Indianapolis Banks and the Indiana National Bank Legacy
Indianapolis banks trace origins to 16 with the Bank of the State of Indiana successor. George Tousey was first president and David E. Snyder first cashier. The Indiana National Bank held large reserves and high standards, with capital raised to 1 million and deposits near 3.09 million. Volney Trott's influence shaped Indiana banking, and the Indiana National Bank carried the state’s largest individual deposits. Officers included Volney T. Malott as president, Edward McKee as vice president, and William F. Churchman as cashier.
MENTIONED IN THIS ARTICLE
Bank of the State of
Indiana
George Tousey
David E. Snyder
Bank of
State of Indiana
Indiana National Bank
Indianapolis
Aereseres
Indianaponks
Hener
Malott
Pep Eenie
Volney Trott
Roger
Eakee Voiney T. Malott
Edward McKee
B. B. Porter
Capital National Bank of Sullivan History and Leadership
The Capital National began in 1889 under organizer president M. B. Wilson, who previously banked in Sullivan Indiana. He continues as president and remains active in city affairs while guiding the bank’s growth. Since its founding the bank has welcomed three other national officers adding to its leadership.
MENTIONED IN THIS ARTICLE
M. B. Wilson
Sullivan
Ind
Banks Open Doors In Indian Apes City Growth Accelerates
Banks have opened their doors in Indian apes with a large increase in resources of older banks and rapid city growth. The bank aimed to secure the comptroller of currency’s action to make Indianapolis a reserve city and quickly moved funds to national banks totaling between eight thousand and sixteen million dollars. Mr Wilson, bank president, devoted his life to banking. Packard, vice president, has served as national bank examiner for Indiana.
MENTIONED IN THIS ARTICLE
Indianapes
Comptroller of Currency
Indianapolis
Wilson
Packard
Indiana
Union National Bank Captures Prime Ground Floor Space
Union National Bank lists assets of 150000 undivided profits 12000 and resources 4764118 14. The bank occupies the ground floor of the Commercial Clap building in the heart of the ones district and aims to draw share of business.
MENTIONED IN THIS ARTICLE
Capital National
Union National Bank Opens With Strong Early Showing
The Union National Bank, youngest national bank in the city, opened Dec 15 with 200000 capital and deposits exceeding 500000. June 9, 146 statement shows loans 5170.17, bonds 161.7, deposits 141963.37, cash 102356.97, total resources 759328.97. Maj. William J. Richards president and Robert E. Morrison vice president and cashier, both directors, with a notable roster including Charles E. Coffin John R. Welch George Wolf Benjamin Starr and others.
MENTIONED IN THIS ARTICLE
Comptroller of Currency
United States
Union National
William J. Richards
Indianapolis
Robert E. Morrison
Morrison
Major Richards
Mr. Morrison
Charles E. Coffin
Central Trust Company
John R. Welch
George Wolf
Benjamin Starr
Richmond
Ind
John D. Collett
Charles H. Smith
Hollweg, Hibbin & Co
William C. van Arsdel
Indiana
New York Life Insurance Company
C N Williams & Co Mortgage Bankers of Indiana
C N Williams & Co are noted private bankers in Indiana with over twenty years of experience in mortgage loans real estate and insurance. They have a savings department pay interest on deposits and claim no losses to lenders or foreclosures. Located at 10 East Market Street Crawfordsville and later moved to this city with Aetna Indemnity Agency as state agents. Officers are C N Williams president and G M Brewer cashier.
MENTIONED IN THIS ARTICLE
Messrs. C. N. Williams & Co
Indiana
Crawfordsville
Ind
Aetna Indemnity Company
Hartford
East Market Street
C. N. Williams
G. M. Brewer
Early Indiana Bank History and Indianapolis Wealth Boom
Historical sketch recounts 19th century money shortages and barter, the first Bank of Indiana chartered 184 with limited capital and branches, stock subscriptions by leading merchants, and the transition to the Bank of the State of Indiana. It notes key figures like Hugh McCulloch and Francis M. Churchman, plus the growth of seven national banks and six trust companies in Indianapolis, with total assets around 54 million and deposits over 8 million in modern terms.
MENTIONED IN THIS ARTICLE
State Bank of
Indiana
Volney T. Malott
Indiana National Bank
Indianapolis
Bank of the State of Indiana
Fletcher National
Indiana National
Fletcher National Bank leads Indiana banks since 1839
The Fletcher National Bank, Indiana's oldest under one name in the same location, was established in 1839 by Stoughton A. Fletcher. It has a $500,000 capital and $500,000 surplus, with total resources over $10 million. Stoughton J. Fletcher Jr. serves as vice president, and Charles Latham as cashier.
