| Type | Privately held company |
|---|---|
| Industry | Banking |
| Founded | March 17, 1831 (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.[1]
History
The bank was founded on March 17, 1831 as the Grand Bank, a state bank serving mariners and merchants.[1]
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.[1]
In 2002, the bank opened a student-operated branch in Marblehead High School.
References
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