The building standing before you was built in 1925 and sold to Bubier-Riley Insurance Company in 1965, after the bank was taken over by Middlesex in a grand merger. Like the Coolidge School and Middlesex Bank, its architecture has many Classical Revival elements. Today, its façade still bears an historical inscription of its former name, the Maynard Trust Company.
The Maynard Trust Company was founded as a bank, but described itself as “a citizens’ movement.” Like many American trusts, the bank eventually came under suspicion during the “Trust-Busting” era of the 1900s. At this time, American presidents such as Theodore Roosevelt called for greater regulation of big business, leading lawmakers to bar combinations of businesses (i.e. trusts) that might create unfair monopolies. While the Maynard Trust Company was never “busted,” the state Supreme Court’s ruling against the company only upheld Americans’ wary opinions of such large businesses. In 1922, the Massachusetts Supreme Court heard a case between the Maynard Trust Company and defendant William H. Furbush. Furbush was deemed innocent after the Trust demanded that he pay the money promised in a note he’d written on behalf of the trust as the Trust Company’s treasurer.