Samuel P. Cox William Thornton Kemper, Sr. who went on to found two of the largest banks headquartered in Missouri (Commerce Bancshares and UMB Financial Corporation). Cox's business relationship with Kemper only lasted one year, dissolving in 1866. When Cox had first joined the Missouri Militia, his commanding officer was James H.B. McFerran who would found the Daviess County Savings Association. On December 7, 1869, two men (reported to be Frank and Jesse James) robbed the Daviess County Savings Association Bank and in the process shot the cashier John W. Sheets in the head and heart. Although there was $700 in the bank
Savings bank the "New Student's Reference Work" said of the origins: Nowadays, European savings banks have kept their focus on retail banking: payments, savings products, credits and insurances for individuals or small and medium-sized enterprises. Apart from this retail focus, they also differ from commercial banks by their broadly decentralised distribution network, providing local and regional outreach. Savings bank A savings bank is a financial institution whose primary purpose is accepting savings deposits and paying interest on those deposits. They originated in Europe during the 18th century with the aim of providing access to savings products to all levels in the population.