| Company type | Privately held company |
|---|---|
| Industry | Banking |
| Founded | March 17, 1831; 193 years ago (1831-03-17) (as Grand Bank) |
| Headquarters | Marblehead, Massachusetts |
| Key people | James E. Nye, President & CEO |
| Website | www |
National Grand Bank of Marblehead is a bank headquartered in Marblehead, Massachusetts. It was named in honor of the brave "men o’ Marblehead" and their dangerous fishing voyages.
History
The bank was founded on March 17, 1831 as the Grand Bank, a state bank serving mariners and merchants.
On October 3, 1864, the bank voted to surrender the state charter and begin operating as a national bank. December 31, 1864, it received a federal bank charter and was renamed National Grand Bank of Marblehead, commencing national operations on February 1, 1865.
In 2002, the bank opened a student-operated branch in Marblehead High School.
References
- ^ "National Grand Bank of Marblehead Named in Honor of Brave Fishermen". Office of the Comptroller of the Currency.