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
Eaton County is a county in the U.S. state of Michigan. As of the 2020 United States Census, the population was 109,175. The county seat is Charlotte. The county was organized in 1837 and was named for John Eaton, who was Secretary of War under ...
.
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.
[ ] 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.
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
Property law is the area of law that governs the various forms of ownership in real property (land) and personal property. Property refers to legally protected claims to resources, such as land and personal property, including intellectual prope ...
governed by the Uniform Trust Receipts Act (UTRA).
In 1974, the bank opened a branch in
Holt, Michigan
Holt is an unincorporated community and census-designated place (CDP) in Ingham County in the U.S. state of Michigan. The CDP is located within Delhi Charter Township and occupies a majority of the township. The population was 25,625 at the 202 ...
.
The founder's grandson,
Rollin Dart
Rollin Bashford Dart (December 2, 1925 – May 5, 2016) was an American banker.
Family
Dart was the grandson of Rollin Charles "RC" Dart, who founded Dart National Bank in 1925. He was the son of Doc Campbell Dart, who was chief executive office ...
, 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.
In 1999, Ronald Rhoades became president and chief executive officer of the bank.[
In April 2005, Dart opened a branch in ]Grand Ledge, Michigan
Grand Ledge is a city in the U.S. state of Michigan. The city lies mostly within Eaton County, though a small portion extends into Clinton County to the north. The city sits above the Grand River 12.7 miles (20.4 kilometers) west of downtown Lan ...
.[
Effective March 1, 2007, after the retirement of Ronald Rhodes, Peter Kubacki became the bank’s fifth president and chief executive officer.][
]
References
{{Reflist, 1
Banks based in Michigan
Ingham County, Michigan
Eaton County, Michigan
Economy of Lansing, Michigan
Banks established in 1925
1925 establishments in Michigan
Privately held companies based in Michigan