Harris, Forbes & Co.

Harris, Forbes & Co.
Company typePrivate
IndustryFinancial services
PredecessorN.W. Harris & Co.
Founded1911 (1911)
FounderHarris Trust & Savings Bank
Defunct1932 (1932)
FateDissolved and the remaining business sold
SuccessorFirst Boston Corporation
Headquarters,
ProductsBonds
ParentHarris 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.