Beloit Savings Bank

1881 - 1902 - ?

The Beloit Savings bank operated at 346 Bridge Street. Below is a history from 1889.

The Beloit Savings Bank, one of the leading banking institutions of the county, was
established in 1881. S. T. MERRILL was one of the prime movers in the affair. At the first election of officers, S. T. MERRILL was elected President; Aaron L. CHAPIN and C. C. KULER [KELER?] were elected vice-presidents; and J. A. HOLMES was elected Secretary and Treasurer. The following named gentlemen were the first trustees of the bank: A. L. CHAPIN, S. T. MERRILL, J. H. REIGART, O. C. JOHNSON, C. C. KELER [KULER?], J. B. GORDON, R. J. BURGE, S. S. NORTHRUP, C. BABBETT, J. A. HOLMES, L. L. LANSING and R. J. DOWD. The financial committee was composed of R. J. BURGE, O. C. JOHNSON and the president and vice-presidents. The present officers are R. J. DOWD, President; E. J. SMITH and C. D. WINSLOW, Vice- Presidents. The board of trustees is composed of R. J. DOWD, E. G. SMITH, S. T. MERRILL, Dr. E. N. CLARK, H. M. WHITNEY, C. E. WHEELER, E. J. SMITH, H. PENTLAND, C. D. WINSLOW, J. B. PEET, P. JOHNSON, and J. A. HOLMES.
The Beloit Savings Bank is the only institution of the kind in the State. It has been a
paying enterprise since its organization, and from the beginning it has paid a dividend of 2½ per cent. every six months, amounting to $9,689. The deposits at this writing, June, 1889, amount to $47,300, and can be made in sums from 25 cents to $1,000. This institution has been of steady growth from the beginning and is one of the important business concerns of Beloit.
 
[Source: Portrait & Biographical Album of Rock County, Wisconsin. 1889 Acme, Chicago, Illinois; p. 1030]

1886 Officers & Trustees

[ad from Beloit Historical Society* (under Various, Beloit Free Press)]

  • A. L. CHAPIN, President
  • J. A. HOLMES, Secretary & Treasurer
  • Trustees: B. M. MALONE, H. PENTLAND, E. J. SMITH, R. J. DOWD, S. S. NORTHRUP, P. J. J____SON, S. T. MERRILL, _. P. WHEELER, J. H. FRENCH, J. A. HOLMES, A. L. CHAPIN
  • Finance Committee: R. J. DOWD, S. S. NORTHRUP, P. J. J____SON, S. T. MERRILL, J. H. FRENCH, A. L. CHAPIN
1902 Officers & Trustees
  • R. J. DOWD, President
  • Edward F. HANSON, Treasurer
  • Trustees: R. J. DOWD, S. T. MERRILL, C. C. KEELER, E. G. SMITH, E. J. SMITH, A. N. BORT, E. F. HANSON, O. T. THOMPSON, J. T. JOHNSON, J. C. ROOD, D. H. POLLOCK, Cham INGERSOLL

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