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Banks and Credit Unions Banks DICKINSON COUNTY HISTORY – CITY OF IRON MOUNTAIN – BANKS AND CREDIT UNIONS [Compiled and Transcribed by William J. Cummings] BANKS New officers and directors of the Commercial Bank of Iron Mountain: President – Otto C. Davidson. Iron Mountain Press, Iron Mountain, Vice-President – William Kelly. Dickinson County, Michigan, Volume 14, Cashier – Oliver Evans. Number 34 [Thursday, January 13, Assistant – Wilbur W. Thompson. 1910], page 1, column 4 Directors – Anson F. Wright, Herbert M. Pelham, William Kelly, Patrick Flanagan, BANKS OF THE COUNTY Otto C. Davidson, Michael Corey, Oliver _____ Evans, John Marsch, Henry G. Neuens. The old officers of the First National Stockholders Hold Annual Bank of Norway re-elected as follows: Meetings and Elect Directors. President – Frank A. Janson. Vice-President – William Bond. The stockholders of the three Dickinson Cashier – Dan A. Stewart. county banking institutions held their annual Assistant – Victor S.Nystrom. meetings last Tuesday afternoon and the Directors – Frank A. Janson, James reports submitted were very satisfactory. O’Callaghan, Edward P. Swift, Gustav A. John F. Hancock, of Marinette, who has Blesch, Gustav A. Hellberg, William Bond, been vice-president and a director of the Dan A. Stewart. Commercial Bank since the institution was organized, has resigned due to the desire Iron Mountain Press, Iron Mountain, to retire from business. Mr. Hancock is Dickinson County, Michigan, Volume 15, succeded [sic – succeeded] as vice- Number 34 [Thursday, January 12, president by Hon. William Kelly, and as 1911], page 1, column 6 director by Henry G. Neuens, the pioneer Brown street merchant. BANKS OF THE COUNTY. At the First National Bank, Hon. J.A. _____ Kimberly, the millionaire Wisconsin paper- maker, resigned as vice-president and director for the same reasons advanced by Annual Meetings Held on Tuesday Mr. Hancock, and is succeeded by his son, and the Old Officials Re-Elected. J.C. Kimberly, a splendid young business man [sic – businessman]. The annual meetings of the At Norway, the old directors and officers stockholders of the three Dickinson county were re-elected. banking institutions were held last Tuesday The officers of the First National Bank of afternoon. Reports submitted prove that Iron Mountain as follows: the institutions were never in a more President – Elwin F. Brown. prosperous condition than now, deposits Vice-President – J.C. Kimberly. being considerably larger than a year ago. Cashier – Richard S. Powell. The officers of the First National Bank of Assistant – Fred J. Oliver. Iron Mountain are as follows: Directors – James C. Kimberly, William President – Elwin F. Brown. H. Scandling, James H. Cundy, Sr., Andrew Vice-President – J.C. Kimberly. Bjorkman, William J. Cudlip, Elwin F. Cashier – Richard S. Powell. Brown, Richard S.S. [sic] Powell. Assistant – Fred J. Oliver. 1 DICKINSON COUNTY HISTORY – CITY OF IRON MOUNTAIN – BANKS AND CREDIT UNIONS [Compiled and Transcribed by William J. Cummings] Directors – James C. Kimberly, William the banking laws of the state and has H. Scandling, James H. Cundy, Sr., Andrew already been granted a charter. Bjorkman, William J. Cudlip, Elwin F. The capitalization of the bank is Brown, Richard S. Powell. $100,000 divided into 1,000 shares at a par New officers and directors of the value of $100 each. The stock is selling at Commercial Bank of Iron Mountain: $120 a share. President – Otto C. Davidson. The incorporators are A.A. Conrad, Vice-President – William Kelly. John J. Flanagan, A.H. Hooper, Z.P. Cashier – Oliver Evans. Rousselle, Edward A. Best and James R. Assistant – Wilbur W. Thompson. Spencer. Mr. Conrad is a resident of Directors – Anson F. Wright, Herbert M. Wausaukee, where he holds the position of Pelham, William Kelly, Patrick Flanagan, cashier of the local bank. The other Otto C. Davidson, Michael Corey, Oliver incorporators are well-known local business Evans, John Marsch, Henry G. Neuens. men [sic – businessmen]. The old officers of the First National Bank of Norway re-elected as follows: Iron Mountain Press, Iron Mountain, President – Frank A. Janson. Dickinson County, Michigan, Volume 25, Vice-President – William Bond. Number 22 [Thursday, October 14, Cashier – Dan A. Stewart. 