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Second Bank-State Street Trust Co. - 1959 dated Banking Stock Certificate

Inv# BS1358   Stock
Second Bank-State Street Trust Co. - 1959 dated Banking Stock Certificate
State(s): Massachusetts
Years: 1959
Color: Blue

Stock printed by American Bank Note Company. Boston, Massachusetts. The company traces its roots to Union Bank, which received a charter in 1792 from Massachusetts Governor John Hancock. It was the third bank to be chartered in Boston and its office was at the corner of State and Exchange Streets. In 1865, Union Bank received a national charter and became the National Union Bank of Boston. The bank later built a headquarters at Washington and State streets. State Street Deposit & Trust Co opened in July 1891. The name was shortened to State Street Trust Company in 1897. It became the custodian of the first U.S. mutual fund in 1924, the Massachusetts Investors Trust (now MFS Investment Management).

State Street and National Union merged in October 1925. The merged bank took the State Street name, but National Union was the nominal survivor, and it operated under National Union's charter, thus giving the current entity its rank among the oldest banks in the United States. The company merged with Second National Bank in 1955 and with the Rockland-Atlas National Bank in 1961. Read more at https://en.wikipedia.org/wiki/State_Street_Corporation

Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
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