Indianapolis Becomes Five-Million-Dollar Bank Center
Indianapolis banks are hailed as a growing financial hub with three five-million-dollar institutions Seventy fourth Fletcher National Indiana National and Merchants National. Leaders M B Wilson Mortimer Levering and John Perrin discuss low interest rates state growth and need for a city clearing house to unite banks and protect credit potential.
MENTIONED IN THIS ARTICLE
Stoughton J. Fletcher
Fletcher National Bank
Indianapolis
United States
Indiana National Bank
Merchants’ National Bank
Indiana
M. B. Wilson
Wilson
Union
Businss
Trust Companies A New and Important Factor in Local Affairs
A detailed profile of Indianapolis trust firms including Indiana Trust Company Marion Trust Company Central Trust Company and Central Trust Company and Security Trust Company. Highlights assets capitals officers and expansion plans with emphasis on real estate insurance savings and trust departments and the role of trust companies in public welfare.
Banks of the City: Six National Banks Rise in Indianapolis
A historical piece notes Capital National Bank's 1889 founding, its near collapse in 1893, and rebound to $2.5 million in deposits plus a $100,000 surplus. It also recounts Fletcher National Bank's lineage, Indiana National Bank's wartime resilience, and the robust growth of Indianapolis financial institutions through eras of panics and rebuilding.
MENTIONED IN THIS ARTICLE
Mortimer Levering
Indianapolis
Lafayette
Indiana
America
United States
Capital National Bank
Premier Steel Company
Chemical National Bank, of
Chicago
Theodore P. Haughey
Indianapolis National Bank
Pennsylvania and
Washington Streets
Capital National
Indiana National Bank
State Bank of Indiana
Indiana National
Bank of the State of
Lawrenceburg
Madison
Terre Haute
Fort Wayne
Richmond
Chemical Bank of New York
State Bank of Kentucky
Frankfort
Bank of England
New York
W. J. Holliday
Volney T. Malott
George Merritt
Union Trust Company marks growth amid 1893 turmoil
The Union Trust Company organized in April 1893 and began in its own East Market Street building in June. Despite the panic era receiverships, it expanded its trust operations, insurance department, and capital of 600000, posting a 180000 surplus over eight years. Key officers include Henry Eitel and John H. Holliday, with directors from several Indiana firms. An election next month will fill two director vacancies after deaths and relocations.
MENTIONED IN THIS ARTICLE
Indiana Trust Company
Virginia Avenue
Washington Street
Robert Martindale
I. S. Cornelius
Mary McKenzie
Trust
J. P. Frenzel
Frederick Fairnley
James F. Failey
John A. Butler
James Proctor
Henry W. Lawrence
Arthur C. Newby
Albert Lieber
Henry Jameson
0. N. Frenzel
W. F. Piel, Jr
Edward Hawkins
Frederick Fahnley
Union Trust Company
Indianapolis
Commercial Club
Indiana National Bank
East Market Street
Pennsylvania
Delaware
Henry Eltel
John H. Holliday
Howard M. Folz
Charles 8. McBride
A. A. Barnes
Udell Wooden Ware Works
C. H. Brownell
Citizens’ National Bank of Peru
Thomas C. Day
Henry Eitel
J. C. Bilston
Elston & Co
Crawfordsville
George Kothe
Kothe, Wells & Bauer
Volney T. Malott
Edward L. McKee
Samuel E. Rauh
Belt Railroad and Stockyards Company
Henry C. Long
S. A. Culbertson
New Albany
Marion Trust Company Gains Public Favor and Respect
The Marion Trust Company is praised for its legitimate business practices and strong community usefulness. The article notes trust firms have grown in public favor over recent years due to their proven benefits and stable operations.
Fletcher National Bank A Century-Plus Evolution From Humble Start
The Fletcher National Bank, with deposits of 3.2 million and total assets of 9.2 million, traces its growth over about sixty three years from a small leather pocketbook era to a modern financial institution, beginning with a private banking PLR at Tanta Spek.
MENTIONED IN THIS ARTICLE
Fletcher National Bank
Fletcher
Stoughton J. Fletcher
Allen M
New York
Fletcher Bank
Charles Latham
Stoughton A. Fletcher
Samuel A. Morrison
John A. Tarkington
William A. Hughes
Tanta Spek
Merchants National Bank of Indianapolis Pioneer Bankers
The Merchants National Bank, founded in 1865 by Henry Schnull and Volney Malott, grew from a $100000 capital with $310902.77 in resources to a major financial institution. Frenzel family leaders John P Otto N and Oscar F built the bank into a finance powerhouse through long service and aggressive oversight. The bank expanded capital in 1871 to 200000, trimmed to 100000 in 1878, renewed to 300000 in 1982, and absorbed Meridian National Bank in 1904, marking a pivotal consolidation in the city’s banking history.
MENTIONED IN THIS ARTICLE
Indianapolis
Merchants’ National Bank
Frenzels
Frenze
John P
Otto N
Oscar F
Merchants’ National
Henry Schnull
Volney T. Malott
Circle
Meridian Streets
Carion *& Hollenbeck
Meridian National Bank
Meridian
Washington
Industrial City for Indianapolis Promoters Plan Modern Labor City
Plans describe an industrial city between Brightwood and Irvington with a Belt Railroad extension, 4 to 12 acres free factory sites, grants up to $5,000, and facilities for dining, baths, laundry, a hotel, theater, bank, labor hall, city hall, library, Y M C A, post office and hospital. Architects Samuel H Brubaker & Co outline broad streets, parks, and three school buildings with recreation grounds to ensure health and comfort for workers and families.
MENTIONED IN THIS ARTICLE
Indianapolis
Board of Trade
Anly
Samuel H. Brubaker & Co
Brightwood
Irvington
Sixteenth Street
Twenty-first Street
Emerson Avenue
Arlington Avenue
Bach
New York
Also Mentioned on This Page
John Perrin
Levering
Clearing House
Clearance House Association
Clearing House Association
New York City
Banks and Trust Companies
Cleveland
Seaboard States
Seaboard
American National Bank
Ind
Perrin
Cincinnati
Local Affairs
Marion Trust Company
State of
Savings Department
Joseph T. Elliott
Ferdinand Winter
Preston T. Kelsey
Deeence
P. C. Truster
RB Bee Fletcher
Fletcher National
Simon P. Sheerin
New Telephone Company
George G. Tanner
Tanner & Sullivan
Byron K. Eliott
Charles N. Williams
Central Trust Company
Charles Be, Coffin & Co
Coffin & Co
Charles E. Coffin
Trust Company
Coffin
Charles E. Holloway
Corporation
Building Association
Trust Department
C. E. Coffin & Co
Chas. E. Coffin
Ovid B. Jameson
Augustus Jennings
Winfield T. Durbin
George B. Elliott
Daniel P. Erwin
Lorenzo D. Moody
Cortland van Camp
Medford B. Wilson
Security Trust Company
The
Pennsylvania Street
Convinghd
Banks OF
Great Financial Institutions OF Indianapolis
Fletcher's and Merchants
American and
Columbia
New York Financial
the Union Trust Company
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