First National Bank & Davenport Saving Bank

Title: First National Bank
Photographer: Hostetler, J. B.
Studio Name/Location: Hostetler Studio, Davenport, Iowa
Date: Original ca. 1900-1907
Description: Photograph of the First National Bank/Davenport Savings Bank located at the southwest corner of Second and Main in Davenport, Iowa. Other businesses in the building are Louis A LeClaire's & Co. Publishers, Telephone Exchange, and the Davenport Safety Deposit Company. To the left is a sign for Dr. J.W. McKee Dental Parlors, and to the right is the Sommers & LaVelle clothing store. Also visible in the photograph is a telephone pole, a gas street lamp, and horse and buggies. A young boy sits on the steps in front of the building, and three men stand on the corner. This building was torn down ca. 1908-1910 to make way for a newer building.
Location Depicted: Southwest corner of 2nd and Main, Davenport, Iowa
Repository: Richardson-Sloane Special Collections Center, Davenport Public Library, 321 Main Street, Davenport, Iowa 52801
Repository Collection: Hostetler Studio Collection
Object Description: 1 negative : glass, b&w ; 10 x 8 in.
Original Database: This record is from the Upper Mississippi Valley Digital Image Archive, http://www.umvphotoarchive.org, a collaborative project of cultural heritage organizations in the Iowa-Illinois Mississippi River region.

FIRST NATIONAL BANK, DAVENPORT IA
The First National Bank of Davenport, Iowa was organized June 27, 1863, with a capital of $100,000.  The banks organization papers were the first to be filed in Washington under the national banking act, and would have had the first charter issued, but for some informality in the papers which required them to be returned for correction.  This loss of time placed it at No. 15 on the list.  Its first board of directors were Royal L. Mack, Geo. S. C. Dow, Thos. Scott, J. E. Stevenson, Geo. H. French, James Armstong, Frank H. Griggs, John Schmidt, Austin Corbin.  Its first president was Austin Corbin, who was succeeded in the presidency by Ira M. Gifford, Hiram Price, James Thompson, Chas. E. Putnam and T. T. Dow.  The first cashier was Ira M. Gifford who was succeeded by D. C. Porter, Wm. H. Price, D. C. Porter, L. G. Gage and John B. Fidlar. Future directors included Walker Adams, James Thompson, T. T. Dow, A. Burdick, Henry W. Kerker, L. Schricker, J. E. Stevenson, L. C. Dessaint, Nat. French, August Steffen, Henry Kohrs.1




Title: Davenport Savings Bank
Photographer: Hostetler, J. B.
Studio Name/Location: Hostetler Studio, Davenport, Iowa
Date Original: ca. 1912-1920
Description: Photograph of the Davenport Savings Bank building, formerly known as the McManus building located at 200-208 Main Street (northwest corner of 2nd and Main) in Davenport, Iowa. Other businesses in the building are Myers Modiste, Pennsylvania Lines, Anchor Line, Tri-City Feature Film Exchange, and Dr. Stuck.
Location Depicted: 200-208 Main Street, Davenport, Scott County, Iowa
Subject: Davenport Savings Bank (Davenport, Iowa)
Notes: Dates and location determined from the Davenport city directories 1902-1913.
Repository: Richardson-Sloane Special Collections Center, Davenport Public Library, 321 Main Street, Davenport, Iowa 52801
Repository Collection: Hostetler Studio Collection
Object Description: 1 negative : glass, b&w ; 10 x 8 in.
Original Database: This record is from the Upper Mississippi Valley Digital Image Archive, http://www.umvphotoarchive.org, a collaborative project of cultural heritage organizations in the Iowa-Illinois Mississippi River region.

DAVENPORT SAVINGS BANK
The Davenport Savings bank was the next to be incorporated and it opened its doors for business on April 1, 1870, with a capital of $12,000. The incorporators were Judge James Grant, C. E. Putnam, Abner Davison, James Armstrong, James Thompson, Ira M. Gifford, S. F. Smith, Thomas Scott and Francis Ochs. The capital stock has been increased from time to time until it is now $300,000. Of this sum but $35,000 has been actually paid in in cash, the remaining amount having been paid in from its earnings. During the forty-one years of the bank's existence it has had but five presidents. C. E. Putnam, the first president, was succeeded in 1884 by Walker Adams. In 1888 Anthony Burdick was elected and continued in the office until 1905, when he was succeeded by William O. Schmidt, who held the office until his death, in August, 1908. It is interesting to note that Louis Haller has served as vice president for thirty-six years, from 1874 to the present time. Francis Ochs, the first cashier, was succeeded by R. Smetham in 1874. In 1879 Charles N. Voss, now president of the German Savings bank, became cashier, serving until 1885, when succeeded by J. B. Meyer. Henry C. Struck, the present incumbent, succeeded Mr. Meyer in 1892. The present officers are: directors, Louis Haller and Henry Kohrs, who have served since the organization of the bank forty years ago, Anthony Burdick, John F. Dow, Henry C. Struck, W. H. Wilson, August E. Steffen, John W. Gilchrist, and Theo. Krabbenhoeft; president, John F. Dow; vice president, Louis Haller; cashier, H. C. Struck; teller, Otto L. Ladenberger; assistant teller, A. Brunig; attorney, W. H. Wilson. The total amount of surplus and undivided profits at the time of the last public statement was $294,363, and the deposits, $4,016,442. 2

References

1. Celtic Cousins. Retrieved 06 December 2008 from http://www.celticcousins.net/scott/historyofdavpart3.htm

2. Celtic Cousins. Retrieved 06 December 2008 from http://www.celticcousins.net/scott/chapter25.html