PICTURES TELL THE PAYSON STORY -- PAYSON HISTORICAL SOCIETY: PAYSON EXCHANGE SAVINGS BANK

The Main Lobby of the bank (pictured above). The large walk-in safe can still be seen in Eli’s Ice Cream shop.

The Payson Exchange Savings Bank was opened in April of 1890 in a new two story building located on the southeast corner of Main Street and Utah Avenue, notes Payson historian L. Dee Stevenson. Since the bank did not have the proper license to operate at that time, it was forced to close until the following year. It was not granted a license to operate until January 1891. The bank advertised that it could transact a general banking business, forward money to any part of the United States, Mexico, or Europe at the lowest possible rates.

Find the rest of the story and photos of the old Payson Exchange Savings Bank throughout the years in this week's edition of The Payson Chronicle.