History of the Bank of Mead
The Bank of Mead was opened for business as a private bank in 1885
with Cyrus Truman Condit, president; Thomas Ostenberg and Henry
Anderson, vice-presidents; and Philip L. Hall, cashier. The capital
stock was $5,000.
When the bank realized that it needed a Swedish-speaking assistant
Gus Soderberg, was hired and stayed with the bank for 48 years.
The bank was incorporated on December 31, 1900. At that time,
Philip Lewis Hall was president, Thomas Ostenberg, vice-president,
Cyrus T. Condit, cashier and Gus Soderberg, assistant cashier.
The original two-story frame building was moved to the south, onto
4th Street, when a the new stone building was started in 1918.
Creative burglars broke into the bank's vault by breaking through the
floor while it sat in the street.
The Bank of Mead continues to provide a valuable service to the
community. Visit them
on-line.
|
