Franklin National Bank, based in Franklin Square in Long Island, New York was once the United States' 20th largest bank. On October 8, 1974, it collapsed in obscure circumstances, involving Michele Sindona, renowned Mafia-banker and member of the irregular freemasonic lodge, Propaganda Due. It was at the time the largest bank failure in the history of the country. Franklin Square is a hamlet (and a census-designated place) in Nassau County, New York, United States. ... Map showing Long Island; to the north is Connecticut and to the west are New York City and New Jersey. ... “NY” redirects here. ... is the 281st day of the year (282nd in leap years) in the Gregorian calendar. ... Year 1974 (MCMLXXIV) was a common year starting on Tuesday (link will display full calendar) of the 1974 Gregorian calendar. ... Michele Sindona (died 1986) was an Italian banker and convicted felon. ... The Mafia (also known as Cosa Nostra), is an Italian criminal secret society which first developed in the mid-19th century in Sicily. ... The Masonic Square and Compasses. ... This box:      Propaganda Due or P2 was an irregular or black Masonic lodge that operated in Italy from 1877-1981, headed in its final decades by Licio Gelli. ...

Banking innovations

Under the leadership of Arthur T. Roth, the Franklin National Bank introduced many banking innovations, such as: Arthur Thomas Roth (December 22, 1905 in The Bronx – September 17, 1997 in Rockville Centre, New York) was an American banker. ...

• The bank credit card (1952)
• Junior savings accounts (1947)
• The drive up teller window (1950)
• A no-smoking policy on banking floors (1958)
• Installed outdoor teller machines at branch banks (1968)
• Franklin Savings Bond which later developed into the Certificate of Deposit. (1969)

// Shared brand bank credit cards Global VISA MasterCard Regional Bankcard (Australia, New Zealand, So. ... 1952 (MCMLII) was a Leap year starting on Tuesday (link will take you to calendar). ... Year 1947 (MCMXLVII) was a common year starting on Wednesday (link will display full 1947 calendar) of the Gregorian calendar. ... Year 1950 (MCML) was a common year starting on Sunday (link will display the full calendar) of the Gregorian calendar. ... Year 1958 (MCMLVIII) was a common year starting on Wednesday (link will display full calendar) of the Gregorian calendar. ... Year 1968 (MCMLXVIII) was a leap year starting on Monday (link will display full calendar) of the Gregorian calendar. ... Also: 1969 (Stargate SG-1) episode. ...

Collapse

In 1972, Michele Sindona, a banker with close ties to both the Mafia and the irregular Freemasonic lodge, P2, and the Nixon administration, purchased controlling interest in Long Island's Franklin National Bank from Lawrence Tisch. Later the comptroller of the currency declared Tisch an unqualified director for reasons of conflict of interest, paving the way for Sindona to take over Franklin. Sindona paid more than Tisch had paid for the stock. Lawrence Tisch, Chairman of Lowes Hotels which owned hotels in Italy. Sindona finally had a money laundering machine for his work as chief financial Office of the Vatican Bank and the Sicilian drug cartel. Sindona used the banks ability to transfer funds, produce letters of credit, and trade in foriegn currencies to begin building a banking empire in the US. Much of his influence in the Republican Party and the Nixon administration saw to it that his background had little influence over his ability to become Vice Chairman and largest stock holder in the Bank. On 8 October 1974, the bank was declared insolvent due to mismanagement and fraud, involving losses in foreign currency speculation and poor loan policies[1]. Convicted in 1980 in the U.S., "mysterious Michele" was extradited to Italy. In March 1986, he was poisoned in his cell while serving a life sentence [2] [3]. Year 1972 (MCMLXXII) was a leap year starting on Saturday (link will display full calendar) of the Gregorian calendar. ... Michele Sindona (died 1986) was an Italian banker and convicted felon. ... The Mafia (also known as Cosa Nostra), is an Italian criminal secret society which first developed in the mid-19th century in Sicily. ... Map showing Long Island; to the north is Connecticut and to the west are New York City and New Jersey. ... is the 281st day of the year (282nd in leap years) in the Gregorian calendar. ... Year 1974 (MCMLXXIV) was a common year starting on Tuesday (link will display full calendar) of the 1974 Gregorian calendar. ... Year 1980 (MCMLXXX) was a leap year starting on Tuesday (link displays the 1980 Gregorian calendar). ...

External links

• Breaking the Bank Roth Built by George DeWan, Newsday Long Island History Site