Society Corporation.
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Society Corporation.
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Society Corporation.
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Biographical History
Ohio's first registered bank holding company, formed in 1958 when the Society for Savings (founded in 1849 as a mutual savings bank) was merged into Society National Bank (a stock bank organized in 1956 to provide commercial banking services as a subsidiary of Society for Savings). Myron T. Herrick was president of Society for Savings from 1894-1905 and 1908-1921. A pioneer in issuing term and capital loans during the Depression, Society was also a leader in marketing and promotional methods for attracting new depositors. The unprecedented unification of Society for Savings and Society National Bank in 1958 was orchestrated by president Mervin B. France. Litigation regarding the merger was not settled until 1962. By 1989, Society Corporation had affiliates in four regions of Ohio and controlled assets of over $9 billion. Its most formidable acquisition was that of Centran Corporation in 1985, itself a regional multi-bank holding company.
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Subjects
Bank accounts
Bank buildings
Bankers
Bank holding companies
Bank loans
Bank management
Bank marketing
Bank mergers
Banks and banking
Banks and banking
Financial institution
Financial services industry
Savings banks
School savings banks
World War, 1914-1918
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Occupations
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Places
Ohio--Cleveland
as recorded (not vetted)
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Ohio
as recorded (not vetted)
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