The Lima Dime Savings Bank -- 1922-1930
- In the Journal of the American Bankers Association - 1922 - Listing of New Banks
- President - Ira Wagner; Ira E. Wagner started the Wagner Loan Company in 1916.
- Treasurer - Frank Thomas
- No other info on these men.
- The building is no longer there, but it was on the town square. Map
- The space was originally the ''Badeau Block'', [built before 1853, as per the earliest mention I found] on the southwest corner of the Public Square and Main street.
- Then the Badeaus and Wagner got together and built the new Dime Savings Building.
- The bank was robbed on May 2, 1922. Bandits made off with $4500 (that's $60,000 today).
- Shortlived - the bank dissolved in 1930. Their motto was: ''Where Dimes Grow to a Dollar'', but I don't think all their investors quite got the full value promised.
- Liquidation dragged on. Some depositors still hadn't received their monies in 1938.
- There were several court cases and legal issues.
Book style metal coin bank advertising give-away that opens with a key. It has The Dime Savings Bank / Lima, Ohio on the front.
Lima Business College - Class of 1921
Bonus fact:
Besides the usual newspaper ads and then the later legal issues, the only other interesting tidbit I found was the Lima Dime Savings Bank was mentioned in Daisy Standish's obituary, as she worked at the bank from the 1922 opening to the 1930 closing. Daisy lived to be105 years old, and was a 1922 graduate of Lima Business College.
_______________
Note: These items are part of my ''Collecting Lima Virtual Museum''. They are not for sale.
If/when I find more information on these items, I will add it to the post.
Read the Introduction to Collecting Lima Virtual Museum Project ~ My Lima Ohio Bottles, Advertising, Antiques
Note: These items are part of my ''Collecting Lima Virtual Museum''. They are not for sale.
If/when I find more information on these items, I will add it to the post.
Read the Introduction to Collecting Lima Virtual Museum Project ~ My Lima Ohio Bottles, Advertising, Antiques
Sign up for my free newsletter!