Bank Of Washington

Posted on July 4, 2009
Filed Under Personal Loan | Comments Off

The Bank of Washington was first opened for business On November 2, 1877, U.S. President Grant had just left the White House, and his successor, Rutherford B. Hayes, another veteran of the Civil War was only months into his tenure as President of the United States. It would be two years before Thomas Edison first demonstrated his new electric light bulb. In November days in 1877 that Orville Wright was only a boy of six years. The world would have to wait another twenty six years before he and his then 10 years old, would make his brother Wilbur historic flight in Kitty Hawk, North Carolina.

Then, as now, the Bank officials in Washington were the civic leaders and local entrepreneurs. They were men such as Frederick Hendrick (owner of a manufacturing company box), Leopold Wattenberg (tannery on the south bank of Busch Creek), Frederick W. Stump (office work), John D. Hibbeler (shop owner) and John B. Busch (Busch, owner of the brewery).

The bank's first home in an impressive building, just a year old, on the south side of Main Street between Oak Street and Lafayette. Later this structure was the site of Robert Voss of the Washington Bazaar "Kruel and the" Racket Store. The bank then built a new home for itself in an empty lot just east of its first home in 1880. These two buildings are still standing in downtown Washington.
On February 27, 1923, the bank opened its new building in classical style and oak Main Street. The bank had all the hallmarks of the modern era. A major reconstruction, expansion and modernization of the bank was completed in 1967,

In 1977, the Bank opened its second Washington location at the corner of Jefferson and 14. In 1999 the bank opened its third location inside the new Schnucks Supermarket. April 2000 saw the opening of the fourth branch in Gray Summit, MO. In May 2009 opened our fifth branch in East Fifth Street in Washington. In addition to these full-service locations, our network of ATMs has recently been expanded to include thirteen locations in Washington, Gray summit, New Haven, and the Marthasville area.

The Bank of Washington provided some of the first in modern services. It was the first bank in the Washington area to install machines for NCR Postronic, the first bank in the area to have a quota Loan Department, and the first bank in the area to provide the banking unit and a bottom of the window.
The Bank of Washington has for years been known for its stability and strength. During its 132 years of history it has only had nine presidents. The bank grew rapidly, from an initial capital of $ 10,000 to $ 53,739.38 of the resources at the end of 1877 - less than two months of activity - and become a half million dollars of bank in less than twenty years.

The bank increased its assets by a total of 1916 million. The bank reached almost five million Euros in assets in 1946. In 1977, the assets covered $ 49 million. Today the Bank of Washington has the total assets in excess of $ 743 million. Throughout these decades of service to Washington and Franklin County region, nearly every major civic enterprise has been funded, encouraged, or helped by the bank. As our community has grown, so has our bank. One thing has always been our commitment to help the health and prosperity of the region through a wide range of products and superior service.

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