GERMAN SAVINGS BANK - Revision history

Randylyon at 15:43, 3 June 2024

2024-06-03T15:43:28Z

← Older revision		Revision as of 15:43, 3 June 2024
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	J. H. Kroesen, leather dealer		J. H. Kroesen, leather dealer

	[[JAEGER, Adam Francis, Sr.\|Adam Francis JAEGER, Sr.]], wine and liquor salesman		[[JAEGER, Adam Francis, Jr.\|Adam Francis JAEGER, Jr.]], wine and liquor salesman

	"Otto" Junkermann, druggist		"Otto" Junkermann, druggist

Randylyon at 15:42, 3 June 2024

2024-06-03T15:42:19Z

← Older revision		Revision as of 15:42, 3 June 2024
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	J. H. Kroesen, leather dealer		J. H. Kroesen, leather dealer

	[[JAEGER, Adam Francis\|Adam Francis JAEGER]], wine and liquor salesman		[[JAEGER, Adam Francis, Sr.\|Adam Francis JAEGER, Sr.]], wine and liquor salesman

	"Otto" Junkermann, druggist		"Otto" Junkermann, druggist

Randylyon at 18:05, 23 November 2016

2016-11-23T18:05:33Z

← Older revision		Revision as of 18:05, 23 November 2016
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	[[Image:vault.jpg\|left\|thumb\|250px\|Donna Ginter used the old bank vault to store food. Photo courtesy: Donna Ginter]]		[[Image:vault.jpg\|left\|thumb\|250px\|Donna Ginter used the old bank vault to store food. Photo courtesy: Donna Ginter]]
	[[Image:dining.jpg\|right\|thumb\|250px\|Dining room at the German Bank (circa 1950s). Photo courtesy: Donna Ginter]]		[[Image:dining.jpg\|right\|thumb\|250px\|Dining room at the German Bank (circa 1950s). Photo courtesy: Donna Ginter]]
	[[Image:GB21.png\|right\|thumb\|~~250px~~\|]]		[[Image:GB21.png\|right\|thumb\|350px\|]]
	See: [[BANKS AND BANKING]]		See: [[BANKS AND BANKING]]
	See: [[PANIC OF 1873]]		See: [[PANIC OF 1873]]

Randylyon at 18:04, 23 November 2016

2016-11-23T18:04:33Z

← Older revision		Revision as of 18:04, 23 November 2016
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	[[Image:vault.jpg\|left\|thumb\|250px\|Donna Ginter used the old bank vault to store food. Photo courtesy: Donna Ginter]]		[[Image:vault.jpg\|left\|thumb\|250px\|Donna Ginter used the old bank vault to store food. Photo courtesy: Donna Ginter]]
	[[Image:dining.jpg\|right\|thumb\|250px\|Dining room at the German Bank (circa 1950s). Photo courtesy: Donna Ginter]]		[[Image:dining.jpg\|right\|thumb\|250px\|Dining room at the German Bank (circa 1950s). Photo courtesy: Donna Ginter]]
			[[Image:GB21.png\|right\|thumb\|250px\|]]
	See: [[BANKS AND BANKING]]		See: [[BANKS AND BANKING]]
	See: [[PANIC OF 1873]]		See: [[PANIC OF 1873]]

Randylyon at 18:02, 23 November 2016

2016-11-23T18:02:57Z

← Older revision		Revision as of 18:02, 23 November 2016
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	German Bank underwent great change in leadership in 1890, and the next year it joined the [[DUBUQUE CLEARING HOUSE ASSOCIATION]], a local bank organization that established rules for the operations of member banks. Among the new directors of the bank was [[SCHRUP, Nicholas J. Sr.\|Nicholas J. SCHRUP, Sr.]]		German Bank underwent great change in leadership in 1890, and the next year it joined the [[DUBUQUE CLEARING HOUSE ASSOCIATION]], a local bank organization that established rules for the operations of member banks. Among the new directors of the bank was [[SCHRUP, Nicholas J. Sr.\|Nicholas J. SCHRUP, Sr.]]

