Encyclopedia Dubuque
"Encyclopedia Dubuque is the online authority for all things Dubuque, written by the people who know the city best.”
Marshall Cohen—researcher and producer, CNN
Affiliated with the Local History Network of the State Historical Society of Iowa, and the Iowa Museum Association.
GERMAN AMERICAN SAVINGS BANK
GERMAN AMERICAN SAVINGS BANK. Chartered by the State of Iowa on December 27, 1911. Nicholas J. SCHRUP Sr. and a group of local businessmen founded the bank after observing the success of the subsidiary office of the GERMAN SAVINGS BANK at 18th and Couler (now Central) Avenue.
The German American Savings Bank opened for business in January 1912. Its board of directors included Schrup; Charles Christman, a retired merchant; W. S. Dennis, a flour manufacturer; M. J. McCullough, a real estate and insurance broker; Henry Michel, an attorney; Charles Sass, a banker; and Charles Joseph SPAHN, Sr. , a lumberman.
Anti-German feeling in the nation following the United States' entry into World War I led the bank to change its name. On August 1, 1918, the German American Savings Bank was issued a new charter under the name of the AMERICAN TRUST AND SAVINGS BANK.