Harris, Forbes & Co.
Harris, Forbes & Co. logo c. 1911 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Predecessor | N.W. Harris & Co. |
| Founded | 1911 |
| Founder | Harris Trust & Savings Bank |
| Defunct | 1932 |
| Fate | Dissolved and the remaining business sold |
| Successor | First Boston Corporation |
| Headquarters | , |
| Products | Bonds |
| Parent | Harris Bank |
Harris, Forbes & Co. was an investment banking affiliate of Harris Bank incorporated in 1911. Harris, Forbes firm was acquired by Chase National Bank in 1930 to form Chase Harris, Forbes. Just two years later, in 1932, the firm was dissolved after the passage of the Glass–Steagall Act in 1932. Chase transferred what remained of its securities business to the Bank of Boston's newly formed First Boston Corporation, buttressing that firm's early municipal bond department.