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“Bite-Size Bits of Local, National, and Global History”
“Bite-Size Bits of Local, National, and Global History”
Columbia in Maury County, Tennessee — The American South (East South Central)
 

Freedmen's Savings Bank and Trust Company

 
 
Freedmen's Savings Bank and Trust Company Marker image. Click for full size.
Photographed By Duane and Tracy Marsteller, June 6, 2020
1. Freedmen's Savings Bank and Trust Company Marker
Inscription.  

In 1865, the U.S. Congress chartered the Freedmen's Savings and Trust Company, known as the Freedmen's Bank, to aid freed persons in their transition from enslavement to freedom. In 1870, Samuel M. Arnell and J.P. Baird established the Columbia, Tennessee branch in a room over the McGaw Livery Stable at Sixth and North Main Streets. This branch was one of four branches and the last one established in Tennessee. After several successful years, the freedmen deposited more than $57 million. In 1874, the Freedmen's Bank closed all of its branches due to mismanagement and the financial panic of 1873.
 
Erected by Tennessee Historical Commission. (Marker Number 3D 85.)
 
Topics and series. This historical marker is listed in these topic lists: African AmericansIndustry & Commerce. In addition, it is included in the Tennessee Historical Commission series list. A significant historical year for this entry is 1865.
 
Location. 35° 36.961′ N, 87° 2.007′ W. Marker is in Columbia, Tennessee, in Maury County. Marker is at the intersection of North Main
Freedmen's Savings Bank and Trust Company Marker image. Click for full size.
Photographed By Duane and Tracy Marsteller, June 6, 2020
2. Freedmen's Savings Bank and Trust Company Marker
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Street and East 6th Street, on the right when traveling north on North Main Street. Touch for map. Marker is at or near this postal address: 700 North Main Street, Columbia TN 38401, United States of America. Touch for directions.
 
Other nearby markers. At least 8 other markers are within walking distance of this marker. Nelson House Hotel (a few steps from this marker); Nathan Vaught (about 300 feet away, measured in a direct line); James K. Polk (about 400 feet away); Maury County War Memorial (about 400 feet away); The Founding of Maury County and Columbia (about 500 feet away); James Edwin R. Carpenter (about 500 feet away); Andrew Johnson (about 500 feet away); The Forrest-Gould Affair (about 600 feet away). Touch for a list and map of all markers in Columbia.
 
 
Credits. This page was last revised on November 10, 2020. It was originally submitted on June 10, 2020, by Duane and Tracy Marsteller of Murfreesboro, Tennessee. This page has been viewed 94 times since then and 20 times this year. Photos:   1, 2. submitted on June 10, 2020, by Duane and Tracy Marsteller of Murfreesboro, Tennessee. • J. Makali Bruton was the editor who published this page.

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Jun. 28, 2022