 The Bank of the United States was established by Alexander Hamilton to provide stable banking services on a national scale , and sought to open a branch in Boston . Hamilton recruited heavily in the Bank of Massachusetts , and <unk> decided to make the move . He sold his shares in the Massachusetts bank , and became a director of the Boston branch of the U.S. Bank . He also purchased 200 shares in the new bank , a relatively large investment . <unk> was influential in making hiring decisions for the branch , and sought to merge state @-@ chartered banks into the organization , arguing that only a nationally chartered bank could provide consistent and stable service . <unk> resigned from the board in 1794 , citing the demands of his law practice . 