	~~[[Image:GB2.png\|right\|thumb\|250px\|]]~~
	[[Image:GB1.png\|right\|thumb\|250px\|]]Banking operations were conducted on the first floor. Apartments were built on the upper two stories. The beautiful building did not, however, hide the fact that the bank had been growing more slowly than its competitors. In 1904 the articles of incorporation were renewed with the addition of an amendment that returned the bank to the status of a "savings bank." The institution was renamed the German Savings Bank. The articles also called for the establishment of a branch bank. On January 1, 1905 a north end branch of the bank was established at 18th and Couler (Central). (3)		[[Image:GB1.png\|right\|thumb\|250px\|]]Banking operations were conducted on the first floor. Apartments were built on the upper two stories. The beautiful building did not, however, hide the fact that the bank had been growing more slowly than its competitors. In 1904 the articles of incorporation were renewed with the addition of an amendment that returned the bank to the status of a "savings bank." The institution was renamed the German Savings Bank. The articles also called for the establishment of a branch bank. On January 1, 1905 a north end branch of the bank was established at 18th and Couler (Central). (3)

Randylyon at 04:21, 15 June 2016

2016-06-15T04:21:12Z

← Older revision		Revision as of 04:21, 15 June 2016
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	The German Bank building became the home of taverns and restaurants including the [[NAVY CLUB (THE)]] and the [[SILVER DOLLAR]] owned and operated by [[GINTER, Donna\|Donna GINTER]]. In 2001 construction nearby on a parking ramp was blamed on cracks in walls in the German Bank and several other businesses. The presence of sub-basements used originally for storage may have contributed to the problem. The Building Services Department ordered the rear portions of buildings at 342, 36, 372, and 378 Main Street vacated forcing the businesses to temporarily close or relocate.		The German Bank building became the home of taverns and restaurants including the [[NAVY CLUB (THE)]] and the [[SILVER DOLLAR]] owned and operated by [[GINTER, Donna\|Donna GINTER]]. In 2001 construction nearby on a parking ramp was blamed on cracks in walls in the German Bank and several other businesses. The presence of sub-basements used originally for storage may have contributed to the problem. The Building Services Department ordered the rear portions of buildings at 342, 36, 372, and 378 Main Street vacated forcing the businesses to temporarily close or relocate.

	In 2007 city officials entered into a development agreement with the German Bank Building, ~~LLLP~~, a building ownership group. The agreement required the developer to make a capital investment of $1.5 million in exchange for a $300,000 low-interest loan. The developers sold the property to James Madison, LLC in 2012. This shifted all the obligations including the development agreement to the new owners. The Mainstreet Steak and Chophouse opened at the site in 2013, but closed in early 2015. (5)		In 2007 city officials entered into a development agreement with the German Bank Building, LLP, a building ownership group. The agreement required the developer to make a capital investment of $1.5 million in exchange for a $300,000 low-interest loan. The developers sold the property to James Madison, LLC in 2012. This shifted all the obligations including the development agreement to the new owners. The Mainstreet Steak and Chophouse opened at the site in 2013, but closed in early 2015. (5)

	In 2015 the City Council approved an inter-creditor agreement between the city and [[PREMIER BANK]] which would enable to bank to sell the German Bank Building as a result of the owners being in default of mortgages from the city and the bank. This was the first local instance of a business defaulting on a loan provided through the Downtown Rehabilitation Loan Program. Seventeen successful projects had occurred in the last two decades with nine more planned through 2026. The agreement would allow the city to recoup some of the outstanding balance of a $300,000 loan. The city, however, was still likely to lose nearly $100,000.(6)		In 2015 the City Council approved an inter-creditor agreement between the city and [[PREMIER BANK]] which would enable to bank to sell the German Bank Building as a result of the owners being in default of mortgages from the city and the bank. This was the first local instance of a business defaulting on a loan provided through the Downtown Rehabilitation Loan Program. Seventeen successful projects had occurred in the last two decades with nine more planned through 2026. The agreement would allow the city to recoup some of the outstanding balance of a $300,000 loan. The city, however, was still likely to lose nearly $100,000.(6)

