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1 minute read

Why woman has stayed loyal to bank for 98 years

Jared Bilski
by Jared Bilski
June 8, 2011
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This is the type of loyalty every business dreams about from its customers.

As reported by the Associated Press, 100-year-old Ohio resident June Gregg has been using the same savings account since 1913.

Her bank, Huntington National Bank, was unaware one of its customers was carrying an account that has survived through two World Wars, the moon landing and the events of 9/11.

So how did Huntington find out? When Gregg mentioned to a friend that she her account is the same one her father opened for her in January of 1913, the friend went to the general manager of a bank with Gregg’s unique story.

A bank investigation confirmed what Gregg has said. Not only has she been using the same savings account, but also the account’s number has only changed once — when Huntington acquired her original lending institution — Savings Bank — back in the early 1980s.

In fact, Gregg still has the original blue passbook that received when her father opened the account with an initial deposit of $6.11. What’s more, Gregg says she never even consider taking her money elsewhere. Reason: She liked the bank.

Gregg’s bank decided to reward her for her loyalty by increasing her account’s interest for the next 100 day to right 5% — a rate that’s approximately five times the average going rate.

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