The Detroit times., 1912-09-04
Strictly a Savings Bank
TO THE PUBLIC
GREETINGS:

GREETING: Hst~. .t-, -0
The Detroit United Bank. at the beginning OF Its
eleventh year of successful business invites the at
tention of the public fidelity with which Its In
augural and Its policy have been carried
out and what thus far has been accomplished
Est.bIjshed, On the 3rd day of September, 1912.
The Detroit United Bank entered upon the eleventh
year OF it's establishment Ten years ago II opened
its doors for business and invited the savings deposits
of the people, agreeing pay four cent interest
upon deposits from the day OF deposit to the date
OF withdrawal Its announced contract with the public
was further Its investments and loans would Dc
confined strictly municipal bonds and hrscass real
estate mortgages. II then had capital OF $loVVoo.
whereas II now has a capital Of $25000O with surplus
and undivided profits all earned amounting TO more
than 100000 and with total assets OF over s4oosoo
1t has continued to four per cent interest on its
deposits as 1t originally declared 1t would. and beside
has paid it's stockholders regular dividends and out OK
it's earnings accumulated its present surplus and un
divided profits. Thus 1t is evident that The Detroit
United Bank has enjoyed full measure OF success.
and its officers directors desire to express their
appreciation OF the splendid cooperation given them
by its many depositors. <
BANKING BY Mail The Detroit United Bank inaug-
urated the successful system OF Banking BY Mail In
troduced bank advertising such In Michigan and
commenced a campaign Of education with the purpose
OF building up it's business by Of fair honor
able and liberal treatment OF It's patrons. IL mas
pointed out the fact that savings deposits are worth
much more to a bank than checking accounts, and
It could afford to pay 40 Interest
on deposits the do the Savings Banks OF New
York Pittsburgh Cleveland and other cities Beside
this no bank could have conducted its business with
greater security to its depositors
Interest Paid.-This bank has paid AZ interest
savings deposits from the day OF Its opening and 1t
has prospered. It's deposits at the present time are
nearly 000 every dollar OF which s purely saw
ngs II is thus seen that the deposits OF this bank
have increased average of about thousand dol
lars for every business day since II was opened. II
depository OF state county city or other public
funds. t .f
Deposits have always been paid upon demand with
ont exception this being followed throughout
the stringency OF 1907 and 1905.
Loans have been confined strictly to hrst-class
improved real estate securities, carefully selected
that 81 never has foreclosed single mortgage,
has IL ever had piece Of real estate its books,
nor lost dollar in any transaction whatever. When
the fact into consideration that this bank has
taken over four thousand mortgages this plan of
loaning it's depositors funds II Is believed will receive
general commentator. It departed from the then
almost universal and still very prevalent OF
banks loanng money to their officers and directors by
adopting bylaw providing that officer. director,
stockholder employe under circumstances what
ever. could borrow money from It, and this bylaw
has been strictly adhered to. ~
Safety. IL the progressive and yet most conserva-
tive followed by this bank meets your approval
and you seek absolutely safe depository for your
savings account where you OF courteous fair
and honorable treatment, you cordially invited to
open account with THE DETROIT UNITED BANK
Those opening accounts this month will assist COM
mencng the eleventh year OF business under In
creasngly satisfactory conditions
Send for booklet, BANKING BY MAIL
Address all correspondence to THE DETROIT
UNITED BANK, zoe Griswold- Street. Detroit Michigan