UUS_mss003.xml Guide to the Thatcher Brothers Banking Co. records, 1880-1970 Thatcher Brothers Banking Co. records, 1880-1970 Finding aid created by the Special Collections Department at Utah State University Library Services and Technology Act (LSTA) grant, 2007-2008 Utah State University, Merrill-Cazier Library, Special Collections & Archives ©2008
Merrill-Cazier Library Utah State University 3000 Old Main Hill Logan, Utah 84322-3000 Business Number: 435 797-8248 Fax Number: 435 797-2880 scweb@usu.edu https://archives.usu.edu/
This finding aid was produced using ArchivesSpace on 2025-02-27. Finding guide is in English in Latin script. Finding aid based on DACS (Describing Archives: A Content Standard, 2nd Edition). 2009 Template information was updated to reflect Archives West best practices guidelines. Utah State University, Merrill-Cazier Library, Special Collections & Archives Thatcher Brothers Banking Co. records UUS_COLL MSS 003 178 volumes 35 linear feet 1880-1970 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 fifty-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. Collection materials are in English.

Open to public research.

It is the responsibility of the researcher to obtain any necessary copyright clearances.

Permission to publish material from the Thatcher Brothers Banking Co. records must be obtained from the Special Collections and Archives manuscript curator and/or the Special Collections and Archives department head.

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

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

n 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 Streets 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 Thatcher's 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.

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.

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 daybook 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.

Thatcher Brothers Banking Company photographs(P0230)

Moses Thatcher, Sr. papers COLL MSS 022

Moses Thatcher home photographs(P0223)

Thatcher Family papers COLL MSS 093

Thatcher Family photographs(P0023)

Hezekiah Sumner Hatch Family Papers COLL MSS 305.

Lorenzo Hill Hatch papers COLL MSS 070

Thatcher Brothers Banking Company Safety Deposit Boxes COLL MSS 175

 Brigham Young College (Logan, Utah) Hyrum (Utah)--History. Trenton (Utah)--History. Logan (Utah)--History. Cache Valley (Utah and Idaho)--History. Banks and banking--Utah--Cache County. Economics and Banking Ledgers and records of the Thatcher Brothers Banking Company Section I 1883-1953 Papers of Thatcher Brothers Banking Company 1883-1953 Outgoing correspondence 1916-1962 1 1 Incoming correspondence, A-Z 1907-1937 1 2 Incoming correspondence from the International Banking Corporation 1839-1913 1 3 Incoming correspondence of the First Security Bank, Logan undated 1 4 Correspondence of J. Mark Sorensen concerning the history of TBBC 1970 1 5 Employee payroll 1909 1 6

For bank employees.

 Employee payroll 1910 1 7 Employee payroll 1911 1 8 Employee payroll 1912 1 9 Employee payroll 1913 1 10 Employee payroll 1914 1 11 Employee payroll 1915 1 12 Employee payroll 1916 1 13 Employee payroll 1917 1 14 Employee payroll 1918 1 15 Timecard of J. E. Hatch 1913 January 1 16 Directors roll 1899-1901 1 17 Papers concerning the purchase of assets of the First Security Bank of Hyrum 1931 1 18 Bank licenses of operation 1931 and 1938 1 19 TBBC souvenir statement 1922 1 20 A Record of Achievement, report of Cache Valley boy scouts, compliments of TBBC 1922 1 21 Savings balance papers 1927-1929 1 22 Miscellaneous papers, stock lists, bank financial status, forms, tracts, ect. undated 1 23 Roster of officers of the TBBC and the FSB 1883-1967 1 24 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 undated (33 pages). 1 25 Drafts, on the history of TBBC, by J. Mark Sorensen undated 1 26 "Logan as a Banking Center," by Frederick P. Champ, broad cast over KSL radio, Salt Lake City 1935 September 6 1 27 The Thatcher Brothers Banking Company undated 1 28 The Banking Industry in the Making undated 1 29 Untitled papers on the history of TBBC undated 1 30 Press release and newspaper article undated 1 31 Account book of S. W. Hendricks 1897-1903 2 1 Account book of S. W. Hendricks, collector 1900-1903 2 2 Certificate of deposit, stubs 1921-1924 1927-1928 2 3 Indenture document concerning the sale of TBBC to First Security Bank of Hyrum 1931 2 4 Hyrum State Bank papers, correspondence (one letter, 1915), financial status, loose papers, etc 1915 2 5 Minutes and reports of TBBC stockholders meetings 1890 1912 1928-1934 1936 3 1 "Depositors in Thatcher Bank during its first year of business" undated 3 2

Contains a list of names of first depositors.

