Alex. Brown & Sons
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Alex. Brown & Sons was an American investment bank, founded by Alexander Brown in 1800 and based in Baltimore.
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[edit] Early history
Alex. Brown & Sons for, among other things, organizing the first initial public offering in the United States, that of the Baltimore Water Company, in 1808, and that of the Baltimore and Ohio Railroad in 1827. Two of Alexander Brown's sons, George and James, would later form Brown Bros. & Co, a predecessor to Brown Brothers Harriman & Co.
[edit] Integration into Deutsche Bank
At the time the oldest privately-held bank in the U.S., in Alex. Brown & Sons was bought by Bankers Trust in 1997, which in turn was acquired by Deutsche Bank in 1999. The Alex Brown name survives as Deutsche Bank Alex. Brown, the brokerage services division of Deutsche Bank Securities.
[edit] Noted personnel
Alex. Brown's chairman in 1998 was A. B. "Buzzy" Krongard, who was appointed Executive Director of the CIA in 2001.
