Bailey & Kitchen, as it was originally known, was founded in Philadelphia in 1832. It become Bailey & Co. in 1841, and Bailey Banks & Biddle in 1878.
At the turn of the century, Bailey Banks & Biddle was commissioned by the U.S. Government to update the Great Seal of the United States; its design today remains the official version of the seal. The company also designed and made many of the military medals that are still used today, including the Medal of Honor, the Silver Star, the Bronze Star and the Purple Heart. The company also produced medals for private organizations like the Holland Society of New York City.
In 1962, Bailey Banks & Biddle became a part of the Zale Corporation. Zale opened many Bailey Banks & Biddle stores in numerous cities. In 2007, Zale Corporation sold the 65-store jewelry chain to Finlay Enterprises. Finlay Enterprises filed for Chapter 11 bankruptcy in August 2009, and the name of Bailey Banks & Biddle was acquired by the current owners in the spring of 2010.
Sourced mainly from Wikipedia.