United States of America

Entered market 

1890

The history of Barclays in the United States can be traced back to the Colonial Bank, who first established an agency in New York in 1890. This was followed by the establishment of an agency of the National Bank of South Africa, which opened in 1915. Following this, Barclays Bank Ltd was listed in 1924, and in 1925, Barclays Bank (Dominion, Colonial & Overseas) was established, incorporating both the Colonial Bank and the National Bank of South Africa, amongst others. The two businesses - Barclays Bank Ltd and DCO - then merged to form a single Barclays Bank (DCO) at Beaver Street in New York, later moving to the Equitable Building on Broadway. By 1942, DCO had applied for a banking licence within New York state, and by 1948, had established a representative's office in San Francisco. In 1963, the New York agency had been licensed as a full branch, following legislative changes for foreign banks. Following this, a year later in 1964, a second New York branch opened on Park Avenue in anticipation of a planned expansion into the country's domestic market. 1965 saw the establishment of Barclays Bank of California (later sold to Wells Fargo in 1988) and in 1971, the establishment of Barclays Bank of New York (sold in 1992 to the Bank of New York). In 1973, Barclays Bank International opened a branch in Chicago, and by 1984, had branches in several major cities, including Boston, Houston, Seattle, Atlanta and Miami. BarclaysAmericanCorporation was then established in 1979, following the acquisition of the American Credit Corporation. In another first, Barclays was the first foreign bank to file with the Securities and Exchange Commission in Washington, DC, in 1981, and in 1986, became the first British bank to have its shares listed on the New York Stock Exchange. Further banks were also established throughout the nation at this time, such as Barclays Bank of Delaware (established in 1985, and sold in 1991 to the Beneficial Corporation) and Barclays Bank of North Carolina (established in 1986, and sold in 1992). A New York office of Barclays De Zoete Wedd was established in 1986. In 1995, Barclays purchased Wells Fargo Nikko Investment Advisors, which was then renamed BZW Global Investors, and later Barclays Global Investors. This business was sold to BlackRock in 2009. In 2002, a branch of Barclays Bank PLC was opened at 200 Park Avenue for Barclays Capital operations, and in 2004, Barclaycard entered the US market through the acquistion of the Juniper Financial Corporation. In 2007, Barclays Capital acquired the US mortgage business of Equi First. Further expansion was marked through the acquistion of Lehman Brothers in 2008. 2011 saw the launch of a partnership between Barclaycard and Sallie Mae for a new credit card, Upromise, as well as a new corporate credit card. In 2012, the Barclays Center was opened in Brooklyn, New York, and is home to the Brooklyn Nets. Barclays announced in 2015 that the Wealth and Investment Management business within the United States would be sold to Stifel Financial Corporation. All information is correct as of August 2015.

Traded as

Colonial Bank