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Industrial Trust Company, Providence

• 1886: Samuel P. Colt founds the Industrial Trust Company in Providence

• January 15, 1900: Third National Bank of Providence (Charter #636) absorbed by Industrial Trust

• January 30, 1900: Roger Williams National Bank of Providence (Charter #1506) aborbed by Industrial Trust

• March 8, 1900: First National Bank of Pawtucket (Charter #843) and Pacific National Bank of Pawtucket (Charter #1616) absorbed by Industrial Trust

• May 3, 1900: National Bank of Rhode Island in Newport (Charter #1532) absorbed by Industrial Trust

• July 19, 1900: Woonsocket National Bank (Charter #1058) absorbed by Industrial Trust

• December 17, 1900: First National Bank of Bristol (Charter #1292), National Eagle Bank of Bristol (Charter #1562), Bristol County Savings Bank and the Bristol Institution for Savings absorbed by Industrial Trust

• June 6, 1901: Pascoag National Bank (Charter #1512) absorbed by Industrial Trust

• July 30, 1901: United National Bank (Providence) organized and granted federal charter #5925. It is an ally of Industrial Trust and is located in the same building. A few months later, Second National Bank of Providence (Charter #564), Rhode Island National Bank of Providence (Charter #983), Fifth National Bank of Providence (Charter #1002) and National Eagle Bank of Providence (Charter #1030) join United National

• November 15, 1901: Newport Trust Company is incorporated, with Providence’s Industrial Trust taking a large share of its stock

• February 6, 1902: First National Bank of Woonsocket (Charter #1402) absorbed by Industrial Trust

• February 20, 1902: Wickford National Bank (Charter #1592) absorbed by Industrial Trust

• May, 1904: Mechanics Savings Bank of Providence absorbed by Industrial Trust

• August 24, 1904: First National Bank of Warren (Charter #673), National Hope Bank of Warren (Charter #1008), National Warren Bank of Warren (Charter #1419), the Warren Trust Company and the Warren Institution for Savings absorbed by Industrial Trust

• January 11, 1905: National Niantic Bank of Westerly (Charter #823) and the Niantic Savings Bank absorbed by Industrial Trust

• March, 1905: The remaining shares of Newport Trust are purchased by Industrial Trust, though it remains an independent entity within the company

• August 19, 1905: Coddington Savings Bank of Newport absorbed by Industrial Trust

• September 7, 1905: First National Bank of Newport (Charter #1021) absorbed by the Newport Trust Company, a division of Industrial Trust

• July 20, 1906: Old National Bank of Providence (Charter #1151) absorbed by Industrial Trust

• February 14, 1916: United National Bank of Providence (Charter #5925) absorbed by Industrial Trust

• May 20, 1922: Slater Trust of Pawtucket absorbed by Industrial Trust

• April 26, 1926: National Exchange Bank of Providence (Charter #1339) absorbed by Industrial Trust

• October 1,1928: The Industrial Trust Tower, an Art Deco skyscraper designed by Walker & Gilette for downtown Providence, is completed

• October 23, 1943: Mechanics National Bank of Providence (Charter #1007) absorbed by Industrial Trust

• January 21, 1946: Ashaway National Bank (Charter #1150) absorbed by Industrial Trust

• June 1, 1946: Phenix Trust of Warwick is absorbed by Industrial Trust

• October 28, 1953: Providence Union National Bank (a 1951 combination of Providence National Bank and Union Trust) merges with Industrial Trust to form the Industrial National Bank

• 1954: Newport Trust becomes the Newport branch of Industrial National Bank

• 1958: First National Bank of Smithfield at Slatersville (Charter #1035) absorbed by the Industrial National Bank

• September 29, 1961: Industrial National Bank of Providence changes name to Industrial National Bank of Rhode Island

• 1968: Industrial National Bank reorganized into a one-bank holding company named Industrial Bancorp

• 1970: Industrial Bancorp changes its name to Industrial National Corporation

• 1982: Industrial National Corporation changes its name to Fleet Financial Group

(For more information, see the Timeline of Rhode Island Banking.)

 

The Industrial Trust Company constructed this building for its quarters in 1893. It was located at the corner of Exchange and Westminster.

The Industrial Trust Company constructed this building for its quarters in 1893. It was located on Exchange Street. Seen here from the southern, Westminster Street side. This site was the former home of the First National Bank and the future home of the Hospital Trust Tower.

United National Bank's offices on Exchange Place (now Kennedy Plaza). The other half of this office was occupied by the Industrial Trust Company. Today, the former Hospital Trust Tower (Now Soverign Bank Tower) stands in this location.

To the north, the ground floor of the Industrial Trust building was occupied by the United National Bank, an affiliate of the trust organization.

The Industrial Trust Building on Exchange Street seen from Exchange Place (now Kennedy Plaza).

The Industrial Trust Building on Exchange Street seen from Exchange Place (now Kennedy Plaza). The sign on the roof reads, “Industrial Trust Co. Resources Over $90,000,000.”

Bank check from the trust company.

Bank check from September, 1899.

The First National Bank of Pawtucket and the Pacific National Bank were consolidated into a single branch representing the Industrial Trust Company in Pawtucket. Seen here at right, early 1900s, just down the street from Slater National Bank's headquarters.

The First National Bank of Pawtucket and the Pacific National Bank were consolidated into a single branch representing the Industrial Trust Company in Pawtucket. Seen here at right, early 1900s, just down the street from Slater National Bank’s headquarters.

Industrial Trust's branch in Wickford, sometime after 1902. It formerly houses the Wickford National Bank.Wickford National Bank, WC 0034. Rhode Island Collection, Providence Public Library, Providence, R.I. Reprinted with permission.

Industrial Trust’s branch in Wickford, sometime after 1902. It formerly housed the Wickford National Bank.
Wickford National Bank, WC 0034. Rhode Island Collection, Providence Public Library, Providence, R.I. Reprinted with permission.

The Newport Trust building.

The Newport Trust/Industrial Trust building at 303 Thames Street in Newport, built in 1902 and demolished in 1972.

The Industrial Trust branch in Warren, built to succeed the National Hope Bank and four other banks in town.

The Industrial Trust branch built in Warren, after the purchase of all five of the town’s banks in 1904. The structure is still standing at 414 Main Street.

The Industrial Trust Company's branch in Westerly, after the purchase of the Niantic Bank

Industrial Trust’s branch on High Street in Westerly, after the purchase of the National Niantic Bank and before the structure’s reconstruction. The “Industrial Trust Company” sign is visible in the window at left.
Niantic Bank, Westerly, WC 0029. Rhode Island Collection, Providence Public Library, Providence, R.I. Reprinted with permission.

Industrial Trust Building 1928

An announcement about the soon-to-open Industrial Trust Building. The Butler Exchange, the structure the new tower replaced, is shown in the upper right. From the Providence News, September 13, 1928.

industrial Trust Providence

An ad for the Dahlstrom Metallic Door Company featuring the Industrial Trust Tower from 1927.

Industrial National Bank

The Industrial National Bank building overlooks the train station in the winter of 1954.

Industrial National Bank building, circa 1960s.

Industrial National Bank building, circa 1960s.

Industrial National Bank's office in Westerly.

Industrial National Bank’s branch in Westerly.

Safe deposit box key fob, for the vault within the Industrial Trust Tower.

Safe deposit box key fob, for the vault within the Industrial Trust Tower.

Sign for an Industrial National Bank branch.

Sign for an Industrial National Bank branch.

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