Guide to the Thatcher Brothers Banking Co. records,
1883-1953

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Overview of the Collection

Creator: Thatcher Brothers Banking Co. (Utah)
Title: Thatcher Brothers Banking Co. records
Dates: 1883-1953 ( inclusive )
Quantity: 178 volumes (35 linear ft.)
Collection Number: USU_COLL MSS 003
Summary: Minute books, dividend books, cashbooks, general and individual deposit ledgers, discount registers, general balances, records of escrow, outstanding cashier's checks, and other records created by Thatcher Brothers Banking Co. during its 50 year history. Correspondence files are absent. Also includes records for the West Cache State Bank of Trenton, Utah (1917-1923) and the Hyrum State Bank of Hyrum, Utah (1911-1935). Other books show dealings of the Bank as trustees for the Brigham Young College in the sale of the College's 10,000 acre endowment farm.
Repository: Utah State University. Special Collections and Archives
Manuscript Collection

Merrill-Cazier Library
Utah State University
3000 Old Main Hill
Logan, UT 84322-3000
Phone: 435 797-2663
Fax: 435 797-2880
Email: scweb@usu.edu

Languages: Collection materials are in English. 
Sponsor: Library Services and Technology Act (LSTA) grant, 2007-2008

Historical Note

In 1883, Logan, Utah's first bank was formed through a partnership between George W. Thatcher Sr., Moses Thatcher Sr., H. E. Hatch, W. D. Hendricks, S. T. Josselyn, and W. A. Rossiter, who organized the Thatcher Brothers & Company Banking with $58,500 in capital. Restructuring occurred within the bank in 1889, when it changed its name to Thatcher Brothers Bank Company (TBBC), and had $100,000 in capital. Within a year the bank built a large brick structure for $70,000 dollars on Center and Main Street of Logan (the current location of the Wells Fargo Building). This new building housed the Thatcher Brothers Banking Company on its lower levels and the Thatcher Opera House on its two upper floors. From 1889 to 1913 the Thatcher Brothers Banking Company acted as trustee for the sale of endowment lands from the Brigham Young College in Logan. With Moses Thatcher's involvement in the bank, and his status as an apostle for the Church of Jesus Christ of Latter-day Saints, some people perceived the Thatcher Brothers Banking Company as a "Mormon bank." In response a gentile-operated bank, the First Security Bank of Logan opened in competition to the Thatchers in 1892. Thereafter a number of banks opened in Cache Valley, such as the Hyrum State Bank (1908), the State Bank of Richmond (1908), and the West Cache Bank (1915). With the death of George W. Thatcher in 1902, H. E. Hatch became acting president of the Thatcher Brothers Banking Company until the 1930s.

Misfortune struck at 5:00 pm on April 17, 1912 when the Thatcher Bank caught fire, consuming the entire structure. Although this was the end of the Thatcher Opera House, temporary quarters were arranged to continue banking. By 1915 a new $150,000 building was erected on the site of the burned structure. With business continuing, the Thatcher Brothers Banking Company took over the assets and liabilities of the West Cache State Bank in 1922. Financial difficulties from the agricultural depression of the 1920s hurt the banking industry in Cache Valley, and in 1928 the First Security Corporation acquired ownership of the Thatcher Brothers Banking Company, the State Bank of Richmond, and the Hyrum State Bank. In 1933 the Thatcher Brothers Banking Company changed its name to the First Security Bank of Logan.

Sources:

Mss Collection 3: Thatcher Brothers Banking Company records, box 1, Fds 25-31.
Mss Collection 43: The Cache Valley Historical Society papers, box 2, Book 2.

Content Description

This collection consists of the financial records of the Thatcher Brothers Banking Company, the Hyrum State Bank, West Cache Bank, and the First Security Bank of Logan. The collection consists of nearly 170 ledgers and three boxes of various papers, which contain financial information on Logan’s first bankers, George W. Thatcher, Sr. and Moses Thatcher, Sr. In addition, since the Thatcher Bank was the only bank in Cache Valley from 1883-1892, these records contain extensive financial information on Cache Valley’s residents and businesses during this time period. Although boxes 1 and 2 (and many of the ledgers) in this collection contain correspondence, researchers should also see COLL MSS 47: George W. Thatcher, Sr. Papers, which contain a substantial amount of early business correspondence for the Thatcher Brothers Banking Company.

