Dukes County Savings Bank
Dukes County Savings Bank
November 8, 2007
Two Vineyard Banks Become One Beginning Tuesday
The newly created Martha’s Vineyard Savings Bank will officially open for business following Veterans Day weekend, as a result of the merger of the Martha’s Vineyard Cooperative Bank and Dukes County Savings Bank.
June 11, 1991
Banks Make Trust Move
The Dukes County Savings Bank has opened a trust department in North Tisbury, restoring local trust services to the Vineyard.
The Martha’s Vineyard National Bank sold its trust department in March, effectively shutting the Island’s only trust department.
“We think this is a service that should remain on Martha’s Vineyard,” Edward Mayhew, president of the Dukes County Savings Bank, said this week.
March 27, 1987
Bank Robbery Ends in Wild Chase
A $3, 380 bank robbery in Edgartown Tuesday morning led to a high-speed chase and a bizarre showdown in the woods near county airport runways between police with guns drawn and a man firing arrows from a high-powered bow.
The man, later identified as 35-year-old William E. Sweeney of Tisbury, was quickly arrested after tense moments during which police say they almost opened fire.
April 16, 1971
Savings Bank Now Has Assets Over $10-Million
For the first time in its 16 year history, the Dukes County Savings Bank has reported assets over $10-million.
Bank President, John W. Osborn, announced Tuesday afternoon at the regular quarterly meeting of the trustees, that deposits had increased $500,000 since January 15 and now total $9,158,000, which is also a record high. New mortgages added during the quarter totaled $9,158,000, which is also a record high. New mortgages added during the quarter totaled $559,000.
September 13, 1957
School Savings Plan
With the approval and cooperation of the superintendent of schools, the principals and faculty, the Dukes County Savings Bank has instituted a school savings plan design to encourage thrift by regular savings. The teachers are provided with signature cards, the first step toward opening an account, and a deposit envelope for the first deposit. At least five cents is required. The bank will issue pass books in the name of all students.
April 22, 1955
Savings Bank Abloom on Its Opening Day
The opening of the new Dukes County Savings Bank last Friday proved to be an event on a national scale. From all the country over came letters and telegrams of congratulation and encouragement extended by other mutual savings banks, and the new banking house opposite the courthouse was abloom with no fewer than twenty-seven baskets or sprays of flowers, all gorgeous.
December 17, 1954
D.A.R. Building for the Savings Bank Home
With a virtually unanimous vote by the Martha’s Vineyard Chapter, D.A.R., to make the D.A.R. historical building opposite the courthouse at Edgartown available as a home for the Dukes County Savings Bank, the question of a location for the bank seemed fairly well settled this week. The choice must be approved by the incorporators of the new bank at the formal organization meeting to be held early in January.