MENTIONED IN THIS ARTICLE
Indiana
Stoughton A. Fletcher
Stoughton J. Fletcher
Fletcher
Stoughton A. Fletcher, Jr
Fits
Indianapolis
State Bank
Illinois Street
Kentucky Avenue
Farmers’ and Mechanics’ Bank
West
Washington Street
Central Bank
Fletcher's Bank
Bank of the Capital
North
Meridian Street
Harrison's Exchange Bank
East
Metropolitan Bank
Fletcher National
Fletcher Bank
National Bank
A. Fletcher, Jr
Charles Latham
Bank of
The Columbia National Bank Opens Its Doors
The Columbia National Bank, the next youngest national bank, opened June 3 1901 and moved to its purpose built quarters in January 190? The June 9 1903 statement shows surplus growth and total resources of 2 241 511. Officers include Mortimer Levering president A A Barnes vice president W F C Golt cashier and W K Sproule assistant cashier. Directors include A A Barnes W H Coleman A C Daily Mortimer Levering Louis H Levey H W Miller L P Newby A F Ramsey Ernest H Tripp Raymond P Van Camp and C N Williams.
MENTIONED IN THIS ARTICLE
National Banks
Indiana
Mortimer Levering
A. A. Barnes
W. F.C. Golt
W. K. Sproule
Udell Works
W. H. Coleman
A. C. Daily
President Security Trust Company
Louis H. Levey
Levey Brothers & Co
H. W. Miller
Marion County
Ll. P. Newby
Citizens’ State Bank
Knightstown
A. F. Ramsey
Citizens’ National Bank
Crawfordsville
Ernest H. Tripp
Union Storage and Transfer Company
Raymond P. van Camp
van Camp Hardware and Iron Cones
C. N. Williams
C. N. Williams & Co
Thomas C Day & Co Oldest Investment Bank in City
The firms history traces to founder Thomas C Day who arrived from Chicago in 1877 and built a lasting finance house. William Griffith joined in 1881 and remained until his 1892 death, followed by George W Wishard who became a partner and later resided in St Paul, Minnesota, with the firm continuing in Minnesota banking.
MENTIONED IN THIS ARTICLE
Thomas C. Day & Co
Growth and Prosperity for Business in the City
The city’s financial resources reveal ample prospects for ventures. A small county town offers little for new investment while the growing city, rich with factories, requires extensive backing. The Journal highlights the strong class of bankers banks and trust companies serving the area.
MENTIONED IN THIS ARTICLE
Journal
Day firm leads Indiana mortgage and insurance services
The firm focuses on mortgage loans with farm loans comprising about three quarters of business and cites Mr Day as a pioneer in farming loans in Indiana since 1872 in Chicago. They offer loan extensions during crises and run a major operation from an eighth floor suite in the Law building. They also handle fire and liability insurance as general agents for Aetna Life in Hartford, growing statewide.
MENTIONED IN THIS ARTICLE
Day
Indiana
Chicago
Law Building
Aetna Life Insurance Company
Hartford
Conn
Ely
Haviste
American National Bank A Record-Setting Start in Indianapolis
The American National Bank opened with 250000 capital on Feb 4 1901 and rapidly grew deposits to 366371.38 on day two and 2412413.22 by year end. Within two years deposits topped 5 million, with a later figure near 122,20216.39. Directors and officers include John Perrin president H A Schlotzhauer cashier Theo Stempfel assistant cashier Andrew Smith assistant cashier, all backed by experienced local businessmen and a broad network of correspondents.
MENTIONED IN THIS ARTICLE
LWI
Indiana
John Perrin
Lafayette
Indianapolis
H. A. Schlotzhauer
Indiana National
Theo Stempfel
Germany
Indiana Trust Company
American National
Andrew Smith
Merchants' National Bank Leaders Rise From Messenger Roles
The Merchants' National Bank organized in 1865 with Volney T. Malott and Henry Schnull guiding early actions. Malott served as cashier then president, later passing to Frenzel family members who reshaped leadership. The bank grew capital to 1,000,000 by 1894 after absorbing Meridian National, boasting a large surplus and dividend history. Frenzel family influence, Atomic growth, and public service ties marked the institution’s development in Indianapolis.
MENTIONED IN THIS ARTICLE
Volney T. Malott
Henry Schnull
Malott
John P. Frenzel
Frenzel
Merchants
Meridian National
National Bank
Mesers
Frenzel Brothers
John P. Frente
Indianapolis
Indiana Trust Company
Ir Indiggg
IndianapolIs Trust Companies Lead Indiana Finance Era
The Indiana Trust Company, the state’s oldest and largest, began in May 1893 led by John P. Frenzel who helped push its formation. By June 30 1930 its resources reached 5 586 072 13 with 2 391 100 39 loans 1 166 898 96 bonds and stocks and 1 586 795 73 cash. Capital stock stood at 1 000 000 with surplus 208 406 90. Officers include John A. Butler Frank Martin Charles A. Holloway Augustus Jennings and Thomas B. Fulmer. Directors include L T Durbin Cortland Van Camp and William J. Richards.
