Old Stone Bank

Old Stone Bank Building
General information
Address86 South Main St.
Town or cityProvidence, Rhode Island
Estimated completion1854
Technical details
MaterialGranite
Design and construction
Architect(s)C.J. and R.J. Hall
Old Stone Bank
Company typePublic
Nasdaq: OSTN
IndustrySavings & Loan
Founded1819; 205 years ago (1819) in Providence, Rhode Island as Providence Institution for Savings
DefunctJanuary 29, 1993; 31 years ago (1993-01-29)
FateInsolvency
SuccessorCitizens Financial Group
HeadquartersProvidence, Rhode Island, US
Area served
Rhode Island
ParentOld Stone Corporation

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. Providence-based Citizens Bank acquired all of the savings bank's deposits the following year.

  1. ^ "Library Catalog Search". Rhode Island Historical Society. Archived from the original on 2011-08-18. Retrieved 2008-07-12.
  2. ^ Cite error: The named reference wsj-1994jul06 was invoked but never defined (see the help page).