Our mission is to be
Valley's Home-Owned Bank"
* with high quality service and competitive
pricing for our
* fairly treat and provide a good quality of life
* and to
continue with a consistent level of profitability for our
local realtor breakfast
conversation is the beginning.
Orginal Trailer used prior to construction of the
March, 1978, eight real estate brokers discussed a common concern,
financing, at their weekly exchange breakfast meeting.
The consensus was that the local banks and mortgage companies
were not meeting the needs of the public.
Processing of loans was taking too long; since "chain" banks
had to send everything out of town for approval, weeks were wasted,
resulting in many lost real estate transactions.
Local depositors were unable to obtain second
mortgages or short-term loans.
With $151 million on deposit, $68 million was being sent to
chain bank home offices in Boise, Salt Lake, and Pocatello.
It was obvious
that competition was urgently needed.
Chuck Cassell suggested that a home-owned mortgage company be
started and it was decided to look into requirements.
The original group of eight were Bruce Faling, Barbara Hume,
Bruce McRae, Mary Jane Gruber, Chuck Cassell, Weldon Hatley, Rich
Law, and Don West. Joining later were Hollis Reed, a builder, Dr.
Everett Cassell, a dentist, and Rita Pope, a realtor.
Each contributed $250 to be spent on a feasibility study, by
a local accounting firm, and legal advice.
Due to a lack of comparative material, the feasibility study
was inconclusive and rather discouraging.
mortgage broker in Spokane was contacted who gave assurance he could
provide assistance in establishing a mortgage company.
In order to generate interest, about 50 leaders in the
business community and service organizations were extended
invitations to hear the mortgage broker from Spokane.
Many of the 30 citizens attending the breakfast meeting were
enthusiastic, volunteering assistance to further the cause,
including financial contributions.
However, there were no real conclusive results of this
then approached his banker friend, who suggested CFI Management
Services, Inc. of Portland, Oregon, be contacted for advice.
Mr. Herb Wagner, President of that organization, accompanied
by a mortgage banker, flew to Lewiston for a breakfast meeting with
the original group of eight.
After studying the area, and visiting local banking
institutions, Mr. Wagner concluded what was needed was an
independent bank, not a mortgage company, and enthusiastically
stated, "The area is ripe for a new bank!"
Under his direction, Barbara Hume gathered information from
local, county, and state offices, while Herb checked deposits in the
Next, the group
selected from the previously mentioned community leaders a list of
prospective board members, who were contacted.
Bob Newell joined the group later, and two of those suggested
could not serve due to other commitments. Chuck Cassell served as
Acting Chairman during the early stages of organization.
of the proposed bank were appointed at a meeting on
August 30, with 22 interested persons attending.
It was at this meeting that Chuck Cassell (Acting Chairman)
asked Herb McKean to become Chairman of the Board, and he accepted.
were as follows:
Herbert B. McKean, Chairman - Retired, Potlatch Corporation
Charles E. Cassell, Vice Chairman - Owner Valley Real Estate
Dr. Michael E. Bell, Radiologist
Gordon J. Cranny, Chief Executive Officer
John F. DePew, Certified Public Accountant
Robert A. Newell, Retired Owner General Tire & Retreading
Jack W. Tippett, Rancher
John D. Vassar, Vassar-Rawls Funeral Home, Inc.
Don G. West, President Don West Realty, Inc.
Earl J. (Jack) Woods, President Woods & Sons Insurance
Barbara Hume served as secretary for the Board.
meeting, under Herb Wagner's capable guidance, Twin River National
Bank was well on its way to establishment.
Boise with Mr. McEldowney, Idaho State Director of Finance, and
the Federal Comptroller in Portland, were attended by the above
directors and secretary.
It was learned at those meetings that another group in
Lewiston was attempting to start a state bank.
The decision was made to try for a national charter if a
state charter for the bank proved impossible.
In October of
1978, Gordon Cranny accepted the position of Executive Officer, and
Joan Curtis was hired as Executive Secretary.
The bank in organization established an office at 1444 G
Street. Mr. Cranny had
over thirty years banking experience and most recently he had
managed Valley Bank in Clarkston for two years.
Mrs. Curtis also was employed at Valley Bank as Executive
Our final bank
location was selected at the corner of Del Sol Lane and G Street,
where there was space and where good traffic flow was present in the
business area of Lewiston.
Since the first
meeting of the directors, a major consideration had been whether
to seek a state or national bank charter.
Interviews were held with the Idaho Director of the Finance
Department and with the Comptroller of Currency for National Banks
in Portland, Oregon.
After lengthy Board discussions, interviews with other banks and
evaluation of local conditions, it was decided to apply for a
Basic reasons for seeking the national bank status were:
The new bank must serve residents of both Idaho and
2. In order to
appropriately serve the two states, both states must be well
represented on the Board.
3. The bank itself
will develop faster serving the entire area.
Obviously, the more complete the development of the bank, the
better area residents could be served.
interesting to note the choice of the name for the bank was handled
by Jack Woods, Chairman of the Naming Committee, whose
daughter, Connie, assisted by suggesting a list of prospective-
names, among them, "Twin River National Bank".
were made on July 3, 1979; all shares were subscribed for within
two weeks. Twin River
National Bank was chartered on November 14, 1979, and the bank was
opened in temporary facilities.
National Bank opened on November 15, 1979 in a modular building on
the bank property with ten employees.
Gordon Cranny -
President & CEO
John Linton - Executive Vice President/Cashier
Jane Wagner - Asst. Vice President/Loan Asst.
Joan Curtis - Executive Secretary
Gay Lynn Snider - New Accounts Representative
Nikki Buckley - Note Teller
Rhonda Cline - Teller
Sherrie Ekwall - Teller
Raquel Literal - Note Teller
Edna Frank - Bank Card Representative
then made arrangements for the present building to be constructed,
with Robert Broyles as architect, and Kevin Erickson the
house celebrations were set for November 5, 1980, and continued
through the next several weeks.
During the construction of the present bank building, the
members of the Board of Directors and the Executive Officer all
contributed their time, talents, and energy above and beyond
Gordon Cranny was most helpful with his on-the-spot decision making
Herb McKean's engineering expertise and constant attention saved
both time and money;
Don West located the construction site after an exhaustive search.