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.

 

Boston, March 25 - That the Martha’s Vineyard Co-operative bank, which heretofore has been a popular proposition on the Island, will soon become a certainty, and that the bank will be ready for business on the second Wednesday of April in the rooms of the Martha’s Vineyard National Bank at Tisbury, was the information given out this forenoon at the conclusion of the hearing which was held before the board of bank incorporators at Boston.

 

A national bank building, which, so far as its architectural design goes, is unique among banks, is that just opened in Vineyard Haven as the home of the Martha’s Vineyard National Bank. This institution, started in Edgartown 50 years ago, has enjoyed a prosperous existence up to the present time.