Randylyon at 04:19, 15 June 2016

2016-06-15T04:19:27Z

← Older revision		Revision as of 04:19, 15 June 2016
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	J. H. Kroesen, leather dealer		J. H. Kroesen, leather dealer

	[[JAEGER, Adam F.\|Adam F. JAEGER]], wine and liquor salesman		[[JAEGER, Adam Francis\|Adam Francis JAEGER]], wine and liquor salesman

	"Otto" Junkermann, druggist		"Otto" Junkermann, druggist
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	[[SCHMID, Titus\|Titus SCHMID]], brewer		[[SCHMID, Titus\|Titus SCHMID]], brewer

	[[SCHERR, ~~Bernard~~ C.\|~~Bernard~~ C. SCHERR]], brewer		[[SCHERR, Bernhard C.\|Bernhard C. SCHERR]], brewer

	[[THEDINGA, John H.\|John H. THEDINGA]]		[[THEDINGA, John H.\|John H. THEDINGA]]

Randylyon at 03:09, 10 October 2015

2015-10-10T03:09:42Z

← Older revision		Revision as of 03:09, 10 October 2015
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	See: [[BANKS AND BANKING]]		See: [[BANKS AND BANKING]]
			See: [[PANIC OF 1873]]

	---		---

Randylyon at 02:00, 7 September 2015

2015-09-07T02:00:30Z

← Older revision		Revision as of 02:00, 7 September 2015
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	[[Image:DSC01084_1.jpg\|left\|thumb\|250px\|]]		[[Image:DSC01084_1.jpg\|left\|thumb\|250px\|]]
	On October 14, 1864 the formation of the German Savings Bank was announced. The founders purchased the former banking office of the Langworthy brothers. [[JUNKERMANN, Karl Frederick "Otto"\|Karl Frederick "Otto" JUNKERMANN]] and William Westphal were sent to St. Louis to observe operations in a similar German bank. The articles of incorporation for the German Savings Bank were made public the next day. Included among the incorporators were:		On October 14, 1864 the formation of the German Savings Bank was announced. The founders purchased the former banking office of the Langworthy brothers. (1) [[JUNKERMANN, Karl Frederick "Otto"\|Karl Frederick "Otto" JUNKERMANN]] and William Westphal were sent to St. Louis to observe operations in a similar German bank. The articles of incorporation for the German Savings Bank were made public the next day. Included among the incorporators were:

	[[HENRY BAADE]], grocer		[[HENRY BAADE]], grocer

Randylyon at 01:59, 7 September 2015

2015-09-07T01:59:18Z

← Older revision		Revision as of 01:59, 7 September 2015
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	[[Image:DSC01084_1.jpg\|left\|thumb\|250px\|]]		[[Image:DSC01084_1.jpg\|left\|thumb\|250px\|]]
	On October 14, 1864 the formation of the German Savings Bank was announced. The founders purchased the former banking office of the Langworthy brothers ~~and sent~~ [[JUNKERMANN, Karl Frederick "Otto"\|Karl Frederick "Otto" JUNKERMANN]] and William Westphal to St. Louis to observe operations in a similar German bank. The articles of incorporation for the German Savings Bank were made public the next day. Included among the incorporators were:		On October 14, 1864 the formation of the German Savings Bank was announced. The founders purchased the former banking office of the Langworthy brothers. [[JUNKERMANN, Karl Frederick "Otto"\|Karl Frederick "Otto" JUNKERMANN]] and William Westphal were sent to St. Louis to observe operations in a similar German bank. The articles of incorporation for the German Savings Bank were made public the next day. Included among the incorporators were:

	[[HENRY BAADE]], grocer		[[HENRY BAADE]], grocer
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	[[WESTPHAL, William\|William WESTPHAL]], hardware salesman		[[WESTPHAL, William\|William WESTPHAL]], hardware salesman

	While the articles of incorporation were similar to others of the period, one article set this bank apart. It stated that no person could hold the office of president or be employed as cashier or teller unless they were capable of speaking and understanding the German language. (1) This article was not included when the articles were renewed in 1884.		While the articles of incorporation were similar to others of the period, one article set this bank apart. It stated that no person could hold the office of president or be employed as cashier or teller unless they were capable of speaking and understanding the German language. (2) This article was not included when the articles were renewed in 1884.

