About United Bank
130 years after its founding in Wayland, United Bank’s strong history continues to inspire success.
Still closely held, United Bank now has assets over $700 million and is a leading small business lender. United Bank also remains deeply committed to the thousands of households and many communities we serve-including the one where we started out.
We have come a long way from our beginnings as a small-town bank, but remembering where we’ve been helps us to take you where you want to go.
The Wayland Exchange Bank, the first bank in Wayland, was opened in 1887 by Ensign W. Pickett. It was a private bank, located in the Pickett Brothers’ General Store, and was a success from the very beginning.
In 1903, Pickett thought it was best to incorporate under state law. The bank’s stock was quickly subscribed, and on January 1, 1904, it opened for business as The Wayland State Bank, with capital of just $20,000… Continue reading about United Bank here.
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