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The bank was the only bank in the city of Boston until the Union Bank (later the Bank of New England) was founded in 1792. In 1786, the Massachusetts Bank financed the first U.S. trade mission to China, and in 1791, it financed the first voyage of an American ship to Argentina , establishing what would become a long-standing presence in Latin ...
Bank buildings in Massachusetts (2 C, 1 P) Pages in category "Banks based in Massachusetts" The following 35 pages are in this category, out of 35 total.
The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. [2] In contrast, in the five years prior to 2008, only 10 banks failed. [2] [3] At the end of 2022, the US banking industry had a total of about $620 billion in unrealized losses as a result of investments weakened by rising interest rates. [4]
Banco Paris; closed in 2016. [10] Banco Penta; assets sold to Banco de Chile. [11] BankBoston; Chilean operations bought by Banco Itaú. [12] Corpbanca; merged with Banco Itaú Chile. [13] HSBC Bank Chile; operations merged with Banco de Chile. [14] Rabobank; dissolved in 2017, banking assets sold to Banco BICE. [15]
The bank's founders were largely made up of merchants who wanted to use a U.S., rather than British bank to send money abroad. It was first headquartered at the old Manufactory House, near Boston Common. [2] The bank was the only bank in the city of Boston until the Union Bank (later the Bank of New England) was founded in 1792. This bank ...
Berkshire Bank is an American bank headquartered in Boston, Massachusetts. It is a subsidiary of Berkshire Hills Bancorp, a bank holding company . The bank operates 83 branches in New England , and New York, and is the third largest regional bank headquartered in Massachusetts .
The Bank of New England Corporation was a regional banking institution based in Boston, Massachusetts, which was seized by the Federal Deposit Insurance Corporation (FDIC) in 1991 as a result of heavy losses in its loan portfolio and was placed into Chapter 7 liquidation. At the time, it was the 33rd largest bank in the United States, and its ...
On September 1, 2007, the individual banks under Citizens Financial Group, excluding Citizens Bank of Pennsylvania, merged into RBS Citizens, N.A. [22] In November 2008, Charter One sold its network of 65 branches in Indiana to Old National Bank which rebranded them under the Old National Bank banner. [23] [24] The transaction closed in June 2010.