Description: Vintage Heavy Brass Disc Paperweight Bank Of New England 2” Round. It weighs 7.5 ounces and has a very hefty feel. Fine condition - see photos. I guarantee it has lots of vintage ago, decades old. The Bank of New England and the Connecticut Bank and Trust Company both originated as state banks in the early days of America’s efforts at creating a workable banking system. The older of the two is CBT, which was incorporated in 1792 as Union Bank of New London. Merchants Bank, the Bank of New England’s earliest predecessor, was granted a state charter in Massachusetts in 1831.The 1966 Douglas Amendment to the Bank Holding Act, which had authorized the formation of bank holding companies, in 1956, prohibited interstate banking unless it was authorized by the particular states involved. Massachusetts and Connecticut already had reciprocal arrangements with each other, as well as with Maine, New Hampshire, Rhode Island, and Vermont. In 1970 both Connecticut Bank and Trust Company and New England Merchants National Bank approved the formation of holding companies to acquire their assets: CBT Corporation and New England Merchants Company, Inc., respectively. (The latter was not actually incorporated until 1971.) New England Merchants Company continued to grow throughout the next 15 years, merging with or acquiring seven banks and financial companies. It changed its name in 1982 to the Bank of New England Corporation, and renamed its core bank Bank of New England, or BNE. CBT Corporation was equally active, adding seven banks to its portfolio during that time.
Price: 19.95 USD
Location: Weymouth, Massachusetts
End Time: 2024-11-29T20:32:06.000Z
Shipping Cost: N/A USD
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Item Specifics
Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Theme: Banking & Insurance
