BIZ OF MONTH

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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.

“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.”

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.

“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.

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.

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.

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.

Cen­tral Bank was named Busi­ness of the Month in Jan­uary by the Span­ish Fork Salem Area Cham­ber of Com­merce.

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