 Deed 1892 3 3

Concerns the Brigham Young College, Logan, and the TBBC's duty as trustee.

 Legal document stating rights of TB & C in the Utah Territory 1888 3 4 Legal agreement to sell land to complete a deed 1902 3 5 Official document from the Secretary of State 1930 3 6 Deed of Indenture with Cache Knitting Works Bond 1933 3 7 Minutes of the Board of Directors 1889-1953 Minutes of the Board of Directors 1889-1906 1 Minutes of the Board of Directors 1906-1912 2 Minutes of the Board of Directors 1913-1934 3 Minutes of the Board of Directors 1908-1920 3a Thatcher Brothers Banking Company 1934-1940 3b

Book also contains minutes from Hyrum State Bank 1920-1923, First Security Bank of Hyrum 1928-1933, and Valley Development Company 1934-1936.

 Minutes of Cache Valley banks 1917-1953 3c Dividend Books 1901-1933 Dividend Books 1901-1915 4 Dividend Books 1915-1933 5 General Ledgers 1883-1916

Record of the bank's overall transactions in savings, loans, and demand deposits.

 Book A 1883-1889 6 Book B 1890-1896 7 Book C 1898-1903 8 Book D 1904-1908 9 Book E 1909-1912 10 Book F 1913-1916 11 Cash Books 1883-1928

Contains daily financial transactions from the bank, figures later posted to general ledgers.

 Cash Books 1883-1884 12 Cash Books 1885-1886 13 Cash Books 1886-1888 14 Cash Books 1888-1889 15 Cash Books 1889-1890 16 Teller's individual blotter 1891-1892 17 Daily ticker 1896 18 Ticker 1905 19 Account book (ticker) undated 20 Certificates of deposit ledger 1890-1891 21 Certificates of deposit ledger 1892-1928 22 Daily Balances Ledgers 1883-1890

Contains balances and daily activity of the bank's open accounts, succeeded by individual ledgers.

 Daily Balances Ledgers 1883-1885 23 Daily Balances Ledgers 1886-1887 24 Daily Balances Ledgers 1887-1889 25 Daily Balances Ledgers 1889-1890 26 Individual Ledgers 1890-1928

Balances and daily activity of the bank's open accounts, figures later posted to deposit ledgers.

 Individual Ledgers 1890 October-1891 February 1891 27 Individual Ledgers 1891 February-May 28 Individual Ledgers 1892 April-July 29 Individual Ledgers 1893 January-April 30 Individual Ledgers 1893 April-August 31 Individual Ledgers 1893 August-November 32 Individual Ledgers 1893 November - 1894 March 33 Individual Ledgers 1894 March-June 34 Individual Ledgers 1894 June-September 35 Individual Ledgers 1894 September-December 36 Individual Ledgers 1894 December-1895 March 37 Individual Ledgers 1895, March-June 38 Individual Ledgers 1895 June-September 39 Individual Ledgers 1895 September-December 40 Individual Ledgers 1895 December-1896 March 41 Individual Ledgers 1896 March-June 42 Individual Ledgers 1896 June-September 43 Individual Ledgers 1896 September-December 44 Individual Ledgers 1896 December-1897 March 45 Individual Ledgers 1897 March-October 46 Individual Ledgers 1897 June-October 47 Individual Ledgers 1897 October-1898 February 48 Individual Ledgers 1898 February-June 49 Individual Ledgers 1898 June-1899 January 50 Individual Ledgers 1899 January-1900 March 51 Individual Ledgers 1900 March-1901 March 52 (A-K) 1901, March-June 53 (L-Z) 1901, March-June 54 (A-K) 1901, June-September 55 (L-Z) 1901, June-September 56 (A-K) 1901, September-December 57 (L-Z) 1901, September-December 58 (A-K) 1901 December-1902 March 59 (L-Z) 1901 December-1902 March 60 (A-K) 1902, March-June 61 (L-Z) 1902, March-June 62 (A-K) 1902, June-September 63 (L-Z) 1902, June-September 64 1906 November-1907 January 65 1914, January-March 66 1914, April-July 67 1914, July-September 68 (A-K) 1914, October-December 69 (L-Z) 1914, October-December 70 (A-G) 1922 July-1928 April 71 (H-O) 1922 July-1928 April 72 (P-Z) 1922 July-1928 April 73 Deposit Ledgers 1883-1901

Balances and daily activity of the bank's open accounts, figures posted from individual ledgers.

