The Second Bank of the United States was chartered in 1816, five years after the First Bank of the United States

First Bank of the United States

The First Bank of the United States is a National Historic Landmark located in Philadelphia, Pennsylvania within Independence National Historical Park.-Banking History:...

 lost its own charter

Charter

A charter is the grant of authority or rights, stating that the granter formally recognizes the prerogative of the recipient to exercise the rights specified...

. The Second Bank of the United States was initially headquartered in Carpenters' Hall

Carpenters' Hall

Carpenters' Hall is a two-story brick building in the Old City neighborhood of Philadelphia, Pennsylvania, that was a key meeting place in the early history of the United States. Completed in 1773 and set back from Chestnut Street, the meeting hall was built for and is still owned by the...

, Philadelphia, the same as the First Bank, and had branches throughout the nation.

The Second Bank was chartered by many of the same congressmen who in 1811 had refused to renew the charter of the original Bank of the United States.