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
Mutual savings bank was deregulated, thousands of mutual savings banks have been converted into stock ownership companies, raising more than $40 billion. In 2010, only about 600 remained. These conversions have often resulted in large financial rewards for top bank executives. Current mutual saving banks include Eastern Bank, Dollar Bank, Ridgewood Savings Bank, Middlesex Savings Bank, and Liberty Bank. Beginning in the 1980s, several building societies in Australia converted to banks but were required to demutualise when doing so. These included Advance Bank (formerly NSW Building Society), St.George, Suncorp, Metway Bank, Challenge Bank, Bank of Melbourne and Bendigo Bank. A change in regulation