Seamen's Bank

With the Freeman’s Bank of Boston being the only bank in town, David Fairbanks and a group of community-minded individuals thought it was time to open Provincetown’s own bank – a mutually-owned institution that focused on the needs of the people rather than stockholder values. It would offer a high level of personal service and foster close-knit relationships with families and small businesses. Seamen’s Bank was incorporated that year and it opened for business in the Union Wharf Exchange building in 1852.