 |
|||||
Careers in Banking '07 Online Registration Form The Purpose of the Website In 2004, David Lobach, CEO of Embassy Bank and a member of Moravian College’s Business and Industry Council, suggested that Moravian College have an event that connected young talent with the banking industry. In response, Moravian College with the support of Embassy Bank, Keystone Nazareth Bank & Trust, Lafayette Ambassador Bank, Sovereign Bank and Wachovia Bank, held the first annual Careers in Banking Conference and Networking Event in April 2004. The event successfully connected Lehigh Valley college students with the banking industry. After the event, this website was created to be a constant connection between individuals interested in the banking industry and banking industry professionals. The website contains information on the history of banking, the Federal Reserve Bank, types of banks, careers in banking, and the future of the banking industry. History of Banking The banking industry is said to have its genesis in the early 17th century. The origin of the word bank comes from the Italian tern ‘banca’ which means bench. The early Italian bankers carried out business on the streets of Italy and in some cases literally sat on benches while doing business. As time progressed, many European goldsmiths began to store their precious metals in vaults at banks and the banks issued receipts for their deposits and some even paid interests to attract new deposits. In the United States, banks started by offering two primary services, receiving deposits and making loans. Later in U.S. history banks began to issue checks which become popular and widely used in the late 19 th century. Real estate loans and other short term lending followed in the 20 th century and banks have continued to add services to the present day. Modern banking services include ATMs, online banking and investment advisory services. Is a Liberal Arts Degree appropriate for a banking career? How to gain experience in banking while in school Preparation for a Banking Career Professional Banking Associations
|
|||||
|
|||||
