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Encyclopedia of Cleveland History

AMERICAN SAVINGS BANK

AMERICAN SAVINGS BANK

The AMERICAN SAVINGS BANK, begun as the German-American Savings Bank to meet the needs of produce merchants, was incorporated in 1887 with offices at 220 Ontario St. Later, when the bank expanded into commercial fields, it retained much of its original trade and became noted for its large dividends to stockholders. The American Savings Bank, which dropped German from its name during World War I, withstood panics, 2 world wars, the Depression, and major inventory adjustments during its 68-year history before becoming part of the Union Commerce Bank (Huntington) in 1955. At the time of the merger, the bank was located at 828 Huron Rd.