Mechanics Savings Bank
Founded in 1902 by John Mitchell, Jr., Mechanics Savings Bank was a bank in the Jackson Ward neighborhood of Richmond, Virginia. Mitchell, who was an African American, also owned and edited the Richmond Planet. In 1905 the bank bought a three-story brick building at No. 310 East Broad Street.[1] The bank's Clay Street and Third building was designed by architect Carl Ruehrmund[2] and constructed in 1910.[3] The bank was the chief depository of the Knights of Pythias. At the time of its failure in 1922, the bank had deposits totaling approximately $500,000.[4] In 1930, the Clay Street Building was purchased by the Southern Aid and Insurance Company.[5]
References[]
- ^ "Mechanics Savings Bank Buys More Broad Street Property · Black Virginia: The Richmond Planet, 1894-1909". Blackvirginia.richmond.edu. Retrieved 14 January 2018.
- ^ https://www.nps.gov/mawa/learn/photosmultimedia/upload/Jackson-Ward-Podcast-transcription.pdf[bare URL PDF]
- ^ "Mechanics Savings Bank". Lva.virginia.gov. Retrieved 14 January 2018.
- ^ Hoffman, Steven (2017). Race, Class and Power in the Building of Richmond, 1870-1920. p. 156.
- ^ https://www.nps.gov/mawa/learn/photosmultimedia/upload/Jackson-Ward-Podcast-transcription.pdf[bare URL PDF]
Categories:
- Banks based in Virginia
- Banks established in 1902
- 1902 establishments in Virginia
- 1922 disestablishments in Virginia
- Companies based in Richmond, Virginia
- United States bank stubs