Banking industry woes hit Arizona on Friday night as the federal Office of the Comptroller of the Currency closed the Scottsdale-based First National Bank of. National Bank of Arizona - Williams Branch | Financial Related | Financial Related-Banks & Credit Unions. Minimum opening deposit: $50; Monthly account maintenance fee: $8 (can be waived); ATM fees: None at National Bank of Arizona ATMs and.
Is national bank of arizona open today -
Formation and early development[ edit ] The Professional Building was built in to house the growing Valley Bank and Trust. The bank was well-positioned to contribute to nearby communities in Arizona's copper mining country, such as Safford , Morenci and Clifton. Charles E. Mills was bank president and became the bank's majority shareholder by In , overlending left Valley Bank short on capital, and fearing a run on the bank, shareholders closed the bank in November.
They turned to Gila Valley Bank, asking that institution to assist Valley Bank; Mills engineered a bailout with Gila Valley purchasing some Valley Bank assets, and in , the two formally merged forming the Valley Bank of Arizona, led by Mills until his death in In , Valley Bank built a headquarters for the expanding company in conjunction with the Maricopa County Medical Society, the Professional Building.
In , Valley Bank took over the entire building; from to , a large rotating Valley National Bank neon sign adorned the structure. In , many banks nationwide were closing their doors. Meanwhile, Walter Bimson, the son of a blacksmith who had studied economics and was working at Harris Trust and Savings Bank in Chicago, traveled to the Southwest and was impressed with the region.
In that year, Valley Bank hired Bimson as its president. Bimson's banking policy broke with conventional wisdom. Amidst the depression, he instructed bank personnel to continue lending, believing that adequate funds existed in the communities but that lending would be the spark needed to restart the economy.
These policies began to put Valley Bank at the forefront. Postwar expansion[ edit ] Valley Center under construction, With the postwar growth of Arizona, Valley National Bank expanded as well.
It built branches throughout the rapidly expanding Phoenix metropolitan area and the rest of the state. In a article in the Los Angeles Times , Arizona senator Barry Goldwater characterized the bank's growth as one that "parallels the explosive progress of Arizona".
At the same time, it was a pioneer in banking services; it was the first bank in Arizona to issue a credit card in and the pioneer of direct deposits for Social Security in , a program that was taken nationwide two years later.
It also was early with drive-in banking branches and in issuing photo IDs to customers. The acquisitions were not renamed. Within a few months, the real estate market recovered enough that Valley National decided to retain its out-of-state banks. By then, the collection featured 3, pieces and was large enough that the art was displayed on every floor of Valley Center including in the building's Walter Reed Bimson Gallery of Art , in every Valley National Bank branch, and additionally filled a large warehouse; the bank also employed an art curator.In that year, Valley Bank hired Bimson as its president. All associates with the ability to work have been asked to do so until further notice. Within a few months, the real estate market recovered enough that Valley Is national bank of arizona open today decided to retain its out-of-state banks. We are ensuring our locations are stocked with hand sanitizers, disinfectant wipes and latex gloves. Associates have been directed to adopt the CDC guidelines regarding social distancing.