This Month in History: Demise of the Park Plaza Redevelopment
Boston Properties’ Mortimer Zuckerman pulled the plug on $150 million worth of high-rise offices, apartments and hotel rooms overlooking Boston’s Public Garden 45 years ago this month.
This Month in History: The First Credit Card
The BankAmericard launched through what became known as the “Fresno Drop,” a mass mailing of plastic credit cards to 60,000 residents of Fresno, California.
This Month in History: ‘The $100M Mile’
Boston Mayor John Collins predicted Tremont Street will become known as “The $100 million Mile” as demolition of nine buildings began on Sept. 12, 1963 to make way for a 26-story apartment tower overlooking Boston Common.
This Month in History: When a Shipwreck Sank the Economy
A financial panic had set in 165 years ago this month. To stem it, banks needed a big infusion of gold – used to back paper money in those days – and that had to arrive by sea.
This Month in History: America’s First Mutual Bank
The Provident Institution for Savings began accepting deposits in an office on Boston’s Court Street in February 1817, with founder James Savage making the initial deposit of $10.
This Month in History: The Great Brink’s Robbery
At around 7 p.m., a group of seven armed men wearing masks entered the Brink’s armored car depot in Boston’s North End, making off with nearly $3 million in cash and checks.
This Month in History: Failure of the Bank of New England
Less than a week after the start of a credit union crisis in Rhode Island, Bank of New England, Connecticut Bank and Trust, and Maine National Bank – were seized by the FDIC in what was then the third-larges bank failure in U.S. history.
