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Jewett City Savings Bank

News & Updates

150th Throwback – The First Deposit

It was on this day, June 23, 1873, when the first depositor, Miss. Mary L. Brown of Jewett City, made her first deposit of $100, in the first Depositor’s Book issued by Jewett City Savings Bank. In today’s dollars, her $100 equates to $2,500!

It is believed that bankers first started distributing depositors’ books or passbooks to customers sometime in the 18th century as a way for individuals to keep track of their own account credits and debits. Previously, customers could only view their account activity by requesting access to leather-bound ledgers maintained by bankers. The term “passbook” refers to the way bankers and customers passed the book back and forth for updating.

While passbooks have declined in usage, the need for customers to be able to access their accounts and monitor activity has become more important than ever!

Have an old Jewett City Savings Bank depositor book or passbook?

Share it with us!

Your Life. Your Bank.

 Use our information request form, visit any of our offices, or give us a call at 860-376-4444 and find out how Jewett City Savings Bank can help you.

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