Deseret Bancorporation became a holding company in Utah County, Utah, in 1877, and later became Deseret Bank on May 1, 1982.
The Bank of Pleasant Grove, State Bank of Lehi, and Mountain View Bank formed a holding company called Deseret Bancorporation, which was completed in 1977. Deseret Bancorporation opened another bank name Geneva State Bank. These four banks later became branches of Deseret Bank on May 1, 1982. Deseret Bank was then the largest independent bank in Utah County. In 1990, Deseret Bank merged into First Security System.
Citation:Deseret Bancorporation records, 1871-1990 (Deseret Bank: est. 1911; six branches serving Utah County (Lehi, American Fork, Lindon, Plesant Grove, Orem, Provo)
Found in 4 Collections and/or Records:
Contains the records of the Deseret Bancorporation from 1871 to 1990. These records pertain to the history of the bank and include financial documents, legal records, reports, correspondence, newspaper clippings, agreements, account books, cashier's checks, receipts, and minute books. Also included are guest books from branch openings or anniversaries, and papers regarding the bank's involvement in the community.
Contains photographs (circa 1953-1981) of the Bank of Pleasant Grove, Geneva State Bank, State Bank of Lehi, and Mountain View Bank during remodeling, construction, and ribbon cutting ceremonies, along with photographs of bank executives, employees, and the Strawberry Days parade in Pleasant Grove, Utah. Film negatives are also included in the series.
Contains a published copy of The History of the Bank of Pleasant Grove and Deseret Bank, 1911-1990. The Bank of Pleasant Grove was located in Pleasant Grove, Utah. The book describes the start of the bank, important events in its history, troubles that it had, and its eventual incorporation into the Deseret Bank located in Utah County, Utah. The book also gives the history of many of the bank presidents and executives.