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Provident Institution for Savings in the Town of Boston

1816 establishments in Massachusetts19th century in BostonBank of AmericaBanks based in MassachusettsEconomic history of Boston
Former buildings and structures in Boston
ProvidentInstSavings TremontSt Boston HomansSketches1851
ProvidentInstSavings TremontSt Boston HomansSketches1851

The Provident Institution for Savings (est.1816) in Boston, Massachusetts, was the first chartered savings bank in the United States. James Savage 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."

Excerpt from the Wikipedia article Provident Institution for Savings in the Town of Boston (License: CC BY-SA 3.0, Authors, Images).

Provident Institution for Savings in the Town of Boston
Tremont Street, Boston Downtown Boston

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Wikipedia: Provident Institution for Savings in the Town of BostonContinue reading on Wikipedia

Geographical coordinates (GPS)

Latitude Longitude
N 42.358552777778 ° E -71.059786111111 °
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Address

Tremont Street 18-32
02108 Boston, Downtown Boston
Massachusetts, United States
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ProvidentInstSavings TremontSt Boston HomansSketches1851
ProvidentInstSavings TremontSt Boston HomansSketches1851
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