This week’s Trivia Tuesday will be a quick history lesson on a few of the oldest banks in the world. While they are not the first banks ever formed, here are the three oldest surviving banks still in operation:

1. Child & Co.

Child & Co. was founded in 1664 in London, but is now a branch of the Royal Bank of Scotland. Established by Francis Child, Child. & Co was involved in the goldsmith business. Now, the bank provides wealth management, lending, and saving services. Child & Co.’s impressive client base include universities such as Oxford University, London School of Economics, and Imperial College London. Child & Co. stands today at 1 Fleet Street in London.

2. Berenberg Bank

Berenberg Bank was founded in Germany in 1590 by brothers Hans and Paul Berenberg. The Berenberg brothers were cloth merchants who expanded their business to large scale cloth import/exports and then became involved in shipping and merchant banking. The bank is now a leading independent merchant bank that is owned by the descendants of the Berenberg family.

3. Banca Monte Del Paschi Di Siena

Founded in 1472 in Italy, Banca Monte Del Paschi Di Siena is considered the world’s oldest surviving bank and is also currently Italy’s third largest bank. Banca Monte Del Paschi Di Siena began as an outlet of agricultural and pastoral regulation, but later expanded to become a distributor of charity to Siena’s citizens. More recently, Banca Monte Del Paschi Di Siena has made headlines after it accumulated tremendous debt. In early 2013, Banca Monte Del Paschi Di Siena received a $5.3 billion bailout from the Bank of Italy. However, the funds were still inadequate as the bank is currently in risk of nationalization.

That’s it for this week’s Trivia Tuesday! As always, remember to check out Sprinklebit for investment practice.