Thursday, September 15, 2016

Senator and Partners Found D. L. Evans Bank in Albion, Cassia County [otd 9/15]

On Thursday September 15, 1904, State Senator David Lloyd Evans convened a group of leading businessmen in Albion, Idaho. Cassia County needed a bank, and they proposed to start one in what was then the county seat.
D.L. Evans bank clerk, Albion, early 1900s.
D. L. Evans Bank.

When their intention was originally announced, the Albion Times, quoted in the Idaho Register, Idaho Falls (August 12, 1904) said, “This is an institution that is badly needed in Cassia county and no doubt it will do a good business.”

The bank, called the D.L. Evans Bank after the Senator, began in a one-story wood frame building but expanded into a two-story stone structure just three years later.

By the time “D.L.” helped found his namesake bank, he already had a fine record of accomplishment. In 1871, his widowed mother sold the family farm near Brigham City, Utah, where David was born. Her brood of sons and stepsons needed more room for their own places. The family therefore moved to a homestead near Malad City, Idaho. David was sixteen years old.

After study at the University of Deseret (now the University of Utah), D.L. taught school for a number of years. He also helped with the family farm, and continued to do so even as he pursued other interests.

In 1882, he served a term in the Idaho Territorial Legislature, representing Oneida County. Evans probably found that experience stressful because the governor raised the issue of “suppressing polygamy,” a direct threat to D.L.’s Mormon beliefs.

Two years later, D.L. and his brother Lorenzo bought a co-operative store in Malad that became the “Evans Co-op.” The Co-op’s building is now on the National Register of Historic Places.  Eight years later, a group of “prominent businessmen” founded the J. N. Ireland Bank [blog, May 15]. While the other founders besides Ireland are not named in available records, it seems likely that David, and probably his brother, were among them. (Some years later, D.L. would be president of that bank.)

D.L. Evans, ca 1928.
Evans family archives.
In 1899, voters again elected David to the legislature, this time for the state of Idaho. House members then selected him to be Speaker. Four years later, he was elected to the state Senate in a very close election. It was towards the end of his term when he led the establishment of the bank in Albion. He would serve in the Senate again, five years before his death in July 1929.

The Albion bank remained in the same facility for sixty years, finally moving to a new building in 1970. Nine years later, the company opened a branch bank in Burley.

The company’s headquarters are now also in Burley, and they have over two dozen branches and lending offices. These include locations in Pocatello, Twin Falls, Ketchum, Boise, Nampa, and more.

Today, the Evans descendants continue the tradition of family banking: The bank company’s President and Chief Executive Officer are, respectively, grandson and great-grandson of David Lloyd Evans. Moreover, family members – including David L. Evans, IV – hold a substantial number of positions on the current Board of Directors.
                                                                                                                                     
References: [Blue], [Hawley]
Lisa Davis Jensen, “History of Winnefred (Gwen) Lloyd Roberts Evans, Daniel L. Roberts, David Rees Evans,” Welsh Mormon History, Dr. Ronald Dennis (ed.).
Our History, D. L. Evans Bank, Burley, Idaho.

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