166:
178:
150:
17:
194:
552:
109:
Saugus, Malden, and
Chelsea." Although the Provident operated as a bank, in its early years it avoided the word "bank" "for the purpose of avoiding a certain sentiment of antipathy, which, at the time, appeared to be entertained toward the existing 'banks' by the common people." The amount of deposits increased dramatically through the years: deposits in 1820 totaled $ 233,034; in 1830, $ 986,959; in 1840, $ 2,071,095; and by 1900, $ 38,629,876.
996:
138:
1008:
121:
In 1986 the
Hartford National Corp. bought the Provident Institution for Savings in Boston for $ 87.2 million. "The Provident became a wholly owned subsidiary of Hartford National. However, The Provident, which is the fourth-largest savings bank in Massachusetts, will continue to operate under
108:
At first, only people who lived in Boston or
Charlestown were admitted as depositors. In 1822, the bank expanded its client base to include depositors from "Quincy, Milton, Dorchester, Dedham, Roxbury, Brookline, Waltham, Brighton, Newton, Weston, Cambridge, Watertown, West Cambridge, Medford,
112:
Into the 19th century, the
Provident's early spirit of civic benevolence and socio-economic inclusion may have diminished. According to one historian, the bank "sought large deposits, made timely loans to textile firms in which its directors were interested, and generally profiteered."
82:. They agreed the "object of the institution" was "to provide a safe and profitable mode of enabling industrious persons of all descriptions to invest such parts of their earnings or property, as they can conveniently spare, in a manner which will afford them both profit and security.
44:
and others founded the bank on the belief that "savings banks would enable the less fortunate classes of society to better themselves in a manner which would avoid the dangers of moral corruption traditionally associated with outright charitable institutions."
165:
177:
193:
58:"The leading citizens of Boston ... felt that participation in the administration of the savings banks in their was an integral part of their civic duties." Led by Savage, founders of the bank included
149:
1027:
137:
433:
A Massachusetts savings bank: being an account of the
Provident Institution for Savings: together with a discussion of some problems of savings-bank management and legislation
1086:
474:
78:, provided significant start-up energy, since a savings bank would encourage virtuous thrifty behavior amongst his parishioners. Early meetings took place in the
1066:
815:
651:
503:
898:
1091:
918:
853:
823:
86:
626:
448:
1081:
843:
833:
828:
923:
903:
883:
16:
870:
858:
848:
621:
1071:
928:
888:
878:
661:
606:
98:
75:
893:
863:
656:
122:
the name it has been using since 1816." The bank kept its original name through 1992. In 1993, the
Provident was merged into
908:
716:
686:
583:
496:
79:
726:
671:
573:
531:
335:
Ronald D. Story (1977). "'That Damned Pack of
Sharpers': Savings Banks and American Society in the Nineteenth Century".
20:
Provident
Savings building (built 1833), adjacent to King's Chapel Burying Ground, Tremont Street, Boston, 1833-1856
1011:
681:
641:
568:
526:
1076:
1000:
945:
779:
696:
631:
489:
578:
275:
Lance Edwin Davis; Peter Lester Payne (1958). "From
Benevolence to Business: The Story of Two Savings Banks".
