National Grand Bank

At the Beginning of the 19th Century, several influential citizens of the Town of Marblehead felt the necessity for a new progressive bank. It was a period of general prosperity and expansion in the fishing industry and foreign commerce, in which Marblehead played an important role. A vital function of the bank would be to finance vessels and serve the towns fishermen as well as the prosperous merchants who made their living by the sea.

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At the Beginning of the 19th Century, several influential citizens of the Town of Marblehead felt the necessity for a new progressive bank. It was a period of general prosperity and expansion in the fishing industry and foreign commerce, in which Marblehead played an important role. A vital function of the bank would be to finance vessels and serve the towns fishermen as well as the prosperous merchants who made their living by the sea.

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