Franklin National Bank, based in Franklin Square in Long Island, New York was once the United States' 20th largest bank. On October 8, 1974, it collapsed in obscure circumstances, involving Michele Sindona, renowned Mafia-banker and member of the irregular freemasonic lodge, Propaganda Due. It was at the time the largest bank failure in the history of the country.
Read more about Franklin National Bank: History and Banking Innovations, Collapse
Famous quotes containing the words franklin, national and/or bank:
“No nation was ever ruined by trade.”
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—French National Assembly. Declaration of the Rights of Man (drafted and discussed Aug. 1789, published Sept. 1791)
“What’s breaking into a bank compared with founding a bank?”
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