Encyclopedia Dubuque
"Encyclopedia Dubuque is the online authority for all things Dubuque, written by the people who know the city best.”
Marshall Cohen—researcher and producer, CNN
Affiliated with the Local History Network of the State Historical Society of Iowa, and the Iowa Museum Association.
HONOR BANKS: Difference between revisions
(Created page with "HONOR BANKS. In 1915 the designation 'honor bank' was given to those banks where the undivided surplus and profits remaining in the bank exceeded the capital stock of the bank...") |
No edit summary |
||
| Line 7: | Line 7: | ||
Source: | Source: | ||
" 'Honor Banks' in Iowa Number 111," | " 'Honor Banks' in Iowa Number 111," ''Dubuque Telegraph-Herald'', May 23, 1915, p. 13 | ||
[[Category: Banks]] | [[Category: Banks]] | ||
Latest revision as of 17:06, 21 November 2018
HONOR BANKS. In 1915 the designation 'honor bank' was given to those banks where the undivided surplus and profits remaining in the bank exceeded the capital stock of the bank. Ten percent of the banks organized under state laws achieved this record with 34 organized as state banks or trust companies and the others under the savings bank law. In some cases the profit and surplus exceeded by three or four times the capital stock.
In Dubuque, the banks declared 'honor banks' included DUBUQUE SAVINGS BANK and GERMAN TRUST AND SAVINGS BANK.
---
Source:
" 'Honor Banks' in Iowa Number 111," Dubuque Telegraph-Herald, May 23, 1915, p. 13