Union Bank, Providence
As reported in 1891:
“The Union Bank was incorporated in 1814. The first directors were: Ephraim Brown, Amos M. Atwell, Samuel Aborn, Elisha Dyer, Amasa Mason, Samuel Ames, Ephraim Talbot, James Rhodes, Benjamin Clifford, Isaac Bowen, Jr., and Richmond Bullock. The bank occupies the Union Bank Building, at 10 Westminster street, the building having been erected for it in 1815. The successive presidents have been: Ephraim Bowen, Benjamin Clifford, Amasa Mason, to about 1840; Elisha Dyer, from about that date to 1855; John Hormsbee,1855 to 1861; James Y. Smith, 1861 to 1877; Charles A. Xichols, 1877 to 1878; Henry G. Russell, 1878 to the present time.
“The capital of the bank has varied at different times. From $500,000, about 1870, it rose to 8800,000, and in the course of about seven years dropped again to $500,000, where it now stands. Successive cashiers from the start have been: Richard Lippitt, Thomas B. Fenner, William J. King, James B. Hoskins, to 1870, after a term of more than thirty years; Joseph C. Johnson, 1870 to the present time. The present directors are: Henry G. Russell, Elisha Dyer, Jr., Johns H. Congdon, William W. Dunnell, Joseph C. Johnson, William A. Tucker and John W. Slater.” — Richard M. Bayles, History of Providence County, Rhode Island, Volume I. New York: W. W. Preston, 1891.
According to Roger Durand, the Union Bank was forced into liquidation in 1890 due to the failure of the A&W Sprague Company. It never joined the national banking system.