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CLARENCE T. SIMMONS, of the Iowa Bank of Des Moines, is the only man we know in the United States who controls over 1500 banks, but these banks differ from most institutions since they have no capitol, no surplus and no deposits.
     The collection of these miniature banks has been a hobby of Clarence's for many years and all the banks have been gifts to him and he has not invested a dime in securing them.
     They were on exhibition at Yonkers during the convention and attracted a great deal of attention.
            Northwestern Banker, October, 1946

 
WORLD-WIDE BANK COLLECTION
     SALARIES, TAXES AND INTEREST RATES are three management headaches that don't bother bank-owner Clarence T. Simmons of Des Moines, for all of his 2,500 banks are of the coin bank variety. And Variety is really the spice of Mr. Simmons' hobby, too, for there are at least 24 countries represented in his collection now with more on the way. His banks were displayed in a downtown Des Moines department store window during the recent Iowa Bankers Convention and drew hundreds of spectators.
     One of the most interesting banks added since the war is a bank from the Post Office Savings Bank in London. It survived the London blitz but turned up with split seams and all of its coins welded together from the heat of the bombing. Natives of India evidently, don't hide their wampum under their skirts anymore for a savings bank from this country is also included.
     Mr. Simmons, who is employed by the Iowa State Bank in Des Moines, began his collecting hobby while serving some years ago as a bank examiner. The banks are usually on display in his home. The very size of the collection gives Mr. Simmons his only problem. By the time he finishes dusting the last bank it's time to start all over again!
          Northwestern Banker, November, 1946
SIMMONS COIN BANK COLLECTION
 
     Among the magazines that have carried stories about this collection are:
 

NORTHWESTERN BANKER of Des Moines
HOBBIES MAGAZINE of Chicago
BURROUGHS CLEARING HOUSE of Detroit
SAVINGS BANK JOURNAL of New York
SOUTHERN BANKER of Atlanta
MID WESTERN BANKER of Milwaukee
COMMERCIAL WEST of Milwaukee
TEXAS BANKERS RECORD of Dallas
BANK NEWS of Kansas City
HOOSIER BANKER of Indianapolis
TRUSTEE SAVINGS BANKS GAZETTE of London
BANKING of New York
FINANCIAL ADVERTISERS BULLETIN of Chicago

 

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