First National Bank of Boston

First National Bank of Boston

In 1903, The Massachusetts Bank merged with The First National Bank of Boston amidst a wave of consolidation in the banking industry at the start of the 20th century. First National had been founded in 1859 as Safety Fund Bank, changing its name in 1864 when it joined the national bank system. After a year operating as The Massachusetts First National Bank of Boston, the combined firm dropped the usage of "Massachusetts" in the name.