	[[Image:gsb.jpg\|left\|thumb\|250px\|Photo courtesy: Donna Ginter]]The hours of banking operation were set at 9:00 a.m.-8:00 p.m. Monday through Friday. On Saturday the bank was open from 9:00 a.m. until 5:00 p.m. The bank opened for business on November 20, 1864, at 57 Main Street. The 1873-74 ''Dubuque City Directory'' listed 60 Main.		[[Image:gsb.jpg\|left\|thumb\|250px\|Photo courtesy: Donna Ginter]]The hours of banking operation were set at 9:00 a.m.-8:00 p.m. Monday through Friday. On Saturday the bank was open from 9:00 a.m. until 5:00 p.m. The bank opened for business on November 20, 1864, at 57 Main Street. The 1873-74 ''Dubuque City Directory'' listed 60 Main.
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	[[Image:GB2.png\|right\|thumb\|250px\|]]		[[Image:GB2.png\|right\|thumb\|250px\|]]
	[[Image:GB1.png\|right\|thumb\|250px\|]]Banking operations were conducted on the first floor. Apartments were built on the upper two stories. The beautiful building did not, however, hide the fact that the bank had been growing more slowly than its competitors. In 1904 the articles of incorporation were renewed with the addition of an amendment that returned the bank to the status of a "savings bank." The institution was renamed the German Savings Bank. The articles also called for the establishment of a branch bank. On January 1, 1905 a north end branch of the bank was established at 18th and Couler (Central). (2)		[[Image:GB1.png\|right\|thumb\|250px\|]]Banking operations were conducted on the first floor. Apartments were built on the upper two stories. The beautiful building did not, however, hide the fact that the bank had been growing more slowly than its competitors. In 1904 the articles of incorporation were renewed with the addition of an amendment that returned the bank to the status of a "savings bank." The institution was renamed the German Savings Bank. The articles also called for the establishment of a branch bank. On January 1, 1905 a north end branch of the bank was established at 18th and Couler (Central). (3)

	The 18th Street and Couler Avenue branch of the German Savings Bank continued to grow in popularity. The board of directors of the bank met on October 14, 1911 and discussed the organization of a savings bank to replace the branch. This became the [[GERMAN AMERICAN SAVINGS BANK]].		The 18th Street and Couler Avenue branch of the German Savings Bank continued to grow in popularity. The board of directors of the bank met on October 14, 1911 and discussed the organization of a savings bank to replace the branch. This became the [[GERMAN AMERICAN SAVINGS BANK]].

	The outbreak of [[WORLD WAR I]] saw anti-German sentiment sweeping the United States. In Dubuque both the German Savings and German American Savings Bank felt that their business was endangered by the word "German" in their names. In 1918 the German Savings Bank was renamed the Pioneer Savings Bank and Trust Company. (3) One year later the name was changed to the Pioneer Trust and Savings Bank.		The outbreak of [[WORLD WAR I]] saw anti-German sentiment sweeping the United States. In Dubuque both the German Savings and German American Savings Bank felt that their business was endangered by the word "German" in their names. In 1918 the German Savings Bank was renamed the Pioneer Savings Bank and Trust Company. (4) One year later the name was changed to the Pioneer Trust and Savings Bank.

