About Superior National Bank
In 1890 when the Quincy Mine opened in Hancock, Michigan, local banking focused only on serving commercial banking customers. Seeing a need to serve everyday people, a group of local businessmen led by Charles Wright, opened Superior Savings Bank on April 1, 1890. Their first location was in the back of a jewelry store.
They grew on, and with a capital investment of $150,000, established the Superior Trust Company in 1902. This opened up new investment opportunities for bankers at a time when brokerage houses were getting the bulk of their business in copper stocks. When Calumet & Hecla Mining Company stock hit $1,000 a share, the financial world looked on in awe… Continue reading about Superior National Bank here.
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