This collection is organized into three sections, section I (the majority of the collection), contains records from the Thatcher Brothers Banking Company, section II contains 13 ledgers from the Hyrum State Bank, and section III contains two stock ledgers related to the West Cache Bank. boxes 1-3 contain incoming and outgoing correspondence, bank employee payroll, historical information about the bank, small ledgers, account books, deeds (one relating to the Brigham Young College, Logan), and various other papers. The ledgers contain a record of the minutes of the board of directors, daily transactions, savings accounts, stock purchases, safety deposit boxes, deeds, power of attorney, outstanding loans, and other various books, such as a day book connected to the Brigham Young College (Bk 138). Although boxes 1-3 and the ledgers from section I primarily contain materials connected to the Thatcher Brothers Banking Company, they also contain a small amount of material from other Cache Valley banks.

Use of the Collection

Restrictions on Access :  Restrictions

Open to public research.

Restrictions on Use :  Copyright

It is the responsibility of the user to obtain permission to publish from the owner of the copyright (the institution, the creator of the record, the author or his/her transferees, heirs, legates, or literary executors). The user agrees to indemnify and hold harmless the Utah State University Libraries, its officers, employees, and agents from and against all claims made by any person asserting that he or she is an owner of copyright.

Permission to publish material from the Thatcher Brothers Banking Co. records must be obtained from the Special Collections Manuscript Curator and/or the Special Collections Department Head.

Preferred Citation :  

Thatcher Brothers Banking Co. records, 1883-1953. (COLL MSS 003) Utah State University. Special Collections and Archives Department.

Administrative Information

Arrangement :

Organized in 3 sections:

  • I. Ledgers and records of the Thatcher Brothers Banking Company;
  • II. Records of the Hyrum State Bank;
  • III. Records of the West Cache State Bank.

Acquisition Information :  

The materials contained in this collection were donated by the officers of First Security Bank during the years of 1970-1973.

Related Materials :  

Thatcher Brothers Banking Company photographs(P0230)

Moses Thatcher, Sr. papersCOLL MSS 022

Moses Thatcher home photographs(P0223)

Thatcher Family papersCOLL MSS 093

Thatcher Family photographs(P0023)

Hezekiah Sumner Hatch Family PapersCOLL MSS 305.

