Quarterly Newsletter
First Advantage News
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The History of First Trust and Savings Bank
Organized as the First National Bank in 1901 by Dr. S. B. Diamond, the bank received its first deposit on November 13, 1902, when Harry F. Young opened a savings account. Five years later, the bank had capital of $25,000 and deposits of $132,828.
In 1911, the bank’s name was changed to First Trust and Saving Bank. Over the years the bank has grown in size and services. When the bank moved to its present building in 1975, total assets were $10 million.
After moving to its
new building in
1975, the bank's old
building was donated
to the newly formed
Albany Public
Library District.
In 2001 the bank
completed a major
remodeling of the
lobby.
In 2006, First Trust
& Savings Bank merged
with Old Farmers &
Merchants State Bank in
Erie and Hillsdale.
Today, total assets
exceed $100 million.
First Trust and
Savings Bank is
locally owned, and
there have been only
five presidents since the bank was founded. Dr. Diamond served from 1901 to 1912, H. R. Senior from 1912 to 1945, and E. Don Hanson, Sr. from 1945 to 1974, E. Don Hanson, Jr.
from 1974 2006, and
Mark J. Hanson, the
bank's current
president, has
served in that role
since 2006.
There have also been
only five managing
officers of the bank:
C.E. Peck from 1902 to
1920, Myron S.
Rosenkrans from 1920 to
1945, E. Don Hanson, Sr.
from 1945 to 1967, E.
Don Hanson, Jr. from
1967 to 2005, and Mark
Hanson since 2005.
Chairman of the
Board Message
Welcome to First Trust & Savings Bank! At First Trust, our banking philosophy is to serve the community we have called home. One of the many benefits of remaining a locally owned financial institution is our ability to adapt to the changing needs of our marketplace. It has enabled us to remain a strong, healthy financial institution for more than 100 years.
We are proud of our long history at First Trust & Savings Bank, but we’re also proud of the innovative ways we have continued to serve our customers. As our customers’ needs change, we adjust our services and products. That is why we are pleased to offer 24/7 access to First Trust via this website and our Internet Banking and Bill Pay services,
both of which are
free of charge to
our retail customers.
Of course we are always available for one-on-one personal service at our main bank office.
If you are a current customer of First Trust, thank you for visiting our website. If you are not a customer, find out what a great combination it is to have experienced local bankers and hometown service all in one spot.
if time is at a
premium, call us on
the telephone.
We will gather the
information needed
and have the
complete documents
waiting for you when
you arrive at the
bank. We want
to make your banking
experience as
convenient as
possible.
Thank you for taking the time to visit our website. We hope you will return.
E.D. Hanson, Jr.
Chairman of the
Board
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