MENTIONED IN THIS ARTICLE
Indiana Trust
Frenzel
John A. Butler
Frank Martin
Charles A. Adam
H. B. Halloway
Indianapolis
Charlies E. Cofefin
Ovid B. Jameson
Charles E. Holloway
Augustus Jennings
Thomas B. Fulmer
L. T. Durbin
M. Wilson
Capital Na Bank
Cortland van Camp
The
van Camp Hardware Company
William J. Richards
Union National Bank
Security Trust Company Opens Safe Deposit Department
The Security Trust Company, now in its second year, becomes the first trust firm north of Washington Street to open a safe deposit department after purchasing a five story building at 142 48 East Market Street with a vault costing 30000. It notes many women depositors with steel safes and over sixty Indiana stockholders among its bankers. Assets exceed one million dollars. Officers include Americus C Daily president and Gavin L Payne secretary with ties to Capital National Bank.
MENTIONED IN THIS ARTICLE
the Security Trust Company
Washington Street
East Market Street
Security Trust
Indianapolis
Indiana
Americus C. Daily
William F. Churchman
Capital National Bank
George J. Marott
The Central Trust Company Starts With High Dividends
The Central Trust Company began business January 1, 1900 after taking over C. E. Coffin & Co. It paid 5 percent dividends in its first year and has continued them. It placed $75,000 of J. T. Polk Company preferred stock, $175,000 of T. B. Laycock Manufacturing preferred stock, and $1,000,000 of first mortgage bonds of the Indianapolis & Eastern Railway. It has handled large estates in its trust department, including that of the late D. P. Erwin worth about $1,000,008. The semi annual statement of June 2.
MENTIONED IN THIS ARTICLE
C. E. Coffin & Co
J. T. Polk Company
T. B. Laycock Manufacturing Company
Indianapolis & Eastern Railway Company
D. P. Erwin
Commercial Trust Co joins Indianapolis financial scene
The Commercial Trust Company began business February 1 in Indianapolis and has run a strong savings deposits drive. A March 3, 1900s statement shows total assets of 134,292.26 with cash and due from banks and mortgage assets. J. C. Pierce Jr. is now vice president and Joe Martens treasurer and secretary at offices at No 4 East Market street.
MENTIONED IN THIS ARTICLE
the Commercial Trust Company
Indianapolis
Duca Ay
J. C. Pierce, Jr
Joe Martens
East Market Street
The Marion Trust Company Founding and Early Leadership
The Marion Trust Company organized in December 1895 began business January 24, 1896. Frank Maus Fauvre served as president for one year, then M O Connor held the post for two years. Joseph T. Elliott, elected January 15, 1896, is now completing his fifth year as president. Preston Kelsey was elected second vice president and P C Trusier chosen treasurer. The business has greatly prospered in the last five years.
MENTIONED IN THIS ARTICLE
Frank Maus Fauvre
M. O'Connor
Joseph T. Elliott
Eliott
Preston
Kelsey
P. C. Trusier
Notable Features of Corny Ce Hargi Practice Described
The text outlines distinguishing methods in the corny ce hargi divided coe practice with June figures around $92,000. It notes premiums on bonds, bills receivable, furniture and fixtures, and a loan total near $1,230,000. Government, county and municipal bond holdings stood at $250,000, with total assets just over $2,000,000. The company has gained success by aligning with trusted lines of trust business and being a depository for...
MENTIONED IN THIS ARTICLE
Coe
Cing UN
Cloke
Also Mentioned on This Page
Indiana National Bank Building
Francis M. Churchman
Churchman
Robert M. Churchman
the Capital National
Marion Trust Company
Commercial Trust Company
C. M. Williams & CO
State Bank OF Indiana
First Bank
Arthur St. Clair
Alexander W. Russel
Hervey Bates
P. Drake
James Givan
John Givan
James L. Givan
William B. Slaughter
Caleb Scudder
M. M. Morris
Samuel Merrill
Nicholas McCarty
Hervey
Commonwealth
Hugh McCulloch
Fort Wayne
Ereretary
United States Treasury
McCulloch
Salmon P. Chase
Treasury
Lincoln
Melott
Merchants’ National Bank
T. Malott
Indianapols
Merchants’ National
Marion
Central
Fletcher National Bank
Columbia National
American National Bank
Indiana Trust Building
Indianapolis Trust Companies
Merchants National Bank
Security Trust Company
the Central Trust Company
the Commercial Trust CO
Security Trust Building
Columbia National Bank
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