Founded in 1902 by John Mitchell, Jr., Mechanics Savings Bank was a bank in the Jackson Ward neighborhood of Richmond, Virginia. Mitchell, who was an African American, also owned and edited the Richmond Planet. In 1905 the bank bought a three-story brick building at No. 310 East Broad Street.[1] The bank's Clay Street and Third building was designed by architect Carl Ruehrmund[2] and constructed in 1910.[3] The bank was the chief depository of the Knights of Pythias. At the time of its failure in 1922, the bank had deposits totaling approximately $500,000.[4] In 1930, the Clay Street Building was purchased by the Southern Aid and Insurance Company.[2]
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References edit
- ^ "Mechanics Savings Bank Buys More Broad Street Property · Black Virginia: The Richmond Planet, 1894-1909". Blackvirginia.richmond.edu. Retrieved 14 January 2018.
- ^ a b "Jackson Ward Podcast" (PDF). National Park Service. Retrieved 2022-10-08.
- ^ "Mechanics Savings Bank". Lva.virginia.gov. Retrieved 14 January 2018.
- ^ Hoffman, Steven (2017). Race, Class and Power in the Building of Richmond, 1870-1920. p. 156.
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