Shawmut, according to 19th-century scholarship, is a term derived from the Algonquian word Mashauwomuk referring to the region of present-day Boston, Massachusetts. It appears in a number of present-day placenames. Origin of the word It appears in print very early in the history of New England; records from 1630 note that William Blaxton was "dwelling on the other side of Charles River, alone, at a place by the Indians called Shawmutt". The meaning of Shawmut is uncertain. Most explanations refer to either the salt water surrounding the peninsula, from which come explanations like "canoe landing place" or "place to ferry across", or to the springs of fresh water found within, a major inducement for the settlement of the Massachusetts Bay Colony at that site. Examples of the placename This word appears in several place-names, not all of which can be traced with certainty to the Mashauwomuk place name. Shawmut Peninsula is the promontory on which Boston is built. Due to land reclamation efforts throughout the 19th century, the peninsula is now over twice its original size. Shawmut MBTA station is a subway station on the MBTA Red Line in Dorchester, Massachusetts, that opened in 1928. Shawmut Street in Bay Village, Boston. Shawmut Avenue in South End, Boston, site of the Goldsmith Block. Shawmut Bank was established in Boston in 1836 and its logo, the stylized bust of Sachem Obbatinewat, became widely recognizable in Greater Boston over the next century and a half. In 1988 the bank's parent, Shawmut Corporation, merged with Hartford National Corporation, owner of Connecticut National Bank and the Provident Institution for Savings, to form Shawmut National Corporation. The name and logo were retired in 1995 as a result of the merger of Shawmut National Corporation and Fleet Financial Group. Shawmut Capital Partners, an independent, stand-alone venture capital firm formed in 1998 by a former Chairman of Fleet Financial Group, now holds the rights to the Shawmut name and the logo of Chief Obbatinewat. Shawmut Line was the popular name for the service operated by the Pittsburg, Shawmut and Northern Railroad and its successor, the Pittsburg and Shawmut Railroad. The name may originate in financial backing from the Shawmut Bank in Boston. Shawmut, Maine is a village located in the town of Fairfield, Maine. It was so named because the Shawmut Manufacturing Company, which ran a de-barking operation was chiefly financed by the Shawmut Bank of Boston, Massachusetts.