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
Provident Institution for Savings in the Town of Boston Provident Institution for Savings in the Town of Boston The Provident Institution for Savings (est.1816) in Boston, Massachusetts, was the first chartered savings bank in the United States. James Savage and others founded the bank on the belief that "savings banks would enable the less fortunate classes of society to better themselves in a manner which would avoid the dangers of moral corruption traditionally associated with outright charitable institutions." "The leading citizens of Boston ... felt that participation in the administration of the savings banks in their [city] was an integral part of their civic duties." Led by Savage, founders