The History of the Yakima Valley, Washington, Comprising Yakima, Kittitas and
Benton Counties, The S.J. Clarke Publishing Co., 1919, Volume II, page 37

THE YAKIMA VALLEY BANK.

The Yakima Valley Bank, one of the strong moneyed institutions of the city of
Yakima, was established in June, 1902, by Miles Cannon, who became the
president, Arthur Coffin, vice-president, and Stanley Coffin, cashier, with E.
E. Streitz as assistant cashier. A change in the personnel of the officers
occurred in 1904, when O. A. Fechter was elected to the presidency. The
following year Charles Heath became the cashier, with Charles S. Mead as the
vice-president. The bank occupies a building at the corner of First street and
Yakima avenue and owns a property that it will soon occupy on Yakima avenue
between First and Second streets, where stands a two-story stone building with a
fifty foot frontage. The bank was established with a capital stock of
seventy-five thousand dollars, sixty per cent of which was paid in. This was
increased to one hundred thousand dollars in 1908 and the entire stock was paid
in. The directors are Charles Heath, O. A. Fechter, J. E. Shannon, C. S. Mead
and L. O. Janeck, who became a director in 1906. The bank enjoyed a splendid
growth in 1917 and in 1918 its capital and surplus amounted to one hundred and
eighteen thousand dollars and its deposits to one million, four hundred and
seventy-one thousand, three hundred and ninety-two dollars and seventy-nine
cents. In 1915 the bank's statement showed deposits of five hundred and
eighty-eight thousand dollars, with a capital and surplus of one hundred and
thirteen thousand dollars. The increase in deposits is indicative of the growth
of the business and of the substantial policy followed by the institution-a
policy which commands the respect and confidence of the general public.

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Submitted to the Washington Bios Project in December 2007 by Jeffrey L. Elmer.
Submitter has no additional information about the subject of this article.