199:
Former house of Thomas
Handasyd Perkins, Temple Place, Boston, occupied by Provident Savings beginning in 1856
611:
252:
184:
102:
59:
706:
976:
800:
759:
751:
711:
666:
456:
41:
676:
646:
955:
636:
616:
63:
551:
85:
In the first decades of its history, the Provident occupied several buildings in downtown Boston --
805:
784:
588:
933:
741:
352:
156:
810:
541:
468:
284:
258:
Memoir of the Hon. James Savage, LL.D., late president of the Massachusetts Historical Society
227:
344:
971:
736:
536:
512:
436:
435:, Committee on Charities and Correction to Massachusetts Board of Managers, World's Fair,
235:
171:
Scollay's Building, Scollay Square, Boston, where Provident Savings kept offices 1823-1833
71:
256:
981:
940:
769:
94:
90:
67:
1060:
746:
33:
691:
598:
449:"221 US 660 Provident Institution for Savings in the Town of Boston v. Dana Malone"
123:
37:
62:, William Cochran, Thomas Dawes, Samuel Eliot, Jonathan Hunnewell, John Phillips,
950:
764:
721:
593:
1042:
1029:
288:
774:
231:
239:
440:
356:
461:
The Provident Institution for Savings in the Town of Boston, 1816-1966
303:
By-laws of the Provident Institution for Savings in the Town of Boston
143:
Courthouse, Court Square, where the Provident first kept offices, 1817
29:
348:
481:
15:
101:; and Temple Place (beginning in 1856), in the former mansion of
701:
222:
Provident Institution for Savings in the Town of Boston (1916),
816:
American Security and Trust Company Building (Washington, D.C.)
485:
964:
793:
559:
519:
183:Provident Savings building (at right, next to the
155:Portrait of founder James Savage (1784-1873), by
66:, Jesse Putnam, Josiah Quincy, Richard Sullivan,
316:"History of the Massachusetts Savings Banks".
497:
226:, Boston: Provident Institution for Savings,
8:
871:Bank of America Corporate Center (Charlotte)
504:
490:
482:
473:: CS1 maint: location missing publisher (
318:Banker's Magazine and Statistical Register
1087:Former buildings and structures in Boston
652:Farmers and Merchants Bank of Los Angeles
417:, Massachusetts Bankers Association, 1993
224:One Hundred Years of Savings Bank Service
217:
215:
213:
270:
268:
209:
133:
466:
801:555 California Street (San Francisco)
627:Citizens & Southern National Bank
447:Court, United States Supreme (1911).
7:
1067:1816 establishments in Massachusetts
1007:
187:), Tremont Street, Boston, 1833-1856
93:(1823–1833), in Scollay's building;
14:
732:Provident Institution for Savings
26:Provident Institution for Savings
1006:
995:
994:
550:
415:Financial Institutions Directory
192:
176:
164:
148:
136:
662:First Republic Bank Corporation
607:Benj. Franklin Savings and Loan
261:. Boston: John Wilson and Son.
89:(ca.1817), in the courthouse;
1:
717:National Westminster Bank USA
687:Gibraltar Savings Association
401:Bank Directory of New England
1092:Banks based in Massachusetts
727:North Carolina National Bank
672:Fourth Financial Corporation
574:Bank of America, Los Angeles
532:Bank of America Private Bank
389:. April 2, 1986. p. 66.
385:"Hartford Nat'l-Provident".
99:King's Chapel Burying Ground
74:. Boston's Catholic bishop,
702:MBNA/Maryland National Bank
337:Reviews in American History
1108:
1082:Economic history of Boston
682:Gibraltar Savings and Loan
569:Banc of America Securities
527:Bank of America Home Loans
370:"Bank Purchase Approved".
36:, was the first chartered
1043:42.3585528°N 71.0597861°W
990:
820:Bank of America Building
579:Bank of America NT&SA
548:
97:(1833–1856), adjacent to
946:Hearst Tower (Charlotte)
780:Western Savings and Loan
697:Mercury Asset Management
632:Commercial National Bank
1048:42.3585528; -71.0597861
840:Bank of America Center
277:Business History Review
103:Thomas Handasyd Perkins
60:William Ellery Channing
40:in the United States.
1072:19th century in Boston
915:Bank of America Tower
875:Bank of America Plaza
707:Michigan National Bank
677:G. H. Walker & Co.
647:E. A. Pierce & Co.
622:Central Bank and Trust
21:
760:Standard Federal Bank
752:Security Pacific Bank
712:Montgomery Securities
642:Countrywide Financial
617:Cassatt & Company
457:Walter Muir Whitehill
80:Exchange Coffee House
19:
785:White Weld & Co.
