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Seventy Five State Street company history timeline

1854

75 State Street began as The Association for the Relief of Aged Indigent Women on the corner of Elm and Oxford Streets in 1854.

1865

The bank, located at 40 State Street, had its charter renewed several times, and in 1865, the directors applied for and received a National Charter.

1870

1870 Renamed The Home for Aged Women

1891

On July 1, 1891, National Union would have a new neighbor and banking competitor on State Street.

1900

In 1900, the company moved into offices in the Union Building, on the corner of Exchange and State Streets.

1911

In 1911, the main office moved again to another part of State Street.

1924

1924: State Street Trust becomes custodian of the nation's first mutual fund.

1926

1926 Nursing wing opened

1960

In 1960, State Street incorporated as State Street Boston Financial Corp., a one-bank holding company.

1969

1969 Board of Trustees formed and first administrator hired

1972

1972: State Street becomes international, opening an office in Munich.

1974

The technological command post for the company became the bank's data-processing headquarters, an office complex opened in Quincy, Massachusetts, a suburb of Boston, in 1974.

1975

1975 Renamed Seventy-Five State Street and current building on Gray Street opened

Fortunately, a new chief executive officer, William Edgerly, took control in 1975 and began hammering out an ambitious new strategy to turn the company around.

1977

The title State Street Boston Corporation was adopted in May 1977.

1984

1984 Wing added, additional buildings purchased, and men admitted for the first time

1991

Marshall N. Carter, formerly of Chase Manhattan Corp.'s global custody unit, became State Street's CEO in 1991, and soon found himself at the center of converging forces in the banking industry.

1991: State Street Boston is ranked as the 37th largest holding company in the United States.

1992

Edgerly, who retired as CEO in 1992, brought the stately Boston bank into the high-tech age, finding his inspiration in IBM and its emphasis on research and development.

In 1992, the company was selected as the first non-national custodian of a Swiss pension fund and the first non-Scandinavian custodian bank for a Scandinavian institutional investor.

1999

1999 Independent Senior Living program founded

2003

2003: State Street completes the acquisition of a substantial portion of Deutsche Bank's Global Securities Services.

2009

2009 Significant renovations totaling $8,000,000 completed

2017

2017 Launched new partnership with Avesta Housing

2019

2019 Groundbreaking community renovations totaling five to six million dollars begun

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Founded
1854
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Headquarters
Portland, ME
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Seventy Five State Street history FAQs

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Seventy Five State Street may also be known as or be related to SEVENTY-FIVE STATE STREET, Seventy Five State Street and Seventy-Five State Street.