Located at the eastern edge of Downtown Providence, the Rhode Island Hospital Trust Building is significant as one of the city’s finest examples of the Beaux Arts style of architecture and as the headquarters of what was once the largest banking institution in the state of Rhode Island. The Rhode Island Hospital Trust incorporated in 1867 as the first trust company in New England. It owes its unique name to the fact that it was chartered by the board of trustees of Rhode Island Hospital, founded four years earlier, with the trust company established to help finance operations of the hospital. The original, purpose-built bank was constructed in 1891, and quickly outgrown as the institution grew exponentially into the early 20th century. In 1916, the trust hired the New York architectural firm of York & Sawyer to furnish plans for the present structure. Construction began in 1917, and after delays caused by WWI, the building finally opened in 1919. The 11-story U-shaped building was designed in an exaggerated form of Renaissance palazzo, with steel-framed construction that is faced with marble on the two lower levels and limestone elsewhere. After a series of mergers throughout the 20th century, the building was owned by FleetBoston, who donated this pristine building to the Rhode Island School of Design (RISD), which was renovated into a dormitory by RISD-alumni and architect Nader Tehrani of NADAAA Architects. It is today known as the Mandle Building.