Joshua Green Foundation Endowed Scholarship
This endowment, which supports students in the Medical Scientist Training Program at the UW School of Medicine, was established in 1990 by the Joshua Green Foundation. Graduates of this program complete the requirements for both an M.D. and Ph.D. degree and are equipped to bridge the clinical and basic sciences.
John Green had three sons, Thomas, George, and Joshua. The three set out from their Maryland family home in 1824, bound for Texas. Along the way, Joshua and Thomas found opportunity in Jackson, Miss., where they opened a drugstore. Joshua’s son, William Green, married Bentonia Harrison. Their son, Joshua, named after his grandfather, was born in 1869 in the former mansion of the governor of Mississippi.
William Green’s family moved to Seattle in 1886, when Joshua was 17 years old. Joshua found jobs as a chainman on a surveying crew and as a purser on a sternwheeler steamer known as the Henry Bailey, one of the historic “mosquito fleet” vessels that connected Seattle to settlements along the Canadian border. Anxious to own a business, Green persuaded three fellow officers of the Henry Bailey to become partners in a 100-foot sternwheeler steamer called the Fanny Lake. The partners expanded their fleet and created a side business of selling and delivering wholesale goods to customers in outlying towns. The firm was eventually named La Conner Trading and Transportation Co., with Joshua Green as president.
In 1913, Green founded the Puget Sound Navigation Co., a cross-Sound ferry service. However, with the construction of paved highways, many passengers abandoned steamers for their own automobiles, and the new interurban Puget Sound Electric Railway moved people faster than Green’s ships. He sold most of his shares in the company in 1926.
Joshua Green developed a new interest that would prove fortuitous: banking. In 1925, he purchased Peoples Saving Bank, which had fallen on hard times, for $200,000. He changed the name to Peoples Bank and Trust two years later. Because branch banking was not allowed at the time, the firm added First Avenue Bank as a wholly owned but independent subsidiary in 1929, followed in subsequent years by the acquisition of banks in Renton and North Seattle. The bank prospered. By 1949, when Green’s son, Joshua, Jr., was named president of the bank, it had deposits of $128 million and was serving 103,000 customers. By 1969, the year the elder Joshua Green turned 100, deposits surged to $400 million. (In 1988, U.S. Bancorp of Portland acquired Peoples Bank and Trust and renamed it U.S. Bank of Washington.)
Joshua Green died at the age of 105 in 1975.