Standard Bank Logo — Standard Bank is an international bank based in South Africa. Formerly in Argentina Standard Bank was Bank Boston until it was acquired in 2007. Standard Bank is currently in 39 countries. The financial group led by John Paterson created the “Standard Bank of British South Africa” in 1862. Operations began in 1863 in Port Elizabeth, South Africa, and shortly after his inauguration he joined with other relevant banks, including Commercial Bank of Port Elizabeth, the Colesberg Bank, British Bank and the Bank of Kaffrarian Fauresmith. Was prominent in financing and development of the Kimberley diamond fields in 1867.

The word “British” was dropped from the title of the name in 1883. When gold was discovered on the Witwatersrand, the bank extended to the north and 11 October 1886 began doing business in a tent at Ferreira’s Camp (later called Johannesburg, also founded in the same year) and becoming the first bank to open a branch in the Witwatersrand gold fields and the November 1, 1901 a second branch was opened in Eloff Street Johannesburg. Between 1890 and 1910 the bank opened offices across Africa, but some of them were unsustainable and had to be closed later. More

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