. ▁As ▁a ▁result ▁of ▁several ▁transactions ▁since ▁the ▁turn ▁of ▁the ▁mill en ni um , ▁much ▁of ▁what ▁was ▁once ▁Marine ▁Mid land ▁is ▁now ▁part ▁of ▁Key B ank ▁with ▁the ▁exception ▁of ▁Down state ▁New ▁York ▁and ▁Pennsylvania . ▁ ▁History ▁ ▁Found ing ▁Marine ▁Mid land ▁was ▁founded ▁as ▁Marine ▁Bank , ▁a ▁state - char tered ▁bank , ▁on ▁July ▁ 1 0 , ▁ 1 8 5 0 , ▁with ▁capital ▁of ▁$ 1 7 0 , 0 0 0 . ▁It ▁was ▁founded ▁by ▁eight ▁men ▁from ▁across ▁New ▁York — General ▁James ▁S . ▁W ad sw orth ▁of ▁Gen ese o , ▁J . ▁P . ▁Be ek man ▁of ▁Kinder hook , ▁New ▁York , ▁John ▁Ar not ▁of ▁El mi ra , ▁John ▁M age e ▁and ▁Constant ▁Cook ▁of ▁Bath , ▁William ▁R . ▁G w inn ▁of ▁Med ina , ▁and ▁George ▁Pal mer ▁and ▁James ▁M . ▁G anson ▁of ▁Buff alo . ▁Both ▁Pal mer ▁and ▁W ad sw orth ▁had ▁rail road ▁connections . ▁The ▁two ▁had ▁financial ▁interests ▁in ▁and ▁served ▁as ▁direct ors ▁of ▁the ▁Att ica ▁and ▁Horn ell ▁Rail road , ▁while ▁Pal mer ▁had ▁links ▁also ▁with ▁the ▁Buff alo ▁and ▁State ▁Line ▁Rail road . ▁Pal mer ▁was ▁elected ▁president ▁and ▁G anson ▁was ▁named ▁c ash ier . ▁ ▁The ▁new ▁institution ▁was ▁called ▁Marine ▁Bank ▁because ▁much ▁of ▁its ▁early ▁business ▁dep ended ▁on ▁the ▁economic ▁vital ity