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Central Bank was elected Business of the Month in January by the Spanish Fork Salem Area Chamber of Commerce. Celebrating its 125th anniversary this year, Central Bank has been serving Utah County since 1891, making it Utah County’s oldest bank.
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“We’re thrilled to kick off our 125th year of service by celebrating with our friends and neighbors,” said Nic Jones, officer and assistant manager of Central Bank’s Spanish Fork office. “We opened our doors in this community in 1969 and we love being Spanish Fork’s community bank.”
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When revealing its selection, the chamber praised Central Bank for serving as a solid and active member in the chamber and for being one of only a few dozen businesses to give back to the community through a Platinum Level membership.
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“It’s an honor to be recognized by the Spanish Fork chamber of commerce. We are proud of our history of sustained growth and security and we believe our continuing progress is a direct result of our dedication to caring for the individual needs of the people and communities we serve,” said Glen Roach, Spanish Fork office manager and vice president.
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On October 17, 1891, Milan Packard (great-great-grandfather of current bank president Matt Packard) helped establish the Springville Banking Company. The bank expanded gradually until 1924, when the community-focused officers and directors were instrumental in attracting the Columbia Steel Mill to the site between Provo and Springville. The State Bank of Provo was organized in 1902 by 16 men who all wanted to find a safe, stable place to save and borrow money. From its founding, the State Bank of Provo grew steadily and the officers and board members prided themselves as they came to be known as the bank that knew every customer as a friend.
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In 1966, the Springville Banking Company and the State Bank of Provo merged under the new name of Central Bank and Trust. This was not simply a union of the two oldest banks in Utah County but also a consolidation of strength that would provide greater lending power, more financial stability and superior services. Since then, Central Bank has grown to include 10 offices throughout Utah County from Payson to Lehi.
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Central Bank offers all modern banking services and conveniences – mobile banking, online bill pay, advanced technology ATMs, and online financial management – without letting go of the personal, friendly touch that got them to where they are today.
