Establishment of City Bank of New York
CITI Bank was originally founded as the City Bank of New York on June 16, 1812, by Samuel Osgood, a statesman and former Postmaster General of the United States.
1812
1865
Joining the National Banking System
City Bank of New York joined the new national banking system and became The National City Bank of New York.
1894
Becoming the Largest Bank in the U.S.
The National City Bank of New York became the largest bank in the United States in terms of assets.
1914
First U.S. Bank to Open a Foreign Branch
CITI Bank became the first U.S. bank to open a foreign branch in Buenos Aires, Argentina, marking the beginning of its international expansion.
1930
World's Largest Commercial Bank
By 1930, CITI Bank had become the world's largest commercial bank.
1955
Merger with First National Bank of New York
The National City Bank of New York merged with the First National Bank of New York to form The First National City Bank of New York.
1967
Introduction of the First ATM
CITI Bank introduced the first automated teller machine (ATM) in the United States, revolutionizing banking convenience.
1974
Rebranding to Citibank
The bank officially shortened its name to Citibank, reflecting its growing international presence and modernized identity.
1981
Acquisition of Diners Club International
CITI Bank acquired Diners Club International, a global credit card company, expanding its credit card business.
1998
Merger with Travelers Group
CITI Bank merged with Travelers Group to form Citigroup Inc., creating one of the largest financial services organizations in the world.
2002
Launch of Citigold Wealth Management
CITI Bank launched Citigold Wealth Management, a premium banking service for high-net-worth individuals.
2008
Financial Crisis and Government Bailout
During the 2008 financial crisis, CITI Bank received a substantial bailout from the U.S. government to stabilize its operations.
2011
Introduction of Mobile Banking
CITI Bank introduced its mobile banking app, allowing customers to manage their accounts and conduct transactions via smartphones.
2017
Expansion in Digital Services
CITI Bank expanded its digital services, including the launch of Citi FinTech, to enhance customer experience through innovative technology.
2020
Commitment to Sustainable Finance
CITI Bank announced a commitment to sustainable finance, pledging $250 billion to environmental finance activities over the next five years.
2023
Leadership Change
Jane Fraser became the CEO of CITI Bank, marking the first time a woman has led the bank in its history.
