Organization

Union Banking Corporation

New York bank owned by a Dutch bank in the Thyssen family’s business empire; its stock was seized by the U.S. in October 1942.

6 links, 2 backed by primary records. 3 more in open data

Who holds Union Banking Corporation

Legal records

Vesting Order 248

Oct 1942 Sanctioned by Office of Alien Property Custodian: all of its capital stock vested by the Alien Property Custodian under the Trading with the Enemy Act 1 2

Connections 6

E. Roland Harriman chairman Scholarship & press 1
The Associated Press reported that 3,991 of the 4,000 shares, which a Dutch bank owned, were registered in his name.

Prescott Bush director Scholarship & press 1
One of seven directors, according to Alien Property Custodian records reviewed by the Associated Press in 2003. The 4,000 shares were owned by a Dutch bank and registered in the directors’ names: 3,991 in E. Roland Harriman’s, one in Bush’s. No charges were brought.

Office of Alien Property Custodian Oct 1942 all of its capital stock vested by the Alien Property Custodian under the Trading with the Enemy Act Primary record 1 2

Bank voor Handel en Scheepvaart 100%, as of 1942 Scholarship & press 1
All 4,000 shares, which were registered in the names of seven U.S. directors.

Seizure of Union Banking Corporation, 1942 its capital stock was seized Primary record 1 2

Timeline 1 date

Proof 2 sources

Documents: Bush's Grandfather Directed Bank Tied to Man Who Funded Hitler, Associated Press (as republished by Fox News), 17 Oct 2003. Scholarship & press
Union Banking was owned by a Dutch bank, Bank voor Handel en Scheepvaardt N.V.
The 4,000 Union Banking shares owned by the Dutch bank were registered in the names of the seven U.S. directors
Union Banking was seized by the government in October 1942 under the Trading with the Enemy Act
E. Roland Harriman, the bank chairman and brother of former New York Gov. W. Averell Harriman
held 3,991 shares.
was one of seven directors of Union Banking Corp.
a New York investment bank owned by a bank controlled by the Thyssen family
Office of Alien Property Records (RG 131): Vesting Orders and Vesting Order Case Files, U.S. National Archives, Nazi War Crimes Interagency Working Group. Primary record
All of the capital stock of the Union Banking Corporation and all rights of the Bank voor Handel en Scheepvaart and the August Thyssen Bank in the debts of said corporation.

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