Old Stone Bank, Providence
This bank began its life in 1819 as the Providence Institution for Savings, an affiliate of the Providence Bank. It was the first savings institution in Rhode Island.
• 1929: The Old Stone Safe Deposit and Trust Company was formed as an affiliate safe-deposit facility of the savings bank
• 1965: The Old Stone Safe Deposit and Trust Company changes its name to the Old Stone Trust Company
• 1967: The institution officially changed its name to the Old Stone Savings Bank
• June 15, 1974: Old Stone Savings Bank and the Old Stone Trust Company are put under the umbrella of the Old Stone Corporation. Name changed to Old Stone Bank
• October 20, 1984: Old Stone Bank merged into and subsequently operated as part of Rhode Island Federal Savings and Loan Association in Providence
• January 29, 1993: Old Stone Bank closed by the Office of Thrift Supervision of the United States Department of the Treasury
• July 8, 1994: Citizens Financial Group wins bid for failed Old Stone Bank, outbidding Hospital Trust/Bank of Boston and Shawmut