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Citizens was established in 1828 as the High Street Bank in Providence, Rhode Island. In 1871, the Rhode Island legislature gave a second charter to establish the Citizens Savings Bank which eventually acquired its parent group to form Citizens Trust Company. The bank then expanded through Rhode Island, opening a total of 29 branches in that ...
One Citizens Plaza is a 13-story office building in Providence, Rhode Island situated at the confluence of the Moshassuck and Woonasquatucket Rivers. It is the headquarters of Citizens Bank . [2] Standing at 180 ft (55 m), One Citizens Plaza is tied with the Brown University Sciences Library as the 13th-tallest building in the city.
Old Stone Bank was a popular Rhode Island banking institution that was founded in Providence in 1819 as a mutual savings bank that was called Providence Institution for Savings. [1] The savings bank was the fourth largest bank in Rhode Island [2] when it was declared insolvent by the Office of Thrift Supervision on January 29, 1993.
The Rhode Island banking crisis took place in the early 1990s, when approximately a third of the US state of Rhode Island 's population lost access to funds in their bank accounts. The events were triggered by the failure of a Providence bank, Heritage Loan & Investment, due to long-term embezzlement by its president.
The 2007–2008 financial crisis led to many bank failures in the United States. 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 ...
Thomas Cornell (settler) Joseph Jenckes Jr., early settler of Pawtucket, Warwick, and Providence. Stephen Northup, built house that remains as one of oldest in the state. John Steere, early settler of Providence and Smithfield, Rhode Island. Pardon Tillinghast, early pastor of the First Baptist Church in America.
The charter of the Second Bank of the United States (B.U.S.) was for 20 years and therefore up for renewal in 1836. Its role as the depository of the federal government's revenues made it a political target of banks chartered by the individual states who objected/envied the B.U.S.'s relationship with the central government.
Rhode Island was the first colony in America to declare independence on May 4, 1776, a full two months before the United States Declaration of Independence. [11] Rhode Islanders had attacked the British warship HMS Gaspee in 1772 as one of the first acts of war leading to the American Revolution.