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Show