	The announcement that the Pioneer Trust and Savings had merged with the Consolidated National Bank came on November 9, 1926. On January 1, 1927, the business records and employees of Pioneer moved to the Consolidated bank offices at Main and Sixth Streets. Less than six years later Consolidated National closed its doors, a victim of the [[GREAT DEPRESSION]].		The announcement that the Pioneer Trust and Savings had merged with the Consolidated National Bank came on November 9, 1926. On January 1, 1927, the business records and employees of Pioneer moved to the Consolidated bank offices at Main and Sixth Streets. Less than six years later Consolidated National closed its doors, a victim of the [[GREAT DEPRESSION]].
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	The German Bank building became the home of taverns and restaurants including the [[NAVY CLUB (THE)]] and the [[SILVER DOLLAR]] owned and operated by [[GINTER, Donna\|Donna GINTER]]. In 2001 construction nearby on a parking ramp was blamed on cracks in walls in the German Bank and several other businesses. The presence of sub-basements used originally for storage may have contributed to the problem. The Building Services Department ordered the rear portions of buildings at 342, 36, 372, and 378 Main Street vacated forcing the businesses to temporarily close or relocate.		The German Bank building became the home of taverns and restaurants including the [[NAVY CLUB (THE)]] and the [[SILVER DOLLAR]] owned and operated by [[GINTER, Donna\|Donna GINTER]]. In 2001 construction nearby on a parking ramp was blamed on cracks in walls in the German Bank and several other businesses. The presence of sub-basements used originally for storage may have contributed to the problem. The Building Services Department ordered the rear portions of buildings at 342, 36, 372, and 378 Main Street vacated forcing the businesses to temporarily close or relocate.

	In 2007 city officials entered into a development agreement with the German Bank Building, LLLP, a building ownership group. The agreement required the developer to make a capital investment of $1.5 million in exchange for a $300,000 low-interest loan. The developers sold the property to James Madison, LLC in 2012. This shifted all the obligations including the development agreement to the new owners. The Mainstreet Steak and Chophouse opened at the site in 2013, but closed in early 2015. (4)		In 2007 city officials entered into a development agreement with the German Bank Building, LLLP, a building ownership group. The agreement required the developer to make a capital investment of $1.5 million in exchange for a $300,000 low-interest loan. The developers sold the property to James Madison, LLC in 2012. This shifted all the obligations including the development agreement to the new owners. The Mainstreet Steak and Chophouse opened at the site in 2013, but closed in early 2015. (5)

	In 2015 the City Council approved an inter-creditor agreement between the city and [[PREMIER BANK]] which would enable to bank to sell the German Bank Building as a result of the owners being in default of mortgages from the city and the bank. This was the first local instance of a business defaulting on a loan provided through the Downtown Rehabilitation Loan Program. Seventeen successful projects had occurred in the last two decades with nine more planned through 2026. The agreement would allow the city to recoup some of the outstanding balance of a $300,000 loan. The city, however, was still likely to lose nearly $100,000.(5)		In 2015 the City Council approved an inter-creditor agreement between the city and [[PREMIER BANK]] which would enable to bank to sell the German Bank Building as a result of the owners being in default of mortgages from the city and the bank. This was the first local instance of a business defaulting on a loan provided through the Downtown Rehabilitation Loan Program. Seventeen successful projects had occurred in the last two decades with nine more planned through 2026. The agreement would allow the city to recoup some of the outstanding balance of a $300,000 loan. The city, however, was still likely to lose nearly $100,000.(6)

	[[Image:exterior.jpg\|left\|thumb\|250px\|The removal of the fire escape when the top floors were no longer rented allowed more of the Renaissance Revival architecture to be visible. Photo courtesy: Donna Ginter]]		[[Image:exterior.jpg\|left\|thumb\|250px\|The removal of the fire escape when the top floors were no longer rented allowed more of the Renaissance Revival architecture to be visible. Photo courtesy: Donna Ginter]]
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	Source:		Source:

	1~~. Bragg, Mary Rae~~. "German ~~Bank Not Just Another Pretty Facade~~," ''~~Telegraph~~ Herald'', ~~January 22~~, ~~2001~~, p. 1. Online: ~~http~~://news.google.com/newspapers?id=~~OANaAAAAIBAJ~~&~~sjid~~=~~UEsNAAAAIBAJ&pg=3171,4166938~~&dq=~~history+of+german+bank+dubuque~~&hl=en		1. "German Banking House," ''Dubuque Democratic Herald'', October 14, 1864, p. 4. Online: https://news.google.com/newspapers?nid=A36e8EsbUSoC&dat=18641014&printsec=frontpage&hl=en

