The Waterbury Democrat., 1933-06-05

lard Spencer, Charles B. Merriman
Nathan Dikeman, Edward L., Frts-
bic, George E. Terry and Robert
F. Griggs. The present president,
John A. Coe, took office in 1928
and Robert A. Cairns is vice-pres-
ident.
Dime Savings Bank
The Dime Savings Bank has been
in existence SO years. having been
chartered in 1870. 1t was first To-
Gated at is North Main street in
building known as No Central
Row which stood about where the
Mohican Market Is now located. In
1894, the bank moved to a red
brick building formerly the home
of P. B. Norton standing at the
corner of North Main street and
Abbott avenue, This was replaced
and occupied in 1927. The name
Dime" was a popular one at the
time the bank was organized and
the intention was to receive
amounts as small as 10 cents on
deposit.
The first officers of this bank
were President, Elisha Leaven-
worth, Secretary and Treasurer, G.
De al SOAlS. L l1C Odhh PoA4 ASS 40 -
dividend April l, 1871. 1t went
through the depression of 1873
gathering strength and by January
/, 1874, its deposits amounted to
s257,O00, belonging to 2,091 depos-
itors. In 1888, Henry c. Griggs was
elected president to succeed Mr.
Leavenworth. He in turn. was sue
ceeded by Henry H. Peck who serv
ed from 1887 to 1919. John p. FL
ton was its president from 1919 to
1928, when Edwin c. Northrop who
now holds that position. succeeded
him. G.. s. Parsons was treasurer
from 1870 to 1898, succeeded by
Otis S. Northrop who held that po-
sition until 1919 when his son,
Edwin C. Northrop, became treas
urer, an office that he held until
he was made president. Richard
Preusser has been treasurer since
1928.
West Side Bank
The West Side Savings Bank was
organized and incorporated in
1889. Its first president was George
H. Cowell, with ]. Richard Smith
and Martin Hellmann as vice-pres-
idents. Gordon B. Lawrence was
treasurer and Michael Guilfoile,
secretary. Among the directors
were Edward T. Turner, John Hen
derson, Jr, Thomas Kelly, Herbert
w. Lake, Charles r. Pancost, Ro-
bert c. Partree, .Jr, and Godfri Du-
buc. Its first place of business was
a small building on the west bank
of the Naugatuck river in what IL
now known as Brooklyn"
In 1894, J. Richard Smith be-
came president and Burton G. Bry-
an, treasurer and the headquarters
Of the bank were transferred to
the corner of Bank street and what
| is now Center street, in the same
building with the Fourth National
bank.
Under the able management of
prospered. In 1908, George e.
judd was elected secretary and
treasurer, Offices which he held with
credit until his death in 1924. He
was succeeded by r. G. Hannegan
who resigned in February 1926.
Robert E. Plat was appointed sec
rotary and treasurer on March l,
1926.
J. Richard Smith was president
of the bank from 1894 to the day
of his death an honorable record
Of more than 26 years. ell was sue
ceeded by BENJAMIN L. Coe, who
has been president for the past Ii
years.
The growth in the business of
the bank had developed to such an
extent that in 1917, lease was
secured Of rooms in the Bucking-
ham building. These quarters were
afterwards enlarged to the pres
ent size and a new vault of the
best type was installed SO that the
public could have safe deposit ia
cilities. This bank was the first
bank in Waterbury to have a
Christmas club.