Modern Banking

Historical marker location:
8700 Georgia Avenue, Silver Spring, Maryland
( Marker is at the intersection of Georgia Avenue (Maryland Route 97) and Camron Street when traveling south on Georgia Avenue.)
Marker installed: 2013

Landmark Architecture. Silver Spring Georgia Avenue Heritage Trail

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Maryland was originally intended to be called "Crescentia": Lord Baltimore's original plan was to name the colony after the Queen Henrietta Maria, the wife of King Charles I. However, the name was already taken, so he proposed the name "Crescentia" instead. The name was eventually changed to "Maryland" in honor of Henrietta Maria.
Montgomery County, Maryland has a rich and diverse history that spans centuries. Before European settlement, the area was inhabited by various Native American tribes, including the Piscataway and the Seneca. The first European explorers arrived in the 17th century, with English settlers establishing tobacco plantations along the Potomac River. The county was officially formed in 1776, named after General Richard Montgomery, an American Revolutionary War hero.

During the 19th century, Montgomery County remained predominantly agricultural, with farms and small villages dotting the landscape. The construction of the Chesapeake and Ohio Canal in the 1820s brought economic growth and trade to the county's towns located along the canal route. In 1852, the arrival of the Baltimore and Ohio Railroad further stimulated development, connecting the county to other parts of Maryland and neighboring states.

In the 20th century, Montgomery County experienced significant suburbanization as Washington, D.C. expanded. The county became an attractive residential area for people working in the nation's capital. The completion of the Capital Beltway in the 1960s facilitated commuting and led to further growth and development. Montgomery County became known for its excellent schools, diverse neighborhoods, and a thriving economy, attracting people from various backgrounds and cultures.

Today, Montgomery County is one of the most populous and affluent counties in Maryland. It is home to a vibrant and diverse community, with a strong economy driven by industries such as biotechnology, healthcare, government agencies, and education. The county offers a wide range of recreational amenities, from parks and hiking trails to cultural institutions and shopping centers.

This timeline provides a glimpse into the major events and milestones that have shaped the history of Montgomery County, Maryland.

  • 1694 - Montgomery County established as part of Maryland colony
  • 1700s - Early settlements and growth in agriculture
  • 1776 - Montgomery County residents support American Revolution
  • 1801 - Capital of the United States moves to Washington, D.C., just south of Montgomery County
  • 1850s - Construction of the Chesapeake and Ohio Canal brings economic development
  • 1861-1865 - Montgomery County residents participate in the American Civil War
  • 1873 - Great Montgomery County Fair established
  • 1878 - Founding of the Maryland Agricultural College (now University of Maryland)
  • 1890s - Introduction of electric streetcars
  • 1950s - Suburbanization and rapid population growth
  • 1970s - Construction of the Washington Metropolitan Area Transit Authority's Red Line
  • 1980s - Establishment of technology and biotechnology industries in the county
  • 2000s - Growth of diverse communities and emphasis on environmental sustainability