From the About page:

>SBCL derives most of its code from CMU CL, created at Carnegie Mellon University. Radical changes have been made to some parts of the system (particularly bootstrapping) but many fundamentals (like the mapping of Lisp abstractions onto the underlying hardware, the basic architecture of the compiler, and much of the runtime support code) are only slightly changed. Enough changes have been made to the interface and architecture that calling the new system CMU Common Lisp would cause confusion - the world does not need multiple incompatible systems named CMU CL. But it's appropriate to acknowledge the descent from the CMU hackers (and post-CMU CMU CL hackers) who did most of the heavy lifting to make the system work. So the system is named Steel Bank after the industries where Andrew Carnegie and Andrew Mellon, respectively, made the big bucks.