Old Stone Bank was a popular Rhode Island banking institution. It was founded as a mutual savings bank, officially named the Providence Institution for Savings, in 1819.
In the early 1970s the bank adopted as its mascot and "spokesperson" cartoon character Fred Flintstone, who would say in commercials "Yabba-dabba-doo, love that Old Stone Bank!"
The bank's ATMs were called "Ready Freddy".
Old Stone Bank collapsed in the 1980s after the federal government convinced it to take over two failed savings and loan institutions, but reneged on its promise that it would not hurt the bank to do so.
In 1992, Old Stone filed a lawsuit against the government alleging breach of contract. They were awarded $192 million in 2004, but an appeals court reduced the award to 74.5 million, and the Supreme Court declined to hear a further appeal.
Read more about Old Stone Bank: Old Stone Bank Building
Famous quotes containing the words stone and/or bank:
“Anybody who’s been through a divorce will tell you that at one point ... they’ve thought murder. The line between thinking murder and doing murder isn’t that major.”
—Oliver Stone (b. 1946)
“I have passed down the river before sunrise on a summer morning, between fields of lilies still shut in sleep; and when, at length, the flakes of sunlight from over the bank fell on the surface of the water, whole fields of white blossoms seemed to flash open before me, as I floated along, like the unfolding of a banner, so sensible is this flower to the influence of the sun’s rays.”
—Henry David Thoreau (1817–1862)