has the printed signatures of the Company's Chairman of the Board and Secretary and is over 6 years old. The certificate has been folded for the original mailing and is in EF+ condition.






Certificate Vignette



WASHINGTON, D.C., Nov. 24, 1997 - The Travelers Group, Inc. received approval from the Office of Thrift Supervision (OTS) to convert its Delaware-chartered commercial bank to a federal thrift charter. The new institution, Travelers Bank & Trust, FSB, will operate out of Newark, Del.

OTS also granted the new thrift full trust powers which will be conducted through an agency office located in New York. Travelers Bank & Trust will be a subsidiary of Commercial Credit Company, which is a subsidiary of Travelers Group. OTS approved both as thrift holding companies, as well as another Travelers subsidiary, CCC Holdings, Inc. The conversion to a thrift will permit Travelers to consolidate its mortgage lending operations and trust activities in one institution, using the powers afforded by the federal thrift charter.

In 1998, Travelers merged with Citicorp.