Company type | Public |
---|---|
Nasdaq: OSTN | |
Industry | Savings & Loan |
Founded | 1819Providence, Rhode Island as Providence Institution for Savings | in
Defunct | January 29, 1993 |
Fate | Insolvency |
Successor | Citizens Financial Group |
Headquarters | Providence, Rhode Island, US |
Area served | Rhode Island |
Parent | Old 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.
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