Solvent Savings Bank and Trust

[3] M. L. Clay helped found the bank and served as its vice president.

[4] Other officers included: Josiah T. Settle, Bert Roddy, T. H. Hayes, and J. W. Sanford.

[5] Solvent merged with Fraternal Savings Bank and Trust in October 1927.

The bank's cash reserves were depleted two months later when customers withdrew monies for Christmas.

There was then a run on the bank, which caused it to become bankrupt and close, and 28,000 depositors to lose 90% of their savings.