American Trust & Savings Bank: Difference between revisions
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The '''American Trust and Savings Bank''' was a bank which opened on [[April 1]], [[1903]] with $100,000 in capital funds. It was headed by [[George McCormack]] with [[H. L. Badham]] as vice-president and [[H. B. Urquhart]] as cashier. | The '''American Trust and Savings Bank''' was a bank which opened on [[April 1]], [[1903]] with $100,000 in capital funds. It was headed by [[George McCormack]] with [[H. L. Badham]] as vice-president and [[H. B. Urquhart]] as cashier. | ||
It merged with [[Traders National Bank]] and opened branch offices in [[Leeds]], [[North Birmingham]], [[Woodlawn]], [[Fairfield]], [[Ensley]] and [[Tarrant]] | It merged with [[Traders National Bank]] to form the '''American-Traders National Bank''' and opened branch offices in [[Leeds]], [[North Birmingham]], [[Woodlawn]], [[Fairfield]], [[Ensley]] and [[Tarrant]]. It also constructed the [[John A. Hand Building|American Trust Building]] on the southeast corner of [[1st Avenue North]] and [[20th Street North|20th Street]], briefly the city's tallest skyscraper, as its headquarters. | ||
The bank was acquired by the [[AmSouth Bank|First National Bank of Birmingham]] in [[1930]] during the [[Great Depression]]. The combination took over the American Trust building. | The bank was acquired by the [[AmSouth Bank|First National Bank of Birmingham]] in [[1930]] during the [[Great Depression]]. The combination took over the American Trust building. |
Revision as of 18:35, 17 May 2013
The American Trust and Savings Bank was a bank which opened on April 1, 1903 with $100,000 in capital funds. It was headed by George McCormack with H. L. Badham as vice-president and H. B. Urquhart as cashier.
It merged with Traders National Bank to form the American-Traders National Bank and opened branch offices in Leeds, North Birmingham, Woodlawn, Fairfield, Ensley and Tarrant. It also constructed the American Trust Building on the southeast corner of 1st Avenue North and 20th Street, briefly the city's tallest skyscraper, as its headquarters.
The bank was acquired by the First National Bank of Birmingham in 1930 during the Great Depression. The combination took over the American Trust building.