{"id":712,"date":"2018-02-02T22:43:58","date_gmt":"2018-02-02T22:43:58","guid":{"rendered":"https:\/\/www.twinriver.bank\/?page_id=712"},"modified":"2024-11-14T07:13:43","modified_gmt":"2024-11-14T15:13:43","slug":"about-us","status":"publish","type":"page","link":"https:\/\/www.twinriver.bank\/?page_id=712","title":{"rendered":"ABOUT US"},"content":{"rendered":"

Our Mission is to be “The Valley’s Home-Owned Bank”<\/strong>
*\u00a0 \u00a0 with high quality service and competitive pricing for our customers<\/em>,
*\u00a0 \u00a0 fairly treat and provide a good quality of life for our employees<\/em>,
*\u00a0 \u00a0 and to continue with a consistent level of profitability for our stockholders<\/em>.<\/h4>\n
\n

\"First\u00a0 \u00a0 \u00a0EARLY BANK HISTORY – Local Realtor\u00a0 breakfast conversation.<\/h4>\n

^\u00a0 The original building in 1979 was a modular unit parked on the side of where the headquarters is located now.<\/strong><\/p>\n

Early\u00a0in March,\u00a01978, eight real estate brokers discussed a\u00a0common concern, financing, at their weekly exchange breakfast meeting. \u00a0 \u00a0 The consensus was that the local banks and mortgage companies were not meeting the needs of the public. \u00a0 \u00a0 Processing of loans\u00a0was taking too long; since “chain” banks had to send everything out of town for approval, weeks were\u00a0wasted, resulting in many lost real estate transactions. \u00a0 \u00a0 \u00a0Local depositors were\u00a0unable\u00a0to\u00a0obtain\u00a0second mortgages\u00a0or\u00a0short-term loans.\u00a0 With $151 million on deposit, $68 million was being sent to chain bank home offices in Boise, Salt Lake, and Pocatello.<\/p>\n

It was obvious that competition was urgently needed. \u00a0 \u00a0 Chuck Cassell suggested that\u00a0a\u00a0home-owned mortgage company be started and it was decided to look\u00a0into\u00a0requirements. \u00a0 \u00a0 \u00a0The original\u00a0group of eight were Bruce Faling, Barbara Hume, Bruce McRae,\u00a0Mary 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 \u00a0Pope, a realtor. \u00a0 \u00a0 Each contributed $250 to be spent on a feasibility study, by a local accounting firm,\u00a0and legal advice. \u00a0 \u00a0 Due to a lack of comparative material, the feasibility study was inconclusive and rather discouraging.<\/p>\n

Next, a mortgage broker in Spokane was contacted who gave assurance he could provide\u00a0assistance\u00a0in establishing a mortgage company. \u00a0 \u00a0 In order to\u00a0generate\u00a0interest, about\u00a050\u00a0leaders in the business community and service organizations were extended invitations to hear the mortgage broker from Spokane. \u00a0 \u00a0 Many of the 30 citizens attending the breakfast meeting were enthusiastic, volunteering assistance to further the cause, including financial contributions. \u00a0 \u00a0 However, there were no real conclusive results of this meeting.<\/p>\n

Chuck Cassell then approached his banker friend, who suggested CFI Management Services,\u00a0Inc. of Portland, Oregon, be contacted for advice. \u00a0 \u00a0 Mr. Herb\u00a0Wagner, President of that organization, accompanied by a mortgage banker, flew to Lewiston for a breakfast meeting with the original group of eight. \u00a0 \u00a0 After studying the area, and visiting\u00a0local banking institutions, Mr. Wagner concluded what was needed\u00a0was\u00a0an independent bank, not a mortgage company, and enthusiastically stated, “The area is ripe for a\u00a0new\u00a0bank!” \u00a0 \u00a0 \u00a0Under his direction, Barbara Hume gathered information from local, county, and state offices, while Herb checked deposits in the area.<\/p>\n

Next, the group selected from the previously mentioned community leaders a\u00a0list of prospective board members, who were contacted. \u00a0 \u00a0 Bob Newell joined the group later, and\u00a0two of those suggested could not serve due to other commitments. Chuck Cassell served as Acting Chairman during the early stages of organization.<\/p>\n

The directors of the proposed bank were appointed at a meeting on August 30, with 22 interested persons attending. \u00a0 \u00a0 It was at this meeting that Chuck Cassell (Acting Chairman) asked Herb McKean to become Chairman of the Board, and he accepted.\u00a0 Those appointed to the original board were as follows:<\/p>\n

Charles E. Cassell
Dr. Michael Bell
John DePew
Robert A. Newell
Jack Tippett
John Vassar
Don G. West
Earl J (Jack) Woods
Gordon J. Cranny<\/p>\n

After this meeting, under Herb Wagner’s capable guidance, Twin River National Bank was well on its way to establishment.<\/p>\n

Meetings\u00a0in Boise with Mr. McEldowney, Idaho State Director of Finance, and the\u00a0Federal Comptroller in Portland, were attended by the above directors and\u00a0secretary. \u00a0 \u00a0 It was learned at those meetings that another group in Lewiston was attempting to start a state bank. \u00a0 \u00a0 The decision was made to try for a national charter if a state charter for the bank proved impossible.<\/p>\n

