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Stories from Colton

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JAN 26, 1900Colton, WA

The Bank That Quit the Nation

A Colton financial institution abandons its national charter, highlighting the struggle of small-town banks under federal mandates.

“A bank cannot live on $470 a year. It must have a chance to do business at a profit, and this is not permitted by the national banking act.”
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Read the story: The Bank That Quit the Nation