The charter of this bank was for 20 years and the state reserved the right to subscribe for 6000 shares at $300 each, and appoint two of seventeen directors annually. The first president of the bank was George Salman, elected in 1796 and served until 1807. Additional presidents during the B. of B.
The bank's charter had a lifespan of 20 years, with the state holding the option to acquire 6000 shares at $300 each and appoint two directors annually. The inaugural president was George Salman, who held office from 1796 to 1807. Notable presidents during the B. of B.