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Ramrock Savings Bank
The bank was founded by a
group led by Mr. Rogers of the Rogers, Heart, and
Feld Reality Company in 1920. Mr. Rodgers was
one of Ramrock's most prominent citizens, well known
for his support of local activities in all the
neighborhoods of the town.
The bank was originally a Building and Loan
Association which sold shares to local
residents. Shareholders could then apply for
loans as funds accumulated at the association. To
secure these loans, mortgages were placed on
shareholders homes.
After Federal laws changed as the result of the
great depression the system changed to the pass book
system of today. The Ramrock Savings Bank still
continues its mission of providing home financing
for residents of Ramford County today.
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