| Industry | Banking |
|---|---|
| Fate | merged |
| Successor | Union Industrial Trust & Savings Bank |
| Founded | 1893 |
| Defunct | 1929 |
| Headquarters | Flint, Michigan, United States |
Union Trust and Savings Bank was a bank that served the City of Flint, Michigan. It was established in 1893 primarily by Ira H. Wilder. Wilder was convinced by a number of wealthy men to resign as a national bank examiner to start the bank with them. Among the initial board of director were two Mayors of the City of Flint, Michigan: Mathew Davison and William A. Paterson. Paterson was also a carriage and later car manufacturer. James Hurley was a director and is known for his bequest towards the foundation of the City's Hurley Hospital. The first president was Charles T. Bridgman with Wilder as cashier. Davison succeeded Wilder as bank cashier. Later, George H. Durand and William F. Stewart joined the Board of Directors. By 1916, Paterson and W. H. Edwards were appointed Vice-Presidents and Davison, Chairman of the Board. Additional in 1916, L. H. Bridgman was cashier and J. E. Storer was his assistant cashier.[1]
Several employees, including a senior vice president and two vice presidents, were caught in 1929 embezzling $3.5 million from the bank.[2] On May 1, 1929, the Bank merged with Industrial Savings Bank to become Union Industrial Trust & Savings Bank.[3]