Dart National Bank
| Company type | Privately held company |
|---|---|
| Industry | Banking |
| Founded | May 1, 1925 in Mason, Michigan, United States |
| Founder | Rollin Charles "RC" Dart, Doc Campbell Dart |
| Headquarters | Mason , United States |
Area served | Ingham County and Eaton County, Michigan |
Key people | Ronald Rhoades (president and CEO until 2007), Peter Kubacki (president and CEO from 2007) |
The Dart Bank operates as a privately held financial institution headquartered in Mason, Michigan, maintaining four branch locations across Ingham County and Eaton County.
History
Established on May 1, 1925, by Rollin Charles "RC" Dart alongside his son Doc Campbell Dart, the institution was originally named The Dart National Bank of Mason. RC Dart held the position of president until his passing in 1943, after which Doc Campbell Dart assumed leadership as president and CEO until 1960.
In 1937, the bank expanded through the acquisition of First State Savings Bank.
Legal cases involving the bank in 1959 and 1962 contributed to shaping precedents in personal property law under the Uniform Trust Receipts Act (UTRA).
A new branch was inaugurated in Holt, Michigan in 1974.
Rollin Dart, the founder’s grandson, held the roles of chairman from 1962 to 2005 and president from 1962 to 1999. Under his guidance, the bank's assets increased substantially from $8 million to $180 million.
Ronald Rhoades took over as president and CEO in 1999. Subsequently, a branch opened in Grand Ledge, Michigan in April 2005. On March 1, 2007, Peter Kubacki succeeded Rhoades as president and CEO.