Dart National Bank

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The Dart Bank
FormerlyThe Dart National Bank of Mason (1925–1998)
Company typePrivately held company
IndustryBanking
FoundedMay 1, 1925; 98 years ago (May 1, 1925)
HeadquartersMason, Michigan
Key people
Total assets
  • IncreaseUS$433 million (2018)
  • US$397 million (2017)
Total equityUS$36 million (2017)
Websitewww.dartbank.com
Footnotes / references
[1][2]

The Dart Bank is a private bank headquartered in Mason, Michigan. The bank has 4 branches, all of which are in Ingham County or Eaton County.

History

The bank was founded on May 1, 1925, by Rollin Charles "RC" Dart and his son, Doc Campbell Dart, as The Dart National Bank of Mason.[1] RC was president of the bank until his death in 1943. Doc Campbell Dart then became president and chief executive officer of the bank until his death in 1960.[2]

In 1937, the bank acquired First State Savings Bank.

Two court cases involving Dart, in 1959 and 1962, helped to clarify and establish precedent in a segment of personal property law governed by the Uniform Trust Receipts Act (UTRA).[3]

In 1974, the bank opened a branch in Holt, Michigan.[4]

The founder's grandson, Rollin Dart, was chairman from 1962 to 2005, and president from 1962 to 1999. During Rollin’s tenure, the bank's assets increased from $8 million to $180 million.[4][5]

In 1999, Ronald Rhoades became president and chief executive officer of the bank.[4]

In April 2005, Dart opened a branch in Grand Ledge, Michigan.[4]

Effective March 1, 2007, after the retirement of Ronald Rhodes, Peter Kubacki became the bank’s fifth president and chief executive officer.[4]

References

  1. ^ a b "FDIC Bank Info: The Dart Bank (FDIC # 5033)". bankfind. Federal Deposit Insurance Corporation. September 30, 2018. Archived from the original on December 4, 2018. Retrieved December 3, 2018. information The referenced page has 5 tabbed sections: Locations, History, Identifications, Financials (which has a link to 'more Financials'), Other Names / Websites.
  2. ^ a b Smith, Curt (April 27, 2015). "Dart Bank celebrating 90 years in business". Lansing State Journal. Gannett. Retrieved December 3, 2018.
  3. ^ Gilmore, Grant (1999) [1965 (1999 publication was post-humous, and the referenced volume here was the 5th printing, in 2007)]. Security Interests in Personal Property. Vol. 1. Union, New Jersey: The Lawbook Exchange. p. 726. ISBN 9781886363816 – via Google Books.
  4. ^ a b c d e Ingham County Board of Commissioners (May 19, 2015). "15-184" (.doc Microsoft Word). Ingham County Board of Commissioners. Retrieved December 3, 2018.
  5. ^ Smith, Curt (May 6, 2016). "Rollin Dart, leader of Dart Bank for 37 years, dies at 90". Lansing State Journal. Gannett. Retrieved December 3, 2018.
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