Although no surviving historical records deal directly with the founding of Venice, the history of the Republic of Venice traditionally begins with the foundation of the city at Noon on Friday, 25 March, AD 421, by authorities from Padua, to establish a trading-post in that region of northern Italy. The founding of the Venetian republic is also said to have been marked at that same event with the founding of the church of St. James. However, the church (believed to be Saint Giacomo di Rialto) dates back no further than the eleventh century, at the earliest, or the mid-twelfth century, at the latest. The 11th century "Chronicon Altinate" also dates the first settlement in that region, Rivo Alto ("High Shore", later Rialto), to the dedication of that same church (i.e., San Giacometo on the bank of the current Grand Canal).