Massachusetts Bank is incorporated.

Founded by Moses Michael Hayes, Stephen Higginson, Judge John Lowell, and others, it opens a month later in the Manufactory House at today’s 1 Hamilton Place. It is the first and the oldest federally charted, stock-owned commercial bank in Boston and third in the U.S. after the Bank of North America in Philadelphia (est. 1781) and the Bank of New York (est. 1784). The bank moves to the former American Coffee House at 66 State Street in 1792, and to a new building on State Street in 1809.* It becomes a national bank on May 1, 1865, and acquires and merges with the First National Bank of Boston in 1903, is renamed Bank of Boston in 1982, and acquires and merges with BayBank and becomes BankBoston in 1996. Acquired by the Fleet Financial Group, it becomes FleetBoston Financial in 1999, then is acquired by Bank of America in 2004.