The History of the Yakima Valley, Washington, Comprising Yakima, Kittitas and
Benton Counties, The S.J. Clarke Publishing Co., 1919, Volume II, page 1058 

GRANDVIEW STATE BANK.

The Grandview State Bank, owing to the enterprising methods and sound judgment
of its officers, has become one of the strong financial institutions of this
section of the state. It was organized in Grandview. April 1, 1910, succeeding
to the banking business of A. W. Hawn & Company. whose private bank had been
established in 1908 by A. W. Hawn, J. D. Bassett and J. E. Prouty. With the
organization of the State Bank in 1910. J. D. Bassett was elected to the
presidency, J. E. Prouty becoming vice president and A. W. Hawn cashier. On the
1st of September, 1911, Mr. Prouty and Mr. Bassett sold their interests in the
bank. On the 1st of January, 1911, F. H. Gloyd became president and on the 1st
of September of that year E. O. Keck was elected vice president. In May, 1912,
Mr. Keck became president of the bank, with George M. Chase as vice president,
and with the death of Mr. Keck in the spring of 1917. Mr. Hawn was elected to
the presidency. He had continued all through the years as cashier of the bank
and when he left that office vacant John Vanderpole was chosen his successor.
When the latter was made deputy state bank examiner he was succeeded by A. L.
Thiele, who has held the office since August 20, 1918.

The bank was established with a capital of ten thousand dollars, which was
increased on the 1st of July, 1918, to twenty thousand dollars, and there is a
surplus of five thousand dollars. The deposits amount to about three hundred
thousand dollars and the rapid growth of the institution is shown by the fact
that in 1906 there was only about five thousand dollars on deposit. The bank
began business in a little frame building which cost but four hundred dollars In
1910 a good corner brick building was erected and in 1918 this was replaced by
a fine stone building which would be a credit to any town. The bank is supplied
with oak fixtures, has a torazzo floor, modern vaults and all equipment such as
is found in the most modern bank buildings of the present day. The directors of
the bank are A. W. Hawn, George M. Chase and A. L. Thiele. The town of Grandview
was established in 1906 and the bank was one of the first business enterprises
of the new place. At that date the entire countryside was covered with sagebrush
but the town has grown rapidly and the surrounding country has been marvelously
developed, the bank remaining as one of the important factors in the business
life of the community.

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Submitted to the Washington Bios Project in January 2008 by Jeffrey L. Elmer.
Submitter has no additional information about the subject of this article.