Tag Archives: Saugatuck Bank

Friday Flashback #479

This is quickly becoming a cashless society.

Checks too are going the way of the landline and printed newspaper. (And soon, the penny.)

It’s so easy to just tap (or click), and pay.

Bills are grubby. Checks are messy.

But that was not always the case. Look at this handsome relic, from 1853:

(Courtesy of Axl Aparicio)

There’s some great detail here. The paper was sturdy.

And $2 — well, that was real money back then.

Meanwhile, about that Saugatuck Bank: In 1852, Horace Staples — owner of a lumber and hardware business, silk and axe factories, shipping vessels and a thriving pier — founded it.

Two years later he moved it to National Hall — his new building a couple of miles upriver, just across the bridge from a small downtown area overshadowed by the far more dynamic Saugatuck section of Westport.

Eventually, Saugatuck Bank became Westport Bank & Trust (“A hometown bank, in a town of homes”).

It outgrew National Hall — which turned into Fairfield Furniture — and relocated to a pie-slice-shaped building nearby, where Church Lane feeds into the Post Road.

Most recently, that was Patagonia. Soon, it becomes an office for Compass, the real estate firm.

Which sells homes for a lot more than $2.

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You Can Bank On These

Marty Sagendorf grew up in Westport. His family lived here — first on Richmondville, then Washington Avenue — from 1949 to ’75. His father, Bud, drew Popeye for newspapers and comic books.

The other day, while looking through some of his dad’s collections, Martin found bank stock certificates, deposit slips and checks — from the mid-1800s.

A Saugatuck Bank stock certificate, for $100, from 1855.

A Saugatuck Bank stock certificate for $100, from 1855.

They look a lot more serious — and confidence-inspiring — than the flimsy deposit slips and rainbow-colored, cat-festooned checks we use today.

Saugatuck Bank deposit slip for $25, from 1856.

A Saugatuck Bank deposit slip for $25, from 1856.

The names of the financial institutions — Saugatuck Bank, 1st National Bank of Westport — draw us back to a time when bank presidents (with names like Horace Staples) were pillars of the community.

When you secured a loan with a handshake.

And when — to use Westport Bank & Trust’s slogan — our town was filled with hometown banks, in a town of homes.

A $125 bank check, from First National Bank of Westport to Fourth National Bank of New York.

A $125 bank check, from First National Bank of Westport to Fourth National Bank of New York.

What’s in your wallet?

Or attic.