This undated image provided by the Libary of Congress shows Samuel Osgood. In 1812 Osgood was elected the first president of the newly formed City Bank of New York, which later became Citibank, and then Citigroup. Citigroup announced on Tuesday, Oct. 16, 2012, that Michael Corbat will take over the bank that got its first big break by helping the U.S. cover debts after the War of 1812. (AP Photo/Library Congress)