637:Continental Illinois
612:Boatmen's Bancshares
1039: /
806:701 Brickell Avenue
589:Bank of New England
742:Robertson Stephens
431:Henry Lee (1893),
157:David Dalhoff Neal
22:
1022:
1021:
811:Albuquerque Plaza
253:George S. Hillard
1099:
1054:
1053:
1051:
1050:
1049:
1044:
1040:
1037:
1036:
1035:
1032:
1010:
1009:
998:
997:
554:
506:
499:
492:
483:
478:
472:
464:
452:
443:
419:
418:
411:
405:
404:
397:
391:
390:
382:
376:
375:
374:. March 1, 1986.
367:
361:
360:
332:
326:
325:
313:
307:
306:
299:
293:
292:
272:
263:
262:
249:
243:
242:
219:
196:
180:
168:
152:
140:
64:William Phillips
1107:
1106:
1102:
1101:
1100:
1098:
1097:
1096:
1077:Bank of America
1057:
1056:
1047:
1045:
1041:
1038:
1033:
1030:
1028:
1026:
1025:
1023:
1018:
986:
972:Amadeo Giannini
960:
899:Fort Lauderdale
789:
737:Rainier Bancorp
561:
555:
546:
537:BofA Securities
515:
513:Bank of America
510:
465:
455:
446:
430:
427:
425:Further reading
422:
413:
412:
408:
399:
398:
394:
384:
383:
379:
369:
368:
364:
349:10.2307/2701009
334:
333:
329:
315:
314:
310:
301:
300:
296:
274:
273:
266:
251:
250:
246:
221:
220:
211:
207:
200:
197:
188:
181:
172:
169:
160:
153:
144:
141:
132:
119:
72:Redford Webster
56:
51:
12:
11:
5:
1105:
1103:
1095:
1094:
1089:
1084:
1079:
1074:
1069:
1059:
1058:
1020:
1019:
1017:
1016:
1004:
991:
988:
987:
985:
984:
982:Brian Moynihan
979:
974:
968:
966:
962:
961:
959:
958:
953:
948:
943:
941:Boulder Towers
938:
937:
936:
934:St. Petersburg
931:
926:
921:
913:
912:
911:
906:
901:
896:
891:
886:
881:
873:
868:
867:
866:
861:
856:
851:
846:
838:
837:
836:
831:
826:
818:
813:
808:
803:
797:
795:
791:
790:
788:
787:
782:
777:
772:
770:Summit Bancorp
767:
762:
757:
754:
749:
744:
739:
734:
729:
724:
719:
714:
709:
704:
699:
694:
689:
684:
679:
674:
669:
664:
659:
657:First Franklin
654:
649:
644:
639:
634:
629:
624:
619:
614:
609:
604:
601:
596:
591:
586:
581:
576:
571:
565:
563:
557:
556:
549:
547:
545:
544:
539:
534:
529:
523:
521:
517:
516:
511:
509:
508:
501:
494:
486:
480:
479:
453:
451:. p. 660.
444:
426:
423:
421:
420:
406:
392:
377:
362:
343:(3): 335–341.
