The MBA was founded in 1905 “To promote the general welfare and usefulness of banks and banking institutions; to secure uniformity of action, together with the practical benefit derived from personal acquaintance and from the discussion of subjects of importance to the banking, commercial and industrial interests of the State of Massachusetts, and especially in order to secure the proper consideration of questions regarding the financial and commercial usages, customs and laws which affect the banking interests of the State of Massachusetts, and for the protection against loss by crime.”
