The Consolidated National Bank, Tucson, is the oldest and largest bank in the city, and in its history is interwoven a portion of the history of many of the ablest. National Bank of Arizona, Banks, Financial Services. N. Oracle Road Tucson, AZ () Founded in Tucson, Arizona in , National Bank of Arizona specializes in serving the financial needs of businesses and individuals in Arizona. With a.
National bank of arizona tucson -
At that time included in its directorate were E. Bennitt, now president, and Lloyd B. Christy, now cashier. This bank occupies the only exclusive banking building in the city, which is of colonial architecture and strictly modern in all its appointments. It is constructed of reinforced concrete. During the life of The Valley Bank it has been the constant aim of its management to aid in the upbuilding of the state and city, and there one is accorded the utmost courtesy in every department. This was the first bank in Phoenix to open a savings department, and for the five years in which this department has been in operation over seven hundred thousand dollars have been deposited in it, and the depositors number over thirty-five hundred, which is due evidence of public confidence and appreciation.
Its officers at present are : E. Bennitt, president ; John R. Hampton and John Ormsby, vice presidents; Lloyd B. Christy, cashier, and S. Stewart and Lebbeus Chapman, assistant cashiers. These officers, with a strong board of directors, and the confidence which the bank now enjoys insures for it many years of continued prosperity. For some years prior to its organization the Copper Queen Store acted as depository, as a matter of accommodation, and in various capacities assumed responsibilities ordinarily assumed by banking houses only, until this became too heavy a tax upon their time and force.
Then, recognizing the necessity of a safe depository for funds of corporations and individuals, the following gentlemen organized The Bank of Bisbee, which commenced business on February 19, W. Brophy, J. Douglas, Ben Williams, J. Angius, and M. Its success was immediate, as each member of the board of directors was well known in the community, and the confidence then displayed in their integrity and executive ability has been more forcibly shown with each succeeding year. Bank of Bisbee is safe, conservatively managed, meets the wants of its patrons as liberally as good banking customs will permit, and stands for all that is reliable and trustworthy.
It has its own building designed expressly for banking purposes, in which are incorporated safety deposit vaults, and which is amply protected by all the safeguards necessary in banking houses.
The officials and directors stand foremost among the eminent and substantial men of Cochise County. Cunningham, who has been cashier since the opening of the bank, is one of the ablest men in banking circles in Arizona, and a man whose executive ability has manifested itself in many ways in his present position. Brophy is president and also general manager of the Phelps Dodge Mercantile Company.
The directors are: Ben Williams, J. Douglas, L. Ricketts, W. Brophy and M. Murphy was elected president, Morris Goldwater, vice president, and R. Woodruff, cashier. On January 25th, , an extension of its charter for another period of twenty years was granted by the Comptroller of the Currency.
The present board of directors is composed of F. Murphy, M. Goldwater, F. Brecht, James A. Home, H. Cheverton and R. The officers of the bank are composed of the following: R. Fredericks, president; M. Goldwater, first vice president; F. Brecht, second vice president; H. Cheverton, cashier; L. Derrick and P. Deming, assistant cashiers. Of the original organizers and members of the first board of directors, three gentlemen are now on the present board, namely, F.
Murphy, Morris Goldwater and R. The Prescott National Bank, by its progressive, yet prudent and conservative methods, has been a large factor in the upbuilding of Prescott and surrounding country. The individual members of the board of directors are men known for their activity in the development of the resources of this section, particularly in railroading, mining and commercial pursuits, and it is due to their efforts that the Prescott National Bank is now one of the strongest national banks in this state.
The Prescott National Bank owns its solid and substantial banking house, one of the finest in Arizona, which is thoroughly equipped with fire and burglar proof vaults, safe deposit department and all modern conveniences, so necessary to the careful handling of its large and constantly growing business. The Bank of D. Henderson was later organized, and in , The First National Bank of Tucson, having surrendered its charter some years previous and become The Bank of Tucson, was merged with the bank of D.
Henderson, and thus was formed the Consolidated Bank of Tucson. Freeman, who had been cashier of The Bank of D. Henderson, was instrumental in this consolidation and became cashier of the newly formed bank, while Mr. Henderson, first vice president. Shortly afterwards a national charter was obtained and the name changed to The Consolidated National Bank, by which it is now known. In , owing to ill health, Mr.
Freeman retired from The Consolidated National Bank, and the following year, having fully recuperated, was one of the prime movers in the establishment of the Santa Cruz Valley Bank. In he again became associated with The Consolidated National Bank as its vice president.
At that time H. Lacy was president, and H. Tenney, cashier. On Mr. Lacy's retirement from the presidency, Mr. Freeman was elected to this position, which he continued until late in the year During the latter year, Mr. Charles E. Walker, now cashier, was first employed with this institution as assistant to President Freeman, and at the close of the year on the latter's retirement, a reorganization of the officials followed, when Albert Steinfeld became president, Epes Randolph vice president, and Charles E.
Walker, cashier. During Mr. Freeman's later association with The Consolidated National Bank his influence on its development was material both in a personal way and as regards the benefits derived from his superior knowledge of financial affairs, sound judgment, and general executive ability.
The Board of Directors of this institution includes the above named officials, Mr. Freeman, F. Hereford, Charles H. Bayless and Leo Goldschmidt. The Consolidated National Bank is a U. Depositary and continues to grow with most gratifying results. Its last statement, dated Feb. The list of assets of this bank contains a notable item in the total of its loans and discounts, amounting to about half of its funds, which indicates how well the institution serves the commercial and agricultural interests of the community.
For years this bank has had a leading place on the roll of honor among National Banks in the United States. Physically the bank is equipped in a manner both modern and convenient in offices in the center of the business district of Phoenix, and is easy of access to tourists and residents alike.
The Phoenix National Bank is one of the specially designated depositories for funds of the United States Government, has the patronage of many leading business and professional men, firms and corporations, and by means of its system of direct communication maintains close relations with Arizona, New Mexico, and adjacent districts in Old Mexico. Its facilities for making collections are especially good and the prompt attention rendered affairs of its correspondents causes its services to be exceptionally satisfactions.
In this bank was designated a depositary for funds of the United States Government and its disbursing officers. It is, however, an entirely separate organization from The Phoenix National Bank, and occupies entirely different offices. It also acts as escrow agent, registrar, fiscal agent and trustee for corporations and their bondholders. The officers of the savings bank are: H. McClung, president; T. Pollock and M. McDougall, vice presidents; and W.
Foster, secretary and treasurer. McDougall, vice presidents; H. Marshall, Jr. Galliver, G. Fuller, asst.
The directors are E. Gage, H. T- McClung, T. Pollock, M.Its record in this particular has given it a place among the sound and solid financial institutions of the country and in the estimation of the entire business and commercial world that is treasured among its most valuable assets. Home, H. Beside a strong and liberal policy in the conduct of the business of the sterling banking institution confided to their care, the officials of the First National Bank give attention to the best interests of the town of National bank of arizona tucson. These are all among the representative business men of the vicinity whose sterling worth adds a note of assurance to the bank's reliability. Cunningham, who has been cashier since the opening of the bank, is one of the ablest men in banking circles in Arizona, and a man whose executive ability has manifested itself in many ways in national bank of arizona tucson present position. Murphy, National bank of arizona tucson. 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.
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National bank of arizona tucson -
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.