In\u00a0October of 1978, Gordon Cranny accepted the position of Executive Officer, and Joan Curtis was hired as Executive Secretary. \u00a0 \u00a0 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. \u00a0 \u00a0 Mrs. Curtis also was employed at Valley Bank as Executive Secretary.<\/p>\n

Our final bank location was selected at the corner of Del Sol Lane and G Street, where\u00a0there was space and where good traffic flow was present in the business area of Lewiston.<\/p>\n

Since\u00a0the first meeting of the directors, a major consideration had been\u00a0whether to\u00a0seek a state or national bank charter. \u00a0 \u00a0 Interviews were held with the Idaho Director of the Finance Department and with the Comptroller of Currency for National Banks in Portland, Oregon. After\u00a0lengthy Board discussions, interviews with other\u00a0banks\u00a0and evaluation of local conditions, it was decided to apply for a national charter. \u00a0Basic reasons for seeking the national bank status were:<\/p>\n

    \n
  1. \u00a0 \u00a0 The new bank must serve residents of both Idaho and Washington.<\/li>\n
  2. \u00a0 \u00a0 In order to appropriately serve the two states, both states must be well \u00a0represented on the Board.<\/li>\n
  3. \u00a0 \u00a0 The\u00a0bank itself will develop faster serving the entire\u00a0area. \u00a0 \u00a0 Obviously,\u00a0the more\u00a0complete the development of the bank, the better area residents could be served.<\/li>\n<\/ol>\n

    It is interesting to note the choice of the name for the bank was handled by \u00a0Jack Woods, \u00a0Chairman \u00a0of \u00a0the \u00a0Naming Committee, whose daughter, \u00a0Connie, \u00a0assisted \u00a0by suggesting a list of prospective- names, among them, “Twin River National Bank”.<\/p>\n

    Stock offerings were made on July 30, 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 on November 15, 1979 in a modular building on the bank property with ten employees..<\/p>\n

    The Directors then made arrangements for the present building to be constructed, \u00a0with Robert Broyles as architect, and Kevin Erickson the contractor. \u00a0Open \u00a0house celebrations \u00a0were \u00a0set \u00a0for November 5, 1980, and continued through \u00a0the \u00a0next \u00a0several weeks.\u00a0 \u00a0 During the construction of the present bank building, the members of the Board of Directors \u00a0and the Executive Officer all contributed their time, talents, \u00a0and \u00a0energy above \u00a0and beyond normal expectations. Gordon Cranny was most helpful with his \u00a0on-the-spot decision making during construction; Herb McKean’s engineering expertise and constant attention saved both time and money; Don West located the construction site after an exhaustive search.<\/p>\n

    A fun fact<\/strong>: the vault wall is home to 21,859 pennies, which were glued in place by two employees over the course of three weeks during their spare time.<\/p>\n

    HISTORY UPDATE:<\/strong>\u00a0 \u00a0
    Clarkston, WA Branch:\u00a0 First opened 12\/1\/1994 in a small strip mall that was formerly a doctors office.\u00a0 In 2002, land was purchased at the corner of 5th and Sycamore Streets.\u00a0 A branch was constructed on this site, and the new location opened in April 2003 at 900 5th Street.\u00a0 \u00a0<\/p>\n

    Asotin, WA Branch:\u00a0 Opened July 16, 1997 after the closure of the only bank in town.\u00a0 In July, 2002, construction began on the current location at 121 Cleveland Street, and the building was completed by mid-October of the same year.<\/p>\n

    Lewiston Orchards, ID Branch:\u00a0 The property at 3330 10th Street was acquired in mid-2007, with remodeling starting in September.\u00a0 The branch officially opened May 5, 2008.<\/p>\n

    In June 2017 the bank converted it’s national charter to an Idaho state charter.\u00a0 \u00a0The bank is owned by Twin River Financial Corp. holding company which is a Subchapter S Corp in the State of Idaho.<\/p>\n\n\n

    <\/p>\n","protected":false},"excerpt":{"rendered":"

    Our Mission is to be “The Valley’s Home-Owned Bank”*\u00a0 \u00a0 with high quality service and competitive pricing for our customers,*\u00a0 \u00a0 fairly […]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/page_fullwidth.php","meta":{"footnotes":""},"class_list":["post-712","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.twinriver.bank\/index.php?rest_route=\/wp\/v2\/pages\/712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.twinriver.bank\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.twinriver.bank\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.twinriver.bank\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.twinriver.bank\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=712"}],"version-history":[{"count":7,"href":"https:\/\/www.twinriver.bank\/index.php?rest_route=\/wp\/v2\/pages\/712\/revisions"}],"predecessor-version":[{"id":3208,"href":"https:\/\/www.twinriver.bank\/index.php?rest_route=\/wp\/v2\/pages\/712\/revisions\/3208"}],"wp:attachment":[{"href":"https:\/\/www.twinriver.bank\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}