1920], page 1, column 4 Assistant – Victor S.Nystrom. Directors – Frank A. Janson, James BUY SCANDLING PROPERTY. O’Callaghan, Edward P. Swift, Gustav A. _____ Blesch, Gustav A. Hellberg, William Bond, Dan A. Stewart. New American Security Bank Has Arranged for Permanent Home. AMERICAN SECURITY STATE BANK The organization of the American South Stephenson Avenue Security bank of Iron Mountain has been completed and the management expects to Iron Mountain Press, Iron Mountain, open the doors for business about the first Dickinson County, Michigan, Volume 25, of February. Number 16 [Thursday, September 2, The bank is organized under the laws of 1920], page 1, column 6 the state and will have a capital of $50,000 with a comfortable surplus. Albert H. NEW BANK FOR CITY. Hooper has been elected president of the _____ bank, William H. Scandling is the vice- president, and A.A. Conrad the cashier. American Security State Bank Has Mr. Hooper has been a resident of Iron Been Granted a Charter. Mountain for about twenty-five years and has held the position of agent for the Chicago & North-Western road Iron Mountain is to have a third bank. continuously. Mr. Scandling is one of the The new bank will be known as the city’s pioneer merchants and has been a American Security State Bank. It has, as director of the First National Bank ever the name indicates, been organized under since the organization. It is his intention to 2 DICKINSON COUNTY HISTORY – CITY OF IRON MOUNTAIN – BANKS AND CREDIT UNIONS [Compiled and Transcribed by William J. Cummings] retire from the mercantile business, we feet and a total depth of one hundred and understand. Mr. Conrad, the cashier, will twenty feet. A contract has been let to a come to the city from Wausaukee, where Minneapolis concern to remodel the two he now holds the position of cashier of the buildings and to build the fixtures for the Wausaukee State Bank, a very successful bank. The contract includes a large fire- institution, and where he is held in high proof and burglar-proof vault. esteem. The new bank has closed a deal for the Iron Mountain Press, Iron Mountain, W.H. Scandling property on Stephenson Dickinson County, Michigan, Volume 25, avenue and will greatly improve the same. Number 25 [Thursday, November 4, The property has a frontage of fifty feet on 1920], page 1, columns 5-6 the avenue and extends to the alley. It is splendidly located for banking purposes. COMPLETE AN The bank will occupy the building in which Mr. Scandling is doing business until the ORGANIZATION larger building has been entirely remodeled _____ for banking purposes. It is expected that this work will start at once. A new front of Stockholders of American Security brick and stone will be erected with a large Bank Hold a Meeting. vault in the rear. When this building is ready for occupancy the south building will The first meeting of stockholders of the be remodeled for commercial purposes. American Security Bank of Iron Mountain The fronts will commercial purposes. [sic] was held in the parlors of the Milliman Hotel The fronts will [be] uniform in design, or last Saturday afternoon, at which meeting nearly so. The second floor will be fitted up the following named persons were elected for offices with an entrance on Stephenson directors: A.H. Hooper, Wm. H. Scandling, avenue between the bank and the store. A.A. Conrad, E.E. Bussing, R.H. James, Mr. Conrad states that the permanent John Elmer and James R. Spencer. After fixtures for the bank will be second to none adjournment, a meeting of the board of in the upper peninsula. directors was held and the following officers elected: A.H. Hooper, president, Wm. H. Iron Mountain Press, Iron Mountain, Scandling, vice-president, and A.A. Conrad, Dickinson County, Michigan, Volume 25, cashier. After transacting such business as Number 23 [Thursday, October 21, was necessary, the board discussed at 1920], page 1, column 3 length, the plants, estimates and specifications presented for the new The New Bank. banking quarters. The building to be erected by the bank The American Security Bank, which will be a magnificent façade in the doric [sic opens its doors for business early in the – Doric] style of architecture made entirely new year, will have a capital of $100,000, of white Bedford stone with considerable not $50,000, as stated in a recent issue of hand carved ornamentation. It will be a full The Press. The property recently two stories in height with a high stone purchased from William H. Scandling has a pediment surmounted by a flag staff, giving frontage on Stephenson avenue of sixty the structure an appearance of a three story 3 DICKINSON COUNTY HISTORY – CITY OF IRON MOUNTAIN – BANKS AND CREDIT UNIONS [Compiled and Transcribed by William J. Cummings] structure. The entrance doors will be heavy The vault is a special type known as “a bronze copper covered that enter into a burglar proof, fire proof, shock proof vault.” marble wainscoted vestibule. Since it cannot be burglarized, even when The entire face of the bank fixtures and the secret of its construction is known, a the wall wainscoting in the main bank lobby special description of this most-modern will be of marble with a tile floor. This floor type of vault building will be published at tile is of the hard Tennessee variety such time of construction and the public will be as is used in the leading hotels and banks invited to inspect the process. Since the of the large cities.
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