,Aitricat Awish Periesecal Carter
WITCH ATINUI • CINCINNATI 20, OHIO
limPetitorrinvistiffiROIVICIA
vlarch 10, 1939
PAGE SEVEN
■ nd THE LEGAL CHRONICLE
A NINETY-YEA L LD BANK
THAT NEVER ST PPED SERVING!
IN•
THE DETROIT BANK
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Beginning March 5, 1849 as the Detroit Savings Fund Institute, The Detroit Bank
from the start placed emphasis on safely serving the depositor for whom it was trustee.
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This fundamental principle not only contributed to the thrift, safety and development
of the community, but also served to guide the bank and its depositors through many
troublesome times. These included the Civil War period; the panics of 1873 and
1893; the war days of 1917 and 1918, and again during the economic crisis of 1933,
when The Detroit Bank was able to furnish depositor services and banking credit at a
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time when such service was all but unobtainable.
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later period when local real estate and construction
Emerging from the days of that
credit was not available, The Detroit Bank again pioneered by announcing it had
$5,000,000 to lend on mortgage loans for the construction of new homes. It was the
first bank in Michigan authorized to offer loans under the Federal housing Act, and
whole United States. In its 90 years of life it has financed the
the seventh in the
building of many thousands of Detroit homes, and is continuing to do so.
has also been extended in the amount of many millions of dollars to
Business credit
permit business men to handle increased volume and operate more profitably. Com-
mercial loans have been made by the bank to meet pay rolls, to buy raw materials
and build up inventories, to carry accounts receivable and to take advantage of cash
discounts on purchases. These loans permit business to expand, to meet its seasonaF
directly profitable to the business itself. Through its nation-wide
demands, an d each is
bank and business contacts, The Detroit Bank has also provided quick, accurate credit
information for customers, and handled the financing and foreign exchange necessary
CHARTERED MARCH 5, 1849
One of the outstanding characteristics of The Detroit Bank's lending activities has
always been constructive extension of credit to a large number of smaller business
concerns and to individuals.
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Among the community measures The Detroit Batik sponsors is a Monthly Payment
Loan Department for individuals of small means but sound credit who arc thus able
to borrow on favorable terms. Through this department millions of dollars have
been loaned to meet personal emergencies, to finance improvements to homes and
needed household equipment.
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The Detroit Bank acts as depository for bankers throughout the State of Michigan;
also, for the Government of the United States, the State of Michigan, the City of
Detroit, the Michigan Unemployment Compensation Commission, and for public
funds from various other municipal and governmental sources.
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Many commercial and industrial enterprises with headquarters outside of Michigan
take advantage of the services of The Detroit Bank. They maintain deposits and
receive credit accommodations with which to transact business in the City of Detroit
and the State of Michigan.
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More than 215,000 depositors rely upon the banking services of The Detroit Bank,
through its 30 offices. These represent a large cross-section of the City of Detroit.
Established as a repository for the funds of the people of the then struggling city in
1849, The Detroit Bank has been faithful to its trust and helpful to the City and State
which saw its birth and within which it has grown.
to export and import transactions.
THE DETROIT BANK
Main Office • Griswold at State
MEMBER FEDERAL RESERVE SYSTEM
MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION