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 State Savings Bank - Butte, MT Posted by:  T0SHEA
N 46° 00.768 W 112° 32.134
12T E 381125 N 5096615
When built, the Metals Bank, financed by Augustus Heinze, one of the four "Copper Kings" of Butte, was the tallest building in Butte, remaining so for many years.
Waymark Code: WMXQ56
Location: Montana, United States
Date Posted: 02/11/2018
Views: 0
No longer a bank, the building today offers just one of the many unique opportunities one will find in Butte for an experience one is unlikely to find anywhere else. In this case it is the opportunity to dine inside a huge bank vault, the 64,000 pound door of which remains in place, in case one wishes total privacy while dining.
The Metals Bank, designed by nationally prominent architect Cass Gilbert, and symbol of the financial prowess of Butte-Anaconda's copper empire, wasn't actually the Metals Bank at the time of its construction, but the State Savings Bank, which it remained for quite a few years before being rebranded The Metals Bank. Following is a newspaper ad placed on Page 5 of the December 21, 1906 issue of Helena's Montana Plaindealer while the bank was under construction.
THE STATE SAVINGS BANK
The Montana Plaindealer, Helena, MT December 21, 1906
If the advice of the great Tuskegee prophet, Booker T. Washington, is to be taken heed of, there is no better or safer way to start a bank account than to start one the very first of 1907 with the State Savings Bank. It is one of the soundest financial concerns in the entire County, and the management is in entire sympathy with the betterment of the material uplift and progress of our people. Do it RIGHT Now. If you have not, START A BANK ACCOUNT AT ONCE.
The paid-up capital of the bank is $300,000. Surplus fund $300,000. Undivided profits, less expenses and taxes, $220,560.76. Total resources $5,442,534.64. Its officers and directors are old residents of Butte, identified for years with her important business interests, and are known throughout the Northwest as able financiers and business men of high reputation, M. S Largey, president; C. R. Leonard, vice-president; E. P. Chapin, vice-president and R. B. Nuckolls, cashier. These gentlemen, together with F. Augustus Heinze, E. D. Leavitt, T. M. Hodgens. F. Hickey and John H. Curtis Jr. comprise the directorate. Mr. Chapin, the vice-president and manager of the bank, was for a number of years Chairman of the Board of Commissioners of banks and trust companies of the State of Massachusetts, the aggregate deposits of which were over $800,000,000, covering 186 Institutions.
The bank is now erecting a fine eight-story structure at Park and Main Streets, which, when completed, will be one of the most magnificent office buildings in the Northwest, and a handsome ornament to the city. The ground floor of the building will be occupied by the bank, and it will be equipped and provided with all the most modern improvements for the transacting of their large business.
From The Montana Plaindealer
Type of publication: Newspaper
When was the article reported?: 12/21/1906
Publication: The Montana Plaindealer
Article Url: [Web Link]
Is Registration Required?: no
How widespread was the article reported?: regional
News Category: Business/Finance
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