In 1906 one of the first state banks in Texas was built in Montgomery. In 1908 it moved into a brick building. The bank only served small farmers. The bank was robbed three times. One time the bank's safe was taken but the robber got no money. To this day there are marks from the robberies. Some of the marks are from gun shots, others are from dynamite explosions.
The bank manager made a monthly income of $125. The most the bank was ever worth was about $191,000.
The stock market crashed in 1929, during the great depression. As a factor of that the bank lost a lot of money. The bank was only worth about $18,233.50. In 1934 the bank was voluntarily liquidated.
The bank is now a Petz-Eatz-Treatz and Boutique. It is owned by Geral and Susan Fauss. The location is 211 Liberty street.
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Front of the State Bank |
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Bullet shots inside the safe |
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Plack outside |
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The safe |
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