Union Trust and Savings Bank was a bank that served the City of Flint, Michigan. It was established in 1893 by Ira H. Wilder, a former bank examiner, and a number of wealth investors. The initial board of directors included Mathew Davison and William A. Paterson both mayors of the City of Flint. Paterson was also a carriage, and a car manufacturer. Another director was James Hurley, who was known by his foundational donations for the city's Hurley Hospital. The bank's first president was Charles T. Bridgman, and Wilder served as the cashier. Mathew Davison later succeeded Wilder as the bank's cashier. Later, George H. Durand and William F. Stewart joined the Board of Directors. Paterson and W. H. Edwards were appointed Vice-Presidents in 1916, and Davison became Chairman of the Board. Additionally, in 1916 L. H. Bridgman became cashier, and J. E. Storer became his assistant cashier.
Several employees, including a senior vice president and two vice presidents, were caught embezzling $3.5 million from the bank in 1929. On May 1, 1929, the Bank merged with Industrial Savings Bank to become Union Industrial Trust & Savings Bank.
Famous quotes containing the words union, trust and/or bank:
“Every good cause gained a victory when the Union troops were triumphant. Our final victory was the triumph of religion, of virtue, of knowledge.... During those four years, whatever our motives, whatever our lives, we were fighting on God’s side. We were doing His work. What would this country have been if we had failed?”
—Rutherford Birchard Hayes (1822–1893)
“One must be fond of people and trust them if one is not to make a mess of life.”
—E.M. (Edward Morgan)
“It was like passing a boundary to dive
Into the sun-filled water, brightly leafed
And limbed and lighted out from bank to bank.
That’s how the stars shine during the day.”
—Wallace Stevens (1879–1955)