	2. U. S. ~~Bank Profiles~~. Online: http://~~www~~.~~bankencyclopedia~~.com/~~American-Trust-Savings-Bank-13150-Dubuque-Iowa.html#ovHistory~~		2. Bragg, Mary Rae. "German Bank Not Just Another Pretty Facade," ''Telegraph Herald'', January 22, 2001, p. 1. Online: http://news.google.com/newspapers?id=OANaAAAAIBAJ&sjid=UEsNAAAAIBAJ&pg=3171,4166938&dq=history+of+german+bank+dubuque&hl=en

	3. ~~Cooper, Brian~~. ~~"Reconfiguring Words: Why?," ''Telegraph Herald'', May 18, 2003, p~~. 3. Online: http://~~news~~.~~google~~.com/~~newspapers?id=nsRFAAAAIBAJ&sjid=470MAAAAIBAJ&pg=6490,3464523&dq=german+savings+bank+history+dubuque&hl=en~~		3. U. S. Bank Profiles. Online: http://www.bankencyclopedia.com/American-Trust-Savings-Bank-13150-Dubuque-Iowa.html#ovHistory

	4. ~~Montgomery~~, ~~Jeff~~. "~~City Program Faces 1st Default of Business Loan in 19 Years~~," ''Telegraph Herald'', ~~April 16~~, ~~1915~~, p. 1		4. Cooper, Brian. "Reconfiguring Words: Why?," ''Telegraph Herald'', May 18, 2003, p. 3. Online: http://news.google.com/newspapers?id=nsRFAAAAIBAJ&sjid=470MAAAAIBAJ&pg=6490,3464523&dq=german+savings+bank+history+dubuque&hl=en

	5. Ibid. p. 2A		5. Montgomery, Jeff. "City Program Faces 1st Default of Business Loan in 19 Years," ''Telegraph Herald'', April 16, 1915, p. 1

			6. Ibid. p. 2A

	Interview with Donna Ginter November 1, 2010		Interview with Donna Ginter November 1, 2010

← Older revision		Revision as of 18:02, 23 November 2016
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	German Bank underwent great change in leadership in 1890, and the next year it joined the [[DUBUQUE CLEARING HOUSE ASSOCIATION]], a local bank organization that established rules for the operations of member banks. Among the new directors of the bank was [[SCHRUP, Nicholas J. Sr.\|Nicholas J. SCHRUP, Sr.]]		German Bank underwent great change in leadership in 1890, and the next year it joined the [[DUBUQUE CLEARING HOUSE ASSOCIATION]], a local bank organization that established rules for the operations of member banks. Among the new directors of the bank was [[SCHRUP, Nicholas J. Sr.\|Nicholas J. SCHRUP, Sr.]]

	~~[[Image:GB2.png\|right\|thumb\|250px\|]]~~
	[[Image:GB1.png\|right\|thumb\|250px\|]]Banking operations were conducted on the first floor. Apartments were built on the upper two stories. The beautiful building did not, however, hide the fact that the bank had been growing more slowly than its competitors. In 1904 the articles of incorporation were renewed with the addition of an amendment that returned the bank to the status of a "savings bank." The institution was renamed the German Savings Bank. The articles also called for the establishment of a branch bank. On January 1, 1905 a north end branch of the bank was established at 18th and Couler (Central). (3)		[[Image:GB1.png\|right\|thumb\|250px\|]]Banking operations were conducted on the first floor. Apartments were built on the upper two stories. The beautiful building did not, however, hide the fact that the bank had been growing more slowly than its competitors. In 1904 the articles of incorporation were renewed with the addition of an amendment that returned the bank to the status of a "savings bank." The institution was renamed the German Savings Bank. The articles also called for the establishment of a branch bank. On January 1, 1905 a north end branch of the bank was established at 18th and Couler (Central). (3)