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Catalog Number 11055-2933
Title Bank, Omaha Loan and Building Association
Object Name Bank, Still
Description A little bank from the Omaha Loan and Building Association. It has a tin top and bottom. It is oval shaped with a little opening on top to put money in it. It has words on the back and sides. The name is on front.
Date 1887-1910
Year Range from 1887
Year Range to 1910
Material tin, cardboard
Used USA: Nebraska (Douglas), Omaha
Height (in) 20
Width (in) 2.25
Depth (in) 1.25
Search Terms Omaha Loan and Building Association
History Omaha Loan and Building Association was incorporated in 1887. The business was first the South Omaha Loan and Building Association. It was a mutual (depositor-owned) savings association. For those who subscribed for five shares (at $200 per share), they had voting privileges. Customers paid for their shares through a regular savings plan. They were fined if they missed a monthly payment. Once payments and interest reached $200 a share, the customer could exchange the shares for $1,000. A customer whose payments had reached one-quarter to one-third of the value of the shares could pledge them for a mortgage on a $2,000 home.

By 1910, the association established an office in downtown Omaha and changed its name to the Commercial Savings and Loan Association.

Credit line Nebraska State Historical Society Permanent Collection
Collection Nebraska State Historical Society Permanent Collection