Standard National Bank

Standard National Bank Standard National Bank Group Ltd.
Motto	Kuanatamali, noanu e salanu. Banking, good and proper
Type	Public
Traded As	La Rochelle Stock Exchange: STNB
Founded	20 April 1910 (1910-04-20)
Founder	Standard National Bank Act, 1910
Headquarters	SNB Building, La Rochelle
Country of Origin	The Oan Isles
Area Served	Aurora and Gondwana
Key people	Alistair Ulua Chief Executive Officer, Timothy Ulua Chairman of the Board, William Ulua Chief Financial Officer
Industries	None
Services	Commercial, investment and developmental banking and planning
Revenue	SH$1,457 billion (2289)
Operating Income	SH$1,212 billion (2289)
Profit	SH$560 million (2289)
Total Assets	SH$270 billion (2289){
Total Equity	SH$252 billion (2289)
Owner	Government of The Oan Isles (25%), Ulua Family Trust (33%), Oan National Development Bank (23%) and the Oan Industrial and Commercial Bank (18%)
Number of Employees	78,230
Divisions	Standard National Investment, Standard National Commercial, Standard National Finance, Standard National Equity
Notes
Homepage	http://www.snb.co.oa

The Standard National Bank is one of the largest commercial and investment banks in The Oan Isles.

History

The Standard National Bank was established by the Standard National Bank Act, which was passed by the 45th National Assembly of the Oan Isles on 20 April 1910. A number of private banks were experiencing financial difficulties, many to the point of bankruptcy. Rather than bail them out, the state bought them out and amalgamated them into a single body, the Standard National Bank, a commercial, but state owned bank, using the Standard Banking Act as the instrument of its founding, incorporation and management.

The bank only began operating in 1912. Its headquarters were built in downtown La Rochelle in the First SNB Building. The building proved an inadequate housing as the bank rapidly expanded its services and operations amd employed more staff. In 1945, the La Rochelle Stock Exchange was founded to manage exchange of securities and debts. The Standard National Bank was listed on its indices, offering debts and securities in return for financial capital. In this sense the first day of the availability of such securities and debts can be called its Initial Public Offering (the term only came to be used in its modern sense when the Oan Dollar became a fiat currency in 1975).

The bank established a branch office in Harmony City, Konoa (formerly Harmony Province) in 1969. It bought the Harmony Land Bank a year before, rebranding itself and occupying its Harmony City offices. It remained on an upward trajectory and began operations in main land Aurora beginning in Staynes in 1972. When The Auroran Imperial War broke out, its expansion and growth was haulted and its revenues plunged. Although the pan continental war ended 3 years later, the Oan bank's expansion was hit hard and it curtailed its operations in Aurora significantly.

SNB Building, Central Business District, La Rochelle, The Oan Isles

In 1981, it demolished its first headquartersand built a second SNB Building in the modern style, rising 60 stories high. It was emboldened by the positive economic situation in the 1990s to open up branches in mainland Aurora. It began in the commercial and financial hubs of the continent: Tarov in Tivot, Sani Bursil in Staynes, Aura in Emberwood Coast and Weyrcliff in Dragonia. With the advent of the Automated Teller Machine, its reach and services was expanded tremendously. It flourished as it continued providing services throughout Aurora.

The state began experiencing liquidity problems. The Standard National Bank Act, 1910, was repealed by the 68th National Assembly. The state fully commercialised the bank beginning a two decade process of selling its shares. It 75% of its stake was bought over a gradual period by the Oan National Development Bank, the Oan Investment and Commercial Bank and the Ulua Family Trust.