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First Bank of the United States Reopens After $43 Million Restoration

The restoration returns the landmark to public use by opening temporary semiquincentennial exhibitions and planning a permanent Hamilton-focused museum for about 2028.

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First Bank of the United States in Philadelphia
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Overview

  • The First Bank held a ribbon-cutting on July 1 and opened to the public after a roughly decade-long, $43 million renovation led by the National Park Service and partners.
  • Most funding came from the federal Great American Outdoors Act Legacy Restoration Fund with $39.3 million supplied by the program and $4.5 million from the Independence Historical Trust.
  • Contractors removed extensive asbestos, fixed problematic soil borings and installed a new stormwater system while modernizing HVAC, electrical and lighting systems to meet code.
  • A new rear entrance adds an elevator and accessible restrooms so the building now offers free, scheduled public hours and two temporary exhibits on display through February 2027.
  • Officials say the reopening restores public access to a Federal-period civic landmark tied to Alexander Hamilton’s idea for a national bank and that a permanent interpretive exhibition is expected around 2028.