Who opposed the national bank and why?

Opponents of the national bank, notably figures like Thomas Jefferson and James Madison, argued that it concentrated too much financial power in a centralized institution, which they believed threatened states' rights and individual liberties. They contended that a national bank favored the wealthy elite at the expense of ordinary citizens and could lead to potential corruption and economic instability. Additionally, they questioned the constitutionality of such a bank, arguing that it exceeded the powers explicitly granted to the federal government.