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:
“Painting consumes labour not disproportionate to its effect; but a fellow will hack half a year at a block of marble to make something in stone that hardly resembles a man. The value of statuary is owing to its difficulty. You would not value the finest head cut upon a carrot.”
—Samuel Johnson (1709–1784)
“When she could hide him no longer she got a papyrus basket for him, and plastered it with bitumen and pitch; she put the child in it and placed it among the reeds on the bank of the river.”
—Bible: Hebrew, Exodus 2:3.