Oceana County MI Archives History - Books .....Oceana County Bank 1882
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Jan Cortez http://www.genrecords.net/emailregistry/vols/00020.html#0004939 December 17, 2008, 6:23 pm

Book Title: HISTORY OF OCEANA CO., CHICAGO, H.R. PAGE & COMPANY, 1882

This bank was established by Gray Brothers & Co., in 1870, the company 
consisting of Gray Brothers, and Messrs. Rice and Ambler.  In the Spring of 
1872, S. A. Browne & Co. were added to the company, J. G. Gray retired, and 
the institution received the name of Oceana County Bank, which it retained 
until 1877, when Nielsen & Co. (F. Nielsen and W. E. Ambler) assumed the 
entire control, and still operate it.  Capital stock, $15,000, and outside 
capital $30,000.  the bank i 1873, sustained losses by the Franklin Bank, of 
Chicago, and Henry Clews & Co., New York, which, though crippling, did not 
cause it to close its doors, and it paid all demands.  The present firm have 
raised the institution from a low ebb to a very enviable state.  The building 
is a very fine one, and elegantly appointed.  The foundation of the large 
vault is of stone, and the walls are of solid brick, sixteen to twenty inches 
in thickness, while the safe, of Hall make, wwighs five tons, and is of extra 
thickness and strength, with a time lock, having three combinations.

Additional Comments:
HISTORY OF OCEANA CO., CHICAGO, H.R. PAGE & COMPANY, 1882


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