 Deposit Ledgers 1883-1889 74 Deposit Ledgers 1889 January-1890 December 75 Deposit Ledgers 1890 July-1891 December 76 Deposit Ledgers 1892 77 Deposit Ledgers 1893 January-1894 March 78 Deposit Ledgers 1894 April-1895 June 79 Deposit Ledgers 1895 July-1896 July 80 Deposit Ledgers 1896 August-1897 April 81 Deposit Ledgers 1897, May-December 82 Deposit Ledgers 1898, January-October 83 Deposit Ledgers 1898 November-1899 May 84 Deposit Ledgers 1899 April-1900 March 85 Deposit Ledgers 1900 April-1901 March 86 (A-K) 1901, April-December 87 (L-Z) 1901, April-December 88 Index to ledger C undated 89 Savings Ledgers 1883-1908

Records of savings accounts in the bank.

 Savings Ledgers 1883-1896 90 Savings Ledgers 1896-1909 91 Savings Ledgers 1900-1908 92 Savings Ledgers 1900-1908 93 Savings Ledgers 1911-1928 94 Savings Ledgers 1909-1926 95 Ledger #1, pp. 1-5999 undated 96 Ledger #2, pp. 6000-7499. undated 97 Ledger #3, pp. 7500-8399. undated 98 Ledger #4, pp. 8400-9299. undated 99 Ledger #5, 9300-9919 undated 100 Indexes to savings legers undated 101 102 103 Record of savings balances 1880-1892 104 Record of savings balances 1905-1908 105 Discount Ledgers 1883-1932

Record of money paid on outstanding loans.

 Discount Ledgers 1883-1892 106 Discount Ledgers 1888-1902 107 Discount Ledgers 1888-1902 108 Discount Ledgers 1922-1924 109 Discount Ledgers 1924-1926 110 Discount Ledgers 1926-1928 111 Discount Ledgers 1929, January 112 Collection book 1920-1929 113 Collection book 1925-1932 114 General Balances 1888-1936

Contains the balances and payments by Thatcher Brothers Banking Company with other financial institutions.

 General Balances 1890-1894 115 General Balances 1900-1904 116 General Balances 1904-1907 117 Daily statements 1901-1904 118 Daily statements 1904-1906 119 Daily statements 1908-1911 120 Average balances with corresponding banks 1925-1936 121 Exchange register 1930-1931 122 National reconcilement register 1931 123 Remittances 1888-1893 124 Outstanding Cashiers Checks 1911-1935 Outstanding Cashiers Checks 1911-1925 125 Outstanding Cashiers Checks 1926-1935 126 Record of Escrows 1885-1927 Record of Escrows 1885-1909 127 Record of Escrows 1907-1923 128 Record of Escrows 1913-1924 128a Escrow deeds 1917-1927 129 Stock Ledgers 1889-1940 Stock Certificates, #s 1-250 1889-1904 130a Stock Certificates, #s 251-500 1904-1911 130b Stock Certificates, #s 501-725 1911-1918 130c Stock Certificates 1909-1923 130d

Loose, boxed.

 Stock Certificates, #s 251-500 1919-1923 130e Stock Certificates, #s 751-909 1923-1940 130f Stock transfer ledger 1889-1918 130g Miscellaneous Books and Ledgers 1889-1925 H. E. Hatch memorandum book undated 131 Profit and loss accounts of TBBC, Federal State Bank (Preston), State Bank of Richmond, and the Hyrum State Bank 1922-1928 132 Application for loan registers 1927-1928 133 Expense accounts ledger 1918-1929 134 Expense accounts ledger 1923-1928 135 Cash book 1923-1927 136

Lists properties bought from tax sales.

 Estate of C. C. Amussen 1904-1910 137 Day book of the Brigham Young College undated 138 Trust ledger 1924-1929 139 Profit and loss record 1889-1916 139a Profit and loss record 1916-1917 139b Profit and loss record 1921-1928 139c Bonds and power of attorney register 1899-1918 139d Register, contains list of safety deposit boxes 1895-1912 139e Hong Kong & Shanghai Banking Company band drafts undated 139f International Banking Corporation draft book 1907-1911 139g Scrapbook of published statements of call dates of Cache Valley banks, commencing December 1925 139h Records of the Hyrum State Bank Section II: 1906-1935 General ledger 1908-1932 140 General ledger 1912-1919 141 Daily statements ledger 1928-1929. 142 Daily statements ledger 1931 143 Individual ledger 1911-1931 144 Savings ledger 1912-1931 145 Dormant accounts ledger 1919-1929 146 Daily discount register 1924-1928 147 Profit and loss report 1920-1928 148 Register of orders and checks 1926-1935 149 Stock ledger 1909-1933 150 Stock certificates 1924-1936 150a Tickler, Farmers Utah Loan Association 1906 151 Records of the West Cache State Bank Section III: 1917-1921 Stock ledger 1917-1921 152 Stock certificates undated 153