Central Savings Bank

On December 2, 1902, a Certificate of Authority to Commence Business was issued, along with 500 stock certificates to our 18 original Central Savings Bank shareholders. In June of 1904, CSB merged with Chippewa County Savings Bank and business continued at our Ashmun Street location in Sault Ste. Marie.In 1908, CSB’s financial statement declared a total capital of $100,000, with assets totaling $345,198. On July 20, 1926, CSB assumed the deposits and took over the assets of the Brimley State Bank.