East Oregonian : E.O. (Pendleton, OR) 1888-current, 1919-07-11
INLAND EMPIRE
BANK WILL Be
OPEN TOMORROW
New Financial Institution
Ready for Business in
Building Just RemOdeled.
S25O,000 CAPITAL
AT START OF WORK
Formal Reception VIII be
Held on Evening of July
10; Invitations Out.

Tomorrow morning will witness the
opening of PendIeton's newest finan-
cial institution, the Iuiand Empire
hank. situated at the corner of Mbi1
and Court streets. The new bank will
start business with a capitalization of
S350, 900 which is exceeded by only two
banks in the state outside of Portland.
J. W. Jalones. 36 years a resident ,r
Uma3lla county, is president Of the
city's Eewest bank.
5 The Inland Empire Bank received
its charter from the state on March
17.1s1s and las also tten made a
member OF the federal reserve bank IN
the twelfth district. Its nine directors
and Officers include seven pioneer
residents cf Eastern Oregon, a.. men
who became successful through their
holdings OF land. growing of whea. az
raising Of stock. Most of the STOCK
nc r,,s have e tensive i.nd I1leings
IN the county and in Pendleton ara
make their homes in the city.
The establishment OF 9 thir I fiisn-
cial institution in Pendleton was in
spired cy the prosperity OF til. city
and surr1urd,ls country ani the fact
'hii but t&n . anks exist Eett C. T..
Wales. cashier, explained when the
deposits in TWO banks 49, were taken
i"tr consideration we became tho
roughly conS inced that there w. a
crving eed and ample room far "a
tht-I concern. The success cf such a
move is mnauestioned for Ieud:eton is
the center If the richest wheat and
stock country in the northwest and its
future is exceedingly bright"
Four of the strongest of northwest
ern financial institutions are CORES
pondents of the new bank. its Portland
connections being the Northwestern
National and the Ladd & Tilton bank
and its Spokane connections the Ex-
change National and the Spokane &
Eastern. Trust Co.. The National City
Bank of New York and the First Ma
tional of Chicago, are it's eastern cor
respondents.
While business will begin Saturday
at 10 O'Clock, the formal opening and
reception to customers and the public
will not be held until Saturday evening
July 10. between and 10 O'Clock. In
vitations on behalf of the directors and
officers are now being mailed for the
formal opening.
The personnel of the officers and the
directorate of the Inland Empire Bank
contains the names of such pioneer
residents as William Blakeley, Henry
j. Taylor, Douglas Belts. A. w. Rugg.
Pedro, Fred Schneider and j.
w. Maloney, president. None of these
men has lived in Umatilla county less
than 8 years and all are widely
known. respected citizens. Frank
Gritman. of the board of directors, has
been resident of Pendleton for more
than decade. while C. f. WALES,
cashier, is the newest addition to PEN
dleton.
Mr.. Maloney. as president. has a
long record as banker. public Official
and successful farmer in Umatilla
county. Coming to Centerville, now
in 1883, he first taught school,
ater became postmaster and in 1898
was elected recorder of conveyances
Tor the county. In 1901 he began his
2anking career as assistant cashier of
The old Pendleton Savings Bank re-
with it, as cashier. until after
It's absorption by the American Ma
.ional. Ill health forced him out of
banking for two years when he took
up wheat farming and was in 1910
elected county judge. He has also
stood high in fraternal orders in the
state, having been for l6 years grand
master of exchequer for the grand
lodge, Knights of Pythias, of Oregon.
He is past grand chancellor also.
The record of c. Il. WALES, first vice
president and cashier. is very similar
o that of Judge Maloney. Like the
Judge. a native of Missouri. Mr. WALES
'arly came west to make his fortune
md his first success was as a sheep
'aiser in Montana. He retired from
his pursuit to operate newspaper
n Shelby county, Missouri, where he
lad earlier taught school and served
he county as recorder of deeds. On
lis second trip to the west Mr.. WALES
became cashier Of the Bonner County
National Bank at Sand Point. Idaho,
md served there for seven years. Mrs.
Wales will come here on August l to
make her home. Mr.. WALES having
the b. S. Waffle residence
'n Lewis street some time ago.
William Blakeley. director. Is one OF