Nationality American Spouse Fanny Kuhn (m. 1852–1854) Occupation Banker Employer Kuhn, Loeb & Co. | Name Solomon Loeb Children James Loeb Role Banker | |
Born June 29, 1828 ( 1828-06-29 ) Worms, Rhenish Hesse, Germany Died December 1903, New York City, New York, United States | ||
Solomon Loeb (June 29, 1828 – December 12, 1903) was a German-born American banker and businessman. He was a merchant in textiles and later a banker with Kuhn, Loeb & Co.
Biography
His father, a devout Jew, had been a small corn- and wine-dealer in Worms, which belonged to the Grand Duchy of Hesse and by Rhine. Solomon Loeb immigrated to the United States in 1849. He settled in Cincinnati with the textiles merchant Kuhn, Netter & Co. He moved to New York City in 1865 and with his partner Abraham Kuhn started the banking house of Kuhn, Loeb and Co. His second born son James Loeb joined the bank in 1888 (and left in 1901). Solomon Loeb gradually retired from running the business, but left Kuhn, Loeb & Co. only in 1899. He then started to move into the real estate business. In addition, he was also a generous philanthropist.
Among his donations was the Hebrew Charities Building that formerly stood at Second Avenue and 21st Street in New York City.