Provident Institution for Savings in the Town of Boston, Historic bank in Downtown Boston, United States
The Provident Institution for Savings occupies a building that reflects early 19th-century American banking architecture in downtown Boston's financial district.
Founded in 1816 as the first chartered savings bank in the United States, the institution began operations with meetings at the Exchange Coffee House.
The bank served working-class families and immigrants, providing them with secure financial services and opportunities for economic advancement in Boston.
After multiple mergers and acquisitions, including Shawmut Bank in 1992, the institution transformed into Fleet National Bank of Massachusetts.
The bank's initial deposits grew from $233,034 in 1820 to over $38 million by 1900, demonstrating the rapid expansion of savings in Boston.
Location: Massachusetts
GPS coordinates: 42.35860,-71.05980
Latest update: March 4, 2025 02:30
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