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 of savings bank trustees, managers, and directors as opportunities to teach the working class the virtues of thrift, and self-reliance by allowing them the security to save their money. The first incorporated US mutual savings bank was the Provident Institution for Savings, in Boston. Its 1816 charter was the first government legislation in the world to safeguard savings banks. In 2015, the oldest (and largest) mutual bank in the U.S. is Eastern Bank of Boston, with approximately $10 billion in assets. It was chartered in 1818 in Salem, Massachusetts as the Salem Savings Bank. Since the 1970s, when the industry