Business & Finance: Ford's Bank

The rumor that Henry Ford contemplated entering Wall Street by purchasing some large bank there has perished under malnutrition of facts. Yet it is not generally recognized that Mr. Ford is already a bank president. For some time he has headed the Dearborn State Bank of Dearborn, Mich., while his secretary, E. G. Liebold, functions as its Vice President and Director.

Ford's bank has still to attain exceptional size. Last year its total deposits were $2,250,000, of which about $900,000 were commercial deposits subject to check. Undoubtedly Ford has an account in the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!