Harman Patil (Editor)

Central Bank (Utah)

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Founded
  
1890

Parent organizations
  
CENTRAL BANCOMPANY, INC., Central Trust Company (Edina, MN)

Subsidiaries
  
Central Bank, Investment Management & Trust Services

Central Bank (formally Central Bank and Trust Co.) is a privately owned chartered bank in Utah, established in 1891. The bank operates ten locations, all in Utah County.

History

Central Bank started out as the Springville Banking Company, established in 1891. Until 1890, the local townsfolk of Springville, Utah stored their gold at the Packard Brother's store, Deal Brothers and Mendenhall Company, or H.T. Reynolds and Company. These stores thought that it would be wise to establish a bank, for security reasons. Central Bank was formed when the State Bank of Provo merged with Springville Banking Co. in 1966.

References

Central Bank (Utah) Wikipedia