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Encyclopedia Dubuque

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Affiliated with the Local History Network of the State Historical Society of Iowa, and the Iowa Museum Association.




IOWA TRUST AND SAVINGS BANK

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Pictured, from left to right, are Harlan G. MELCHIOR, Joel F. Nelson, George Jensen, Maurice BROWN and Carl F. Kleinsschmidt in the Iowa Trust and Savings Bank, located on the 1st floor of the B & I Building. William J. Klauer Collection, Center for Dubuque History, Loras College.
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IOWA TRUST AND SAVINGS BANK. Organized in 1884 with a capital of $200,000, Iowa Trust in 1895 had as its officers G. L. Torbert, president and Frank D. STOUT, vice-president. Directors in that year were G. L. Torbert, John Peter ELLWANGER, Peter KIENE, Frank D. Stout, Jacob RICH, William H. Peabody, William Boyd ALLISON, Thomas CONNOLLY, and F. B. Daniels.

Photo courtesy: Bob Reding
Receipt from Iowa Trust and Savings Bank. Photo courtesy: Bob Reding

In 1895 the bank occupied a building at the corner of 7th and Main. A partial owner of the BANK AND INSURANCE BUILDING on the corner of 9th and Main, the bank occupied the ground level space on the corner by 1903. The bank was brought to financial ruin by a run on its deposits in July 1932.

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Source:

Oldt, Franklin T. History of Dubuque County, Iowa. Chicago: Western Historical Company, 1880 http://www.ebooksread.com/authors-eng/franklin-t-oldt/history-of-dubuque-county-iowa-being-a-general-survey-of-dubuque-county-histor-tdl/page-21-history-of-dubuque-county-iowa-being-a-general-survey-of-dubuque-county-histor-tdl.shtml

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