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Storied institution banks on successful future
First National Bank
First National Bank is shown under construction on Main Street in this photo dated March 23, 1923.
Long before the first car drove down McMinnville’s Main Street in 1909, First National Bank was a fixture in Warren County.The bank, first organized in 1874, is preparing to recognize its 140th anniversary on Thursday with refreshments at all its branches and a ceremony at the main branch beginning at 11 a.m.The bank rose from humble beginnings to survive the Great Depression in the late 1920s and early '30s, and passed a historic milestone in 2012 when the bank had over $500 million in total assets."We're one of the few banks that did not stop paying a dividend during the Great Depression," said First National Bank president Pieter J. van Vuuren. "The health of our bank remains today. We still have a strong demand for our stock and our earnings have been their highest in 10 years."After organizing in 1874 as The National Bank of McMinnville, there was a name change to First National Bank in 1905.