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Marine Bank, Providence

“The Marine Bank, at first located at 27 South Main street, was incorporated in May, 1856, with a capital of $250,000. Its first directors were William S. French, Benjamin B. Adams, Addison O. Fisher, William H. Bowen and O. A. Washburn, Jr. The bank was reorganized as the Third National Bank, under an incorporation dated December 20th, 1864. Its location was changed to 13 Market Square in 1859, and again to 137 Westminster street in 1884. On its reorganization the capital stock was made $400,000, which in 1866 was increased to $500,000, the present amount. William S. French, the first president, was succeeded in 1858 by Oliver A. Washburn, Jr., who continues to the present time. The first cashier was George R. Drowne, who was succeeded in 1858 by C. H. Childs. Jr. The latter served until 1886, when he was followed by Frank W. Gale. The present directors are Oliver A. Washburn, Jr., William F. Sayles, William P. Chapin, A. L. Sayles, George W. Snow and John Eddy.” — Richard M. Bayles, ed. History of Providence County, Rhode Island, Volume I. New York: W. W. Preston, 1891.

The Third National Bank was absorbed by the Industrial Trust Company in 1900.

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