| Mid-State Bank | |
| Categories: |
California Mortgage/State/California Online Banking/Business Accounts Online Banking/Corporate Accounts Online Banking/Online Brokerage Online Banking/Personal Accounts Other/Investment Manager/States/California Trust Company/Trust by State/California |
| URL: | http://www.midstatebank.com |
| Description: |
In 1953, a group of businessmen led by real estate agent Walter Filer met to discuss the idea of launching an independent bank in Arroyo Grande. Eight years later, their efforts paid off… June 12, 1961 Mid-State Bank opens its first office at 1054 Grand Avenue in Arroyo Grande. Its board of directors includes Marvin Andrews, Leo Brisco, Clifford Clark, Marvin Hartwig, Walter Filer, Albert Maguire, and David Vordermark. June 12, 1963 Mid-State Bank opens an office in Atascadero. January 2, 1964 Mid-State Bank opens an office in Grover City (later to become Grover Beach). October 12, 1964 Mid-State Bank enters the Santa Barbara County market with a new office in Goleta. March 1967 Carrol Pruett is promoted to executive vice president and chief executive officer of the Bank. February 1969 Carrol Pruett is appointed president of the Bank. Walter Filer is elected chairman of the board. January 12, 1970 Mid-State Bank introduces drive-up banking to San Luis Obispo County with the opening of its newly constructed Arroyo Grande Office at 1026 Grand Avenue. December 16, 1970 Mid-State Bank opens its first of five offices in Santa Maria. 1975 The Bank offers Individual Retirement Accounts for the first time. 1978 Mid-State Bank surpasses $100 million in assets. 1978 Albert Maguire elected chairman of the board. 1983 Mid-State introduces automatic teller machines and also offers Small Business Administration (SBA) loans for the first time. April 16, 1983 Mid-State Bank begins its participation in the March of Dimes annual WalkAmerica event. Since that time, Bank employees have raised more than $760,000 for the charity. September 1983 Mid-State Bank hosts its first Central Coast Economic Symposium with 25 attendees. The event has evolved into four separate business symposiums in Ventura, Santa Barbara, Santa Maria, and San Luis Obispo with more than 1,000 attendees. 1984 The Bank launches its mortgage loan department. June 25, 1984 Mid-State Bank acquires offices in Santa Ynez, Solvang, and Buellton from American National Bank. March 11, 1985 Mid-State Bank acquires offices in Cayucos, Los Osos, and Morro Bay from Wells Fargo. The Bank moves its existing Morro Bay office into the former Wells branch. June 11, 1986 Mid-State Bank celebrates its 25th anniversary. The Bank now has 22 retail offices. 1988 Mid-State Bank surpasses $500 million in assets. September 20, 1997 Mid-State Bank joins California’s “Adopt A Highway” program,” cleaning up a two-mile stretch of Highway 101 monthly. 1998 Mid-State Bank surpasses $1 billion in assets. July 10, 1998 Mid-State Bank acquires Bank of Santa Maria and adds offices in Vandenberg Village, Guadalupe, and Templeton and two new offices in Santa Maria. February 10, 1999 Carrol Pruett appointed chairman of the board. August 31, 1999 Mid-State Bank acquires City Commerce Bank, adding three offices in Santa Barbara and entering the Ventura County market for the first time with an office in Oxnard. March 1, 2000 Jim Lokey becomes president and chief executive officer for Mid-State Bank & Trust. March 9, 2000 Mid-State Bank opens a branch inside the Albertsons supermarket in Arroyo Grande. January 2, 2001 Mid-State Bank opens its trust and investment management division to provide trust administration, estate settlement, conservatorship/guardianship, and investment management services. January 10, 2001 The Mid-State Bank Foundation is created by the Bank to support youth, seniors, education, the arts, human services, and other charitable organizations on the California Coast. June 12, 2001 Mid-State Bank celebrates its 40th anniversary with a name change to Mid-State Bank & Trust and a new logo. June 2001 The Bank opens its leasing department to provide equipment leases to business customers. September 28, 2001 Mid-State Bank & Trust acquires American Commercial Bank and adds offices in Camarillo, Oxnard, and Ventura. 2003 Mid-State Bank & Trust surpasses $2 billion in assets. October 31, 2003 Mid-State Bank & Trust acquires Ojai Valley Bank and adds offices at 1207 Maricopa Highway in Ojai and 410 Ventura Avenue in Oak View. December 2004 The Bank offers Health Savings Accounts (HSAs) for the first time. May 17, 2005 The Mid-State Bank & Trust Foundation donates its one-millionth dollar to the community. August 14, 2006 Mid-State Bank & Trust opens an office in Westlake Village. |
| Title: | Mid-State Bank |
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| Link Added: | 01-15-2007 |
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