Historical banks are financial institutions that have played a crucial role in the development of economies throughout history. They originated in ancient civilizations, where merchants would store valuables and provide loans. Over time, these institutions evolved, leading to the establishment of formal banking systems in places like Italy during the Renaissance. In the 17th century, the first modern banks emerged in Europe, offering services such as currency exchange and savings accounts. Notable examples include the Bank of England, founded in 1694, which helped stabilize the economy and manage public debt. These early banks laid the groundwork for today's complex financial systems.