Detroit Home Savings Bank

[Wintersmommy]

I know this is ancient but since I have some answers, here goes:

The Home Savings Bank was founded in 1889. One of their early schemes
was to put a foot high iron savings bank in people's homes. They could
put money in them and once a month someone from the bank would collect
and count the money and give the depositor a receipt.

The Home Savings Bank was also notable for opening the first branch bank in the
city, at Junction and the Michigan Central Railroad tracks in 1889.

I don't know how long the iron bank scheme lasted...probably not very
long. HSB merged with the Wayne County Savings Bank in 1914 under the
name Wayne County and Home Savings Bank and then with the Peoples State
Bank in 1928 to form the People's Wayne County Bank, one of the largest
in the state/country. Peoples went under in the 1933 banking crisis.

Awesome information !! thank you so very much. I love this bank and its great to hear its story. Its been in my family for at least 78 years [[my mom says its older than her) and sits right by the front door. It has a lock on it and the key was lost long ago so we don't use it as a bank any longer. It weighs a ton. My great grandfather worked on the railroad so perhaps he picked it up from that first branch.