327:
308:
294:
264:
244:
208:
206:
203:
202:
201:
198:
191:
189:
182:
175:
173:
170:
163:
161:
154:
147:
145:
142:
135:
131:
128:
118:
115:
95:Tremont Street
91:Scollay Square
68:Elisha Ticknor
55:
52:
50:
47:
28:(est.1816) in
13:
10:
9:
6:
4:
3:
2:
1104:
1093:
1090:
1088:
1085:
1083:
1080:
1078:
1075:
1073:
1070:
1068:
1065:
1064:
1062:
1055:
1052:
1031:42°21′30.79″N
1015:
1014:
1005:
1003:
1002:
993:
992:
989:
983:
980:
978:
975:
973:
970:
969:
967:
963:
957:
954:
952:
949:
947:
944:
942:
939:
935:
932:
930:
927:
925:
922:
920:
917:
916:
914:
910:
907:
905:
902:
900:
897:
895:
892:
890:
887:
885:
882:
880:
877:
876:
874:
872:
869:
865:
862:
860:
857:
855:
852:
850:
847:
845:
842:
841:
839:
835:
832:
830:
827:
825:
822:
821:
819:
817:
814:
812:
809:
807:
804:
802:
799:
798:
796:
792:
786:
783:
781:
778:
776:
773:
771:
768:
766:
763:
761:
758:
755:
753:
750:
748:
747:Seafirst Bank
745:
743:
740:
738:
735:
733:
730:
728:
725:
723:
720:
718:
715:
713:
710:
708:
705:
703:
700:
698:
695:
693:
690:
688:
685:
683:
680:
678:
675:
673:
670:
668:
665:
663:
660:
658:
655:
653:
650:
648:
645:
643:
640:
638:
635:
633:
630:
628:
625:
623:
620:
618:
615:
613:
610:
608:
605:
602:
600:
597:
595:
592:
590:
587:
585:
584:Bank of Italy
582:
580:
577:
575:
572:
570:
567:
566:
564:
558:
553:
543:
540:
538:
535:
533:
530:
528:
525:
524:
522:
518:
514:
507:
502:
500:
495:
493:
488:
487:
484:
476:
470:
462:
458:
454:
450:
445:
442:
438:
434:
429:
428:
424:
416:
410:
407:
402:
396:
393:
388:
381:
378:
373:
366:
363:
358:
354:
350:
346:
342:
338:
331:
328:
323:
319:
312:
309:
304:
298:
295:
290:
286:
282:
278:
271:
269:
265:
260:
259:
254:
248:
245:
241:
237:
233:
229:
225:
218:
216:
214:
210:
204:
195:
190:
186:
185:Boston Museum
179:
174:
167:
162:
158:
151:
146:
139:
134:
129:
127:
125:
116:
114:
110:
106:
104:
100:
96:
92:
88:
83:
81:
77:
76:John Cheverus
73:
69:
65:
61:
53:
48:
46:
43:
39:
35:
34:Massachusetts
31:
27:
18:
1034:71°3′35.23″W
1024:
1012:
999:
956:Museum Tower
919:Jacksonville
756:Shawmut Bank
731:
692:LaSalle Bank
599:Barnett Bank
460:
432:
414:
409:
403:. 1987–1992.
400:
395:
387:Boston Globe
386:
380:
372:Boston Globe
371:
365:
340:
336:
330:
321:
317:
311:
302:
297:
280:
276:
257:
247:
223:
124:Shawmut Bank
120:
117:20th century
111:
107:
87:Court Street
84:
57:
54:19th century
42:James Savage
38:savings bank
25:
23:
1046: /
951:Miami Tower
854:Los Angeles
765:Sovran Bank
722:NationsBank
560:Historical
1061:Categories
965:Executives
667:Fleet Bank
594:BankBoston
562:components
324:(2). 1889.
205:References
977:Ken Lewis
924:Manhattan
904:St. Louis
884:Charlotte
844:Baltimore
824:Baltimore
794:Buildings
775:Suretrade
520:Divisions
289:0007-6805
1001:Category
469:citation
463:, Boston
459:(1966),
255:(1878).
240:6620182M
232:11178812
1013:Commons
929:Phoenix
889:Chicago
879:Atlanta
859:Norfolk
849:Houston
834:Oakland
829:Midland
603:Baybank
542:Merrill
441:601606M
357:2701009
49:History
894:Dallas
439:
355:
305:, 1816
287:
238:
230:
130:Images
30:Boston
909:Tampa
864:Tulsa
353:JSTOR
283:(4).
475:link
285:ISSN
228:OCLC
159:1886
24:The
345:doi
1063::
471:}}
467:{{
437:OL
351:.
339:.
322:43
320:.
281:32
279:.
267:^
236:OL
234:,
212:^
126:.
105:.
70:,
32:,
505:e
498:t
491:v
477:)
359:.
347::
341:5
291:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
