The savings and trust names — carried at their carriers' strength

Documented 1921 – 1932

Three names, not one: Mishawaka's savings-side record carries three similar names in a dozen years, and this section prints them as three, because the record reached does not prove them one. First: the First Trust & Savings Bank of Mishawaka, advertising in the South Bend News-Times of 7 October 1921 as "in the same building and under the same management as the First National Bank" — the national bank's companion trust company, the period's ordinary pairing. Second: a Mishawaka Trust and Savings Company, advertising in the same newspaper in the same season (interest from 1 October), under its own name with no stated relation to the First National. Third: the Mishawaka-St. Joseph Loan & Trust Company, the name the Federal Reserve's record gives the institution wound up by assumption on 19 September 1932. Whether the second name is the first renamed, and whether the third is either of them continued, is not established in the record reached; the names are printed exactly as their carriers print them, and the settling sources are the Indiana Department of Financial Institutions' incorporation records and the Mishawaka city directories of the 1920s, which list bank officers year by year.

What is documented: The savings side's documented acts are these. In 1921 two savings institutions were soliciting Mishawaka deposits in the same newspaper in the same week. In September 1932 a Mishawaka loan and trust company's depositors were made whole by assumption rather than paid out of a receivership — its $100,000 of savings deposits to South Bend's St. Joseph Loan & Trust Company and its commercial deposits to the First National Bank of Mishawaka, on the Federal Reserve Board's own record (carried in full in the First National entry above). And on the Federal Reserve Bank of Chicago's licensed list of 30 June 1935, no Mishawaka trust or savings institution stands — the city's licensed member banks were the First National and the West End State Bank alone. The savings side of Mishawaka banking thus runs: documented in 1921, resolved in 1932, and absent from the survivors' roster of 1935. Anything beyond that — founding dates, officers, a merger among the three names — waits on the directory and state records named above.

Sources:

1. South Bend News-Times, 7 October 1921 — the First Trust & Savings Bank of Mishawaka's advertisement ("in the same building and under the same management as the First National Bank") and the Mishawaka Trust and Savings Company's advertisement in the same season.
2. Federal Reserve Board, mimeographed letters, week ended 7 October 1932 (FRASER) — the Mishawaka-St. Joseph Loan & Trust Co. assumption of 19 September 1932.
3. Federal Reserve Bank of Chicago, licensed banks list No. 21 (30 June 1935, supplements to February 1937) — the survivors' roster, carrying no Mishawaka trust or savings institution.