What does the word Shawmut mean?
Shawmut, according to 19th-century scholarship, is a term derived from the Algonquian word Mashauwomuk referring to the region of present-day Boston, Massachusetts. It appears in a number of present-day placenames.
Was Boston a peninsula?
Maps from 1630 to the present show how the city—once an 800-acre peninsula—grew into what it is today. Last year’s drought had Boston worrying anew about a longstanding problem: The foundations beneath centuries-old homes and other buildings are at risk of rotting and crumbling.
When did Shawmut become Boston?
1630
In 1630, the group dubbed the area “Boston,” after an English town where many of them hailed from. The name is also inspired by Saint Botolph, the patron saint of travelers. With its new name, the village on the peninsula slowly became a city.
What are the 3 hills in Boston?
Most people will be able to name the “big three B-hills” in Boston, Beacon Hill, Bunker Hill, and the Blue Hills. History buffs will know of Breeds Hill where the Battle of Bunker Hill actually took place.
What happened to Shawmut?
In the middle of 1991, Shawmut and Bank of Boston Corp. began intense negotiations for a merger that would have created new England’s largest financial institution. After Bank of Boston issued an ultimatum to accept or reject the plan in January 1992, Shawmut called it quits.
Who bought Shawmut Bank?
the Fleet Financial Group of
In a deal that would create the largest bank in New England, the Fleet Financial Group of Providence, R.I., agreed yesterday to acquire the Shawmut National Corporation of Hartford and Boston for $3.7 billion in stock.
What happened to the Shawmut Peninsula?
Like much of the Massachusetts landscape, the peninsula was shaped by glacial erosion and moraine deposits left by retreating glaciers at the end of the last ice age. Of the three hills, the Trimountain was by far the largest, a steep-sided mass with three summits. Its name was eventually shortened to Tremont.
What happened to the Boston Neck?
The Washington Street Elevated (the “El”) ran subway trains above Washington Street from 1901 until 1987 when the Orange Line (which inherited the old name of the street) was relocated and the elevated tracks and stations were torn down shortly after the El’s April 1987 closure.
Was Boston built on a swamp?
Shawmut Peninsula is the promontory of land on which Boston, Massachusetts was built. The peninsula, originally a mere 789 acres (3.19 km2) in area, more than doubled in size due to land reclamation efforts that were a feature of the history of Boston throughout the 19th century.
Why did Boston fill in the Back Bay?
The newly built area became the Back Bay neighborhood. In the 1830, owners of the wharves along the South Cove, including Griffin’s wharf where the Boston tea party took place, decided filling the cove and wharves to build railroads would be more profitable than keeping the cove open for shipping.
Who bought out Shawmut bank?
the Fleet Financial Group
What did Shawmut bank become?
By the end of 1971, assets of the National Shawmut Bank alone had reached $1.37 billion. was renamed Shawmut Corporation, and its expansion of banking operations continued in the form of mergers with bank holding companies rather than the simpler acquisition of independent banks.
Where did the name Shawmut Peninsula come from?
English settlement. The name is derived from Mashauwomuk, an Algonquian word of uncertain meaning. The first recorded use of “Shawmutt” to describe the peninsula occurs in 1630, by the lone settler William Blackstone, in an invitation to John Winthrop to move the site of Winthrop’s colonial settlement to the peninsula from what is now Charlestown.
Where was New Boston built on the Shawmut Peninsula?
The gray areas marked with the words “New Boston” are all land reclaimed during the 19th century. Shawmut Peninsula is the promontory of land on which Boston, Massachusetts was built.
What was the name of the three hills on the Shawmut Peninsula?
Of the three hills, the Trimountain was by far the largest, a steep-sided mass with three summits. Its name was eventually shortened to Tremont. To the south was a narrow isthmus named Boston Neck that connected the peninsula to the mainland site of Roxbury, now a neighborhood of Boston.
What was the small town on the Shawmut road?
A small town was at Lock Haven. The railroad subsequently platted Renovo as a major repair shop area, St. Marys was a modest village peopled by German Catholics. Ridgway contained a handful of lumbermen. From there the road ran through the pines and the hemlocks to Warren.
Why did Shawmut change its name to Boston?
A group of settlers led by John Winthrop admired these clear waters, and moved to present-day Boston after stints in Salem and Charlestown. In 1630, the group dubbed the area “Boston,” after an English town where many of them hailed from. The name is also inspired by Saint Botolph, the patron saint of travelers.
Does Shawmut Bank still exist?
While bad lending decisions brought Shawmut to its knees, its consumer business — operating through 330 branches — has been a mainstay keeping the company alive. Though third in size overall in New England, Shawmut has the biggest consumer operation in Connecticut and in Massachusetts.
Where did the name Boston originate?
Originally called Tremontaine for the three hills in the area, the Puritans later changed the settlement’s name to Boston, after the town in Lincolnshire, England, from which many Puritans originated.
Who bought out Shawmut Bank?
Who bought Fleet Bank?
Bank of America
Bank of America agreed to buy FleetBoston Financial for $47 billion in stock.
What was Boston originally called by indigenous peoples?
Boston, the largest city in New England, is located on a hilly peninsula in Massachusetts Bay. The region had been inhabited since at least 2400 B.C. by the Massachusetts tribe of Native Americans, who called the peninsula Shawmut.
Was Boston originally an island?
Anyone who has visited modern day Boston, Massachusetts might be a little confused to hear it was once a small hilly peninsula less than 800 acres wide. Shawmut was a peninsula of 789 acres connected to the mainland by a narrow bridge of land, making it practically an island.
Who bought BankBoston?
Fleet Financial Group
Bank of Boston Corporation, former American bank holding company that was acquired by Fleet Financial Group in 1999. The bank, one of the oldest in the United States, was originally chartered in 1784 as the Massachusetts Bank.
Who is the parent company of Shawmut Bank?
Shawmut Bank was established in Boston in 1836 and its logo, the stylized bust of Sachem Obbatinewat, became widely recognizable in Greater Boston over the next century and a half. In 1988 the bank’s parent, Shawmut Corporation, merged with Hartford National Corporation, owner of Connecticut National Bank and…
Where does the name Shawmut come from in Maine?
Examples of the placename. Shawmut Line was the popular name for the service operated by the Pittsburg, Shawmut and Northern Railroad and its successor, the Pittsburg and Shawmut Railroad. The name may originate in financial backing from the Shawmut Bank in Boston. Shawmut, Maine is a village located in the town of Fairfield, Maine.
How did the Shawmut Dam get its name?
It was so named because the Shawmut Manufacturing Company, which ran a de-barking operation was chiefly financed by the Shawmut Bank of Boston, Massachusetts. Shawmut Dam on the Kennebec River on Maine was built by the Shawmut Manufacturing Company in 1914.
Who are the members of the Shawmut Group?
Shawmut Group is a public affairs and campaign consulting firm based in Boston. It is managed by Eric Fehrnstrom, Beth Myers, and Peter Flaherty. University Press, 1886.