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The Ann Arbor Savings Bank

The Ann Arbor Savings Bank image
Parent Issue
Day
3
Month
April
Year
1903
Copyright
Public Domain
OCR Text

THE ANN ARBOR SAVINGS BANK

ORGANIZED MAY 1869

ANN ARBOR, MICHIGAN

 

Capital ..... $50,000.00

Additional Stockholders' Liability ..... 50,000.00

Surplus and Undivided Profits ..... 175,000.00

Resources ..... 2,000,000.00

 

The New York Financier in its published "Roll of Honor" of the State Banks of the United States places the old and reliable ANN ARBOR SAVINGS BANK in its list in order as follows: 

 

1st in the City of Ann Arbor

1st in the County of Washtenaw

1st in the State of Michigan

18th in the United States

 

This high and honorable financial position has only been attained under the most conservative management and paintaking fidelity of its Officers and Board of Directors, who are all men of many years of successful experience and training in financial affairs. The following table shows the steady, reliable and tremendous growth of this solid, prosperous, and popular depository for the safe keeping of private, public and trust funds. 

 

January ..... Year ..... DEPOSITS ..... RESOURCES

" 1890 ..... $529,000.00 ..... $690,000.00

" 1891 ..... 619,000.00 ..... 791,000.00

" 1892 ..... 742,000.00 ..... 929,000.00

" 1893 ..... 832,000.00 ..... 1,031,000.00

" 1894 ..... 830,000.00 ..... 1,031,000.00

" 1895 ..... 925,000.00 ..... 1,130,000.00

" 1896 ..... 949,000.00 ..... 1,152,000.00

" 1897 ..... 1,042,000.00 ..... 1,244,000.00

" 1898 ..... 1,179,000.00 ..... 1,383,000.00

" 1899 ..... 1,240,000.00 ..... 1,445,000.00

" 1900 ..... 1,398,000.00 ..... 1,600,000.00

" 1901 ..... 1,425,000.00 ..... 1,628,000.00

" 1902 ..... 1,522,000.00 ..... 1,736,000.00

" 1903 ..... 1,752,000.00 ..... 1,972,000.00

 

February, 1903 ..... 1,780,000.00 ..... 2,010,000.00

 

Three per cent interest paid on Savings Deposits, compounded semi-annually, January 1st and July 1st. Drafts and Letters of Credit issued directly by us [in] all parts of the world. 

 

A General Banking Business Transacted

Safety deposit boxes of the most modern construction. Absolutely burglar and fire proof.

 

$3.00 to $10.00 per year

A $3.00 box will hold a fortune and you hold the key. 

 

We respectfully solicit your banking business, assuring you the same conservative management and fidelity to you interests in the future as in the past. We take this occasion to extend our thanks to the public whose patronage and confidence as made the above splendid showing possible. 

 

Board of Directors

 

Chas. E. Hiscock,

Wm. D. Harriman,

William Deubel,

Chas. H. Worden,

David Rinsey,

Walter C. Mack, 

Michael J. Fritz. 

 

Officers

 

CHAS E. HISCOCK — President, Term of Service 33 Years. 

WM. D. HARRIMAN — Vice-President, Term of Service 30 Years. 

MICHAEL J. FRITZ — Cashier, Term of Service 20 Years.