Seamen's Bank

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Summary

Provincetown, Massachusetts, United States

With the Freeman’s Bank of Boston being the only bank in town, David Fairbanks and a group of community-minded individuals thought it was time to open Provincetown’s own bank – a mutually-owned institution that focused on the needs of the people rather than stockholder values. It would offer a high level of personal service and foster close-knit relationships with families and small businesses. Seamen’s Bank was incorporated that year and it opened for business in the Union Wharf Exchange building in 1852.

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Commercial Banks

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Recent News & Articles

22 Apr, 2022
Market Share is Moving to FinTechs and Digital Banks

Younger banking customers are making a decided move away from megabanks like Bank of America, JPMorgan Chase, and Wells Fargo for digital banks and fintechs like Chime, PayPal, and Square, according to research done by Cornerstone Advisors.