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Historic People's Savings Bank - Marengo, Iowa

It is now a Law Office. The Peoples Savings Bank was organized July 15, 1905, with a capital stock of $25,000, and the following as the first officers: Arthur M. Vette, president; J. V. Murphy, vice president; Ervin Evans, cashier. The first directors were: A. M. Vette, Thomas P. McGiverin, C. L. Shipton, D. Callahan, N. N. Brimmer, T. B. Murphy, Paul Herman, Naboor Olson and G. N. Wiese. The deposits in January, 1906, amounted to a little over seventy three thousand dollars, and in the intervening years have steadily increased until in 1915 there is the sum of $565,000 on deposit. The officers are: Arthur M. Vette, president; Thomas P. McGiverin, vice president; W. R. MacGregor, cashier; Ole H. Olson, assistant cashier; A. M. Vette, R. T. Conn, Thomas P. McGiverin, D. Callahan, A. Brimmer, J. D. Misbach, William H. Langlas, D. Sullivan and Halvor Olson, directors. http://history.rays-place.com/ia/ia-marengo.htm

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  • Uploaded on April 1, 2013
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    by King Hawkfan