The Altura State Bank opened its doors December 10, 1910 with 61 people investing. Albert Kramer was hired as the first cashier. A condensed history of Altura State Bank follows.
1910
Bank incorporated by 61 investors; operated from Simon Store Building; L.F. Kramer, first President; Albert Kramer, Cashier; Directors: L.F. Kramer, M. Timm, F. Nelson, J.P. Frisch, Frank J. Kramer
1912
Built 24-by-30-foot building next to Nelson’s Store
1932
J.P. Frisch, President; Directors: J.P. Frisch, M. Timm, Albert Kramer, C.G. Kreidermacher, Francis Kramer
1933
Bank declared state of emergency, but stayed open during the Depression
1948
Albert Kramer died; Cyril Kramer, Cashier and Director / 2nd Generation
1949
Bank remodeled and 20-foot addition; C.G. Kreidermacher, President
1951
Cyril Kramer, President; Charles Kramer, Cashier
1958
Bank basement remodeled for bookkeeping area
1959
Tom Doran, Cashier
1960
50th Anniversary celebrated
1969
Purchased Hardware Building to add more floor space
1975
Cyril Kramer died; Time/Temperature sign added; Francis Kramer, President; Tom Doran, Executive Vice President; Jim Kramer, Cashier / 3rd Generation
1978
Purchased grocery store and P. Kieffer land and building east of bank
1980
Jim Kramer, President; Mickey Peshon, Cashier; Robbery occurred
1981
Bank remodeled, drive-up window added
1984
David Schwantz, Cashier
1989
Dan Buehler, Vice President/Loans; Tom Doran retired
1994
ATM machine purchased/Elba
1996
New location of bank building at 411 Main Street NW
2000
Telephone Banking
2003
Peter Kramer, CPA, joins bank / 4th Generation
2004
Bank converts to imaging
2007
Launches website
2008
Internet banking
2010
100 year celebration
It is the intention of the Directors, Officers, and Employees of Altura State Bank to continue to serve everyone as a locally owned and operated independent bank for many years to come.
