This photograph shows the east side of the townsquare in Redding, Iowa. The Union Savings Bank located on the street corner was created in 1908 when two banks, the Peoples Bank and the Redding Bank, merged together. In 1920, a group of robbers entered the bank at night and broke into its vault. The bank was later destroyed by a fire in 1923, and another business took its place. The Union Savings Bank closed in 1930 due to the effects of the stock market crash of 1929. Content can be used with the following standards: SS-Econ. 9-12.24 Iowa Impact Upon Economy in a lesson on Iowan town businesses during the early 1900s. For any use other than instructional resources, please check with the organization that owns this item regarding copyright restrictions.
2018.021.074 [Bank]
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Ownership of this resource is held by the Mount Ayr Depot Museum and has been provided here for educational purposes only, specifically for use in the Iowa Museum Association's "Teaching Iowa History" project. It may not be downloaded, reproduced or distributed in any format without written permission from the Rights Holder. For information on U.S. and International copyright laws, consult an attorney.