James Savage (1784–1873) was an American banker and author. He was one of the founding fathers of Provident Institution for Savings in the Town of Boston established in 1816 as the first chartered savings bank in the United States. James was also well known for his research as an antiquary and as author of A Genealogical Dictionary of the First Settlers of New England. He was instrumental in helping his son-in-law, William Barton Rogers, establish MIT and helping his cousin, Frederic Tudor, establish the ice trade in the West Indies, among many other ventures.
James, James Jr., Emma & Rogers 1860
Provident Institution for Savings in the Town of Boston
The Provident Institution for Savings (est.1816) in Boston, Massachusetts, was the first chartered savings bank in the United States. James Savage and others founded the bank on the belief that "savings banks would enable the less fortunate classes of society to better themselves in a manner which would avoid the dangers of moral corruption traditionally associated with outright charitable institutions."
Provident Savings building (built 1833), adjacent to King's Chapel Burying Ground, Tremont Street, Boston, 1833-1856