Lorenzo Hill Hatch papersCOLL MSS 070

Thatcher Brothers Banking Company Safety Deposit BoxesCOLL MSS 175


Detailed Description of the Collection

Section I:   Ledgers and records of the Thatcher Brothers Banking Company, 1883-1953
Container(s)
Description
Dates
Papers of Thatcher Brothers Banking Company 1883-1953
Box
Folder
1 1 Outgoing correspondence 1916-1962
1 2 Incoming correspondence, A-Z 1907-1937
1 3 Incoming correspondence from the International Banking Corporation 1839-1913
1 4 Incoming correspondence of the First Security Bank, Logan
1 5 Correspondence of J. Mark Sorensen concerning the history of TBBC 1970
1 6 Employee payroll
For bank employees.
1909
1 7 Employee payroll 1910
1 8 Employee payroll 1911
1 9 Employee payroll 1912
1 10 Employee payroll 1913
1 11 Employee payroll 1914
1 12 Employee payroll 1915
1 13 Employee payroll 1916
1 14 Employee payroll 1917
1 15 Employee payroll 1918
1 16 Timecard of J. E. Hatch January 1913
1 17 Directors roll 1899-1901
1 18 Papers concerning the purchase of assets of the First Security Bank of Hyrum 1931
1 19 Bank licenses of operation 1931 and 1938
1 20 TBBC souvenir statement 1922
1 21 A Record of Achievement, report of Cache Valley boy scouts, compliments of TBBC 1922
1 22 Savings balance papers 1927-1929
1 23 Miscellaneous papers, stock lists, bank financial status, forms, tracts, ect.
1 24 Roster of officers of the TBBC and the FSB 1883-1967
1 25 History of the Thatcher Brothers Banking Company and Logan Office of the First Security Bank of Utah, National Association, by Annie E. Peterson, a former employee
(33 pages).
1 26 Drafts, on the history of TBBC, by J. Mark Sorensen
1 27 "Logan as a Banking Center," by Frederick P. Champ, broad cast over KSL radio, Salt Lake City September 6, 1935
1 28 The Thatcher Brothers Banking Company
1 29 The Banking Industry in the Making
1 30 Untitled papers on the history of TBBC
1 31 Press release and newspaper article
2 1 Account book of S. W. Hendricks 1897-1903
2 2 Account book of S. W. Hendricks, collector 1900-1903
2 3 Certificate of deposit, stubs 1921-1924; 1927-1928
2 4 Indenture document concerning the sale of TBBC to First Security Bank of Hyrum 1931.
2 5 Hyrum State Bank papers, correspondence (one letter, 1915), financial status, loose papers, etc 1915
3 1 Minutes and reports of TBBC stockholders meetings 1890; 1912; 1928-1934; 1936
3 2 "Depositors in Thatcher Bank during its first year of business"
Contains a list of names of first depositors.
3 3 Deed
Concerns the Brigham Young College, Logan, and the TBBC's duty as trustee.
1892
3 4 Legal document stating rights of TB & C in the Utah Territory 1888
3 5 Legal agreement to sell land to complete a deed 1902
3 6 Official document from the Secretary of State 1930
3 7 Deed of Indenture with Cache Knitting Works Bond 1933
Minutes of the Board of Directors 1889-1953
Book
1 1889-1906
2 1906-1912
3 1913-1934
3a 1908-1920
3b Thatcher Brothers Banking Company
Book also contains minutes from Hyrum State Bank 1920-1923, First Security Bank of Hyrum 1928-1933, and Valley Development Company 1934-1936.
1934-1940
3c Minutes of Cache Valley banks 1917-1953
Dividend Books 1901-1933
Book
4 1901-1915
5 1915-1933
General Ledgers
Record of the bank's overall transactions in savings, loans, and demand deposits.
1883-1916
Book
6 Book A 1883-1889
7 Book B 1890-1896
8 Book C 1898-1903
9 Book D 1904-1908
10 Book E 1909-1912
11 Book F 1913-1916
Cash Books
Contains daily financial transactions from the bank, figures later posted to general ledgers.
1883-1928
Book
12 1883-1884
13 1885-1886
14 1886-1888
15 1888-1889
16 1889-1890
17 Teller's individual blotter 1891-1892
18 Daily ticker 1896
19 Ticker 1905
20 Account book (ticker) undated
21 Certificates of deposit ledger 1890-1891
22 Certificates of deposit ledger 1892-1928
Daily Balances Ledgers
Contains balances and daily activity of the bank's open accounts, succeeded by individual ledgers.
1883-1890
Book
23 1883-1885
24 1886-1887
25 1887-1889
26 1889-1890
Individual Ledgers
Balances and daily activity of the bank's open accounts, figures later posted to deposit ledgers.
1890-1928
Book
27 October 1890-February 1891
28 February 1891-May 1891
29 1892, April-July
30 1893, January-April
31 1893, April-August
32 1893, August-November
33 November 1893-March 1894
34 1894, March-June
35 1894, June-September
36 1894, September-December
37 December 1894-March 1895
38 1895, March-June
39 1895, June-September
40 1895, September-December
41 December 1895-March 1896
42 1896, March-June
43 1896, June-September
44 1896, September-December
45 December 1896-March 1897
46 1897, March-October
47 1897, June-October
48 October 1897-February 1898
49 1898, February-June
50 June 1898-January 1899
51 January 1899-March 1900
52 March 1900-March 1901
53 (A-K) 1901, March-June
54 (L-Z) 1901, March-June
55 (A-K) 1901, June-September
56 (L-Z) 1901, June-September
57 (A-K) 1901, September-December
58 (L-Z) 1901, September-December
59 (A-K) December 1901-March 1902
60 (L-Z) December 1901-March 1902
61 (A-K) 1902, March-June
62 (L-Z) 1902, March-June
63 (A-K) 1902, June-September
64 (L-Z) 1902, June-September
65 November 1906-January 1907
66 1914, January-March
67 1914, April-July
68 1914, July-September
69 (A-K) 1914, October-December
70 (L-Z) 1914, October-December
71 (A-G) July 1922-April 1928
72 (H-O) July 1922-April 1928
73 (P-Z) July 1922-April 1928
Deposit Ledgers
Balances and daily activity of the bank's open accounts, figures posted from individual ledgers.
1883-1901
Book
74 1883-1889
75 January 1889-December 1890
76 July 1890-December 1891
77 1892
78 January 1893-March 1894
79 April 1894-June 1895
80 July 1895-July 1896
81 August 1896-April 1897
82 1897, May-December
83 1898, January-October
84 November 1898-May 1899
85 April 1899-March 1900
86 April 1900-March 1901
87 (A-K) 1901, April-December
88 (L-Z) 1901, April-December
89 Index to ledger C
Savings Ledgers
Records of savings accounts in the bank.
1883-1908
Book
90 1883-1896
91 1896-1909
92 1900-1908
93 1900-1908
94 1911-1928
95 1909-1926
96 Ledger #1, pp. 1-5999
97 Ledger #2, pp. 6000-7499.
98 Ledger #3, pp. 7500-8399.
99 Ledger #4, pp. 8400-9299.
100 Ledger #5, 9300-9919
101-03 Indexes to savings legers
104 Record of savings balances 1880-1892
105 Record of savings balances 1905-1908
Discount Ledgers
Record of money paid on outstanding loans.
1883-1932
Book
106 1883-1892
107 1888-1902
108 1888-1902
109 1922-1924
110 1924-1926
111 1926-1928
112 1929, January
113 Collection book 1920-1929
114 Collection book 1925-1932
General Balances
Contains the balances and payments by Thatcher Brothers Banking Company with other financial institutions.
1888-1936
Book
115 1890-1894
116 1900-1904
117 1904-1907
118 Daily statements 1901-1904
119 Daily statements 1904-1906
120 Daily statements 1908-1911
121 Average balances with corresponding banks 1925-1936
122 Exchange register 1930-1931
123 National reconcilement register 1931
124 Remittances 1888-1893
Outstanding Cashiers Checks 1911-1935
Book
125 1911-1925
126 1926-1935
Record of Escrows 1885-1927
Book
127 1885-1909
128 1907-1923
128a 1913-1924
129 Escrow deeds 1917-1927
Stock Ledgers 1889-1940
Book
130a Stock Certificates, #s 1-250 1889-1904
130b Stock Certificates, #s 251-500 1904-1911
130c Stock Certificates, #s 501-725 1911-1918
130d Stock Certificates
Loose, boxed.
1909-1923
130e Stock Certificates, #s 251-500 1919-1923
130f Stock Certificates, #s 751-909 1923-1940
130g Stock transfer ledger 1889-1918
Miscellaneous Books and Ledgers 1889-1925
Book
131 H. E. Hatch memorandum book
132 Profit and loss accounts of TBBC, Federal State Bank (Preston), State Bank of Richmond, and the Hyrum State Bank 1922-1928
133 Application for loan registers 1927-1928
134 Expense accounts ledger 1918-1929
135 Expense accounts ledger 1923-1928
136 Cash book
Lists properties bought from tax sales.
1923-1927
137 Estate of C. C. Amussen 1904-1910
138 Day book of the Brigham Young College
139 Trust ledger 1924-1929
139a Profit and loss record 1889-1916
139b Profit and loss record 1916-1917
139c Profit and loss record 1921-1928
139d Bonds and power of attorney register 1899-1918
139e Register, contains list of safety deposit boxes 1895-1912
139f Hong Kong & Shanghai Banking Company band drafts
139g International Banking Corporation draft book 1907-1911
139h Scrapbook of published statements of call dates of Cache Valley banks, commencing December 1925

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Section II::   Records of the Hyrum State Bank, 1906-1935
Container(s)
Description
Dates
Book
140 General ledger 1908-1932
141 General ledger 1912-1919
142 Daily statements ledger 1928-1929.
143 Daily statements ledger 1931
144 Individual ledger 1911-1931
145 Savings ledger 1912-1931
146 Dormant accounts ledger 1919-1929
147 Daily discount register 1924-1928
148 Profit and loss report 1920-1928
149 Register of orders and checks 1926-1935
150 Stock ledger 1909-1933
150a Stock certificates 1924-1936
151 Tickler, Farmers Utah Loan Association 1906

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Section III::   Records of the West Cache State Bank, 1917-1921
Container(s)
Description
Dates
Book
152 Stock ledger 1917-1921
153 Stock certificates

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Subjects

    • Corporate Names :
    • Brigham Young College (Logan, Utah)
    • Hyrum State Bank (Hyrum, Utah)
    • Thatcher Brothers Banking Co. (Utah)
    • West Cache State Bank (Trenton, Utah)
    • Subject Terms :
    • Banks and banking--Utah--Cache County.
    • Geographical Names :
    • Cache Valley (Utah and Idaho)--History.
    • Hyrum (Utah)--History.
    • Logan (Utah)--History.
    • Trenton (Utah)--History.

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