Encyclopedia Dubuque
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Affiliated with the Local History Network of the State Historical Society of Iowa, and the Iowa Museum Association.
BANK AND INSURANCE BUILDING: Difference between revisions
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[[Image:BankAndInsuranceBldg.png|left|thumb|200px|Bank and Insurance Building]]BANK AND INSURANCE BUILDING. Concern that Dubuque was slipping behind other Iowa communities in the availability of modern office space was not made a matter of action until 1893. The [[IOWA TRUST AND SAVINGS BANK]] and the [[DUBUQUE FIRE AND MARINE INSURANCE COMPANY]], frustrated in their own search for office space, chose the ambitious project of erecting a building. | [[Image:BankAndInsuranceBldg.png|left|thumb|200px|Bank and Insurance Building]]BANK AND INSURANCE BUILDING. 909 Main Street. Concern that Dubuque was slipping behind other Iowa communities in the availability of modern office space was not made a matter of action until 1893. The [[IOWA TRUST AND SAVINGS BANK]] and the [[DUBUQUE FIRE AND MARINE INSURANCE COMPANY]], frustrated in their own search for office space, chose the ambitious project of erecting a building. | ||
A meeting of the board of directors of the two companies in August 1893,led to an agreement that each director would purchase 10 percent of the capital stock if a construction company was organized. In May 1893, five of the principal stockholders in the insurance company and bank- [[CONNOLLY, Thomas|Thomas CONNOLLY]], Edward A. Engler, [[SCHRUP, Nicholas J. Sr.|Nicholas J. SCHRUP, Sr.]], [[SHIELDS, James H.|James H. SHIELDS]], and [[STOUT, Frank D.|Frank D. STOUT]]- purchased the Cox lot on the northwest corner of Ninth and Main [[STREETS]]. In July 1894, the Wells-Ham lot adjacent to the other property was purchased. This created a lot 102 feet by 114 feet for construction. | A meeting of the board of directors of the two companies in August 1893,led to an agreement that each director would purchase 10 percent of the capital stock if a construction company was organized. In May 1893, five of the principal stockholders in the insurance company and bank- [[CONNOLLY, Thomas|Thomas CONNOLLY]], Edward A. Engler, [[SCHRUP, Nicholas J. Sr.|Nicholas J. SCHRUP, Sr.]], [[SHIELDS, James H.|James H. SHIELDS]], and [[STOUT, Frank D.|Frank D. STOUT]]- purchased the Cox lot on the northwest corner of Ninth and Main [[STREETS]]. In July 1894, the Wells-Ham lot adjacent to the other property was purchased. This created a lot 102 feet by 114 feet for construction. | ||
Revision as of 21:25, 15 April 2011
BANK AND INSURANCE BUILDING. 909 Main Street. Concern that Dubuque was slipping behind other Iowa communities in the availability of modern office space was not made a matter of action until 1893. The IOWA TRUST AND SAVINGS BANK and the DUBUQUE FIRE AND MARINE INSURANCE COMPANY, frustrated in their own search for office space, chose the ambitious project of erecting a building.
A meeting of the board of directors of the two companies in August 1893,led to an agreement that each director would purchase 10 percent of the capital stock if a construction company was organized. In May 1893, five of the principal stockholders in the insurance company and bank- Thomas CONNOLLY, Edward A. Engler, Nicholas J. SCHRUP, Sr., James H. SHIELDS, and Frank D. STOUT- purchased the Cox lot on the northwest corner of Ninth and Main STREETS. In July 1894, the Wells-Ham lot adjacent to the other property was purchased. This created a lot 102 feet by 114 feet for construction.
In August 1894, at a meeting in the office of the insurance company, the Bank and Insurance Office Building Company was organized with capital stock of $300,000. Incorporation of the company occurred on August I5, 1894. The five businessmen who had purchased the property were chosen to be the company's board of directors. W. W. Boyington and Company of Chicago was chosen the architects. Construction, started on September 5,1894, was completed so that the first tenants were settled by Thanksgiving, 1895.
Known later as the Fischer Building, the structure was partially owned by Iowa Trust and Savings Bank that had its offices on the ground level. AMERICAN TRUST AND SAVINGS BANK operated from the building from 1934 until 1945 when it moved into its present building.
