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| Bank of Washington |
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Overview:
Most banks today are owned by out-of-town holding companies, where people you don't even know make the loan decisions.
Things are different here at the Bank of Washington. We are proud to be an independent, home-owned bank for over 130 years, and we intend to stay that way. We are very active in the community and know our customers.
As a depositor, it is nice to know funds are being prudently re-invested back into our local economy. As a borrower, it is nice to deal with people who know you and are willing to consider intangibles, such as character, rather than deciding everything based on a computer generated analysis. Because we know our customers, we can often give them much faster decisions on loan requests. "We look at the person, and their situation", says bank president Dick Mayer, "and can often make a decision right on the spot". In circumstances where more information is required, we usually give our customers the answer they need within a day or two.
We have six convenient locations throughout Washington, Gray Summit and Villa Ridge. Our banking location inside Schnucks Super Center in Washington is open 7 days a week with banking hours until 7:00 p.m. on weekdays and both Saturday and Sunday banking hours. We even offer banking at this location on most holidays! We have 14 ATMs located throughout Washington, New Haven, Marthasville, Gray Summit and Villa Ridge and offer online banking along with many more banking conveniences.
If this sounds like the type of bank partner you would like to have, please stop by one of our six convenient locations. We'd like to get to know you and look forward to the opportunity to be of service to you and become "your bank"!
For the many customers that already call us "my bank", we are grateful and sincerely appreciate your business. |
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History:
Beginning
A lot has changed since the Bank of Washington first opened on November 2, 1877. Ulysees S. Grant had just left the White House, Edison had not yet invented the light bulb, and the Wright brothers were still 26 years from their historic flight when Bank of Washington opened for business.
Then, as now, officials of the Bank of Washington were civic leaders and local businessmen. Men such as Frederick Hendrich (owner of a box manufacturing company), Leopold Wattenberg (who owned a tannery), Frederick W. Stumpe (clerical worker), John D. Hibbeler (general store owner) and John B. Busch (Busch Brewery) were board members.
Community Leadership
During these many decades of service to the Washington and Franklin County region, nearly every large civic enterprise has been financially supported, encouraged, or aided by the Bank of Washington. Bank officers and employees are extremely involved in the community through volunteer efforts and charitable giving. As our community has grown, so has our bank. One thing remains: our commitment to aid the health and prosperity of the region through a wide array of financial products, superior service and community involvement.
Strength and Stability
The Bank of Washington has represented strength and stability for generations. There have only been 9 presidents in the 130+ year history. From starting capital of $10,000 the bank grew quickly to over $50,000 in resources during the first two months. It became a million dollar bank in 1916. This quintupled to nearly $5 million by 1946, and by 1977 ten times that, at over $49 million. Bank assets today exceed $700 million.
Buildings / Expansion
The Bank's first home was an impressive 1-year old building on the South side of Main (between Oak and Lafayette), which later became the home of Robert Voss's Washington Bazaar. It didn't take long to outgrow this space, so in 1880 a new building was constructed on the empty lot just East of the original building. Both buildings still stand today.
On February 27, 1923 Bank of Washington opened a new "classic style" bank building at the corner of Main and Oak, which remains the bank headquarters today. A major expansion and modernization of this building was completed in 1967, and another major expansion was completed in 2009. |
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