Dukes County Savings Bank

2007

November 8, 2007
Marthas Vineyard Savings Bank

Two Vineyard Banks Become One Beginning Tuesday

Martha's Vineyard Bank
Martha's Vineyard Cooperative Bank
Dukes County Savings Bank

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.

1991

June 11, 1991

Banks Make Trust Move

Paula Delbonis
MV Bank History
Dukes County Savings Bank
Martha's Vineyard National Bank
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.
 

1987

March 27, 1987

Bank Robbery Ends in Wild Chase

Elaine Lembo, Mark Alan Lovewell
Bank robbery
Dukes County Savings Bank

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.

1971

April 16, 1971

Savings Bank Now Has Assets Over $10-Million

Vineyard Gazette
MV Bank History
Dukes County Savings Bank
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.
 

1957

September 13, 1957

School Savings Plan

Vineyard Gazette
MV Bank History
Education
Dukes County Savings Bank
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.
 

1955

April 22, 1955

Savings Bank Abloom on Its Opening Day

Vineyard Gazette
MV Bank History
Dukes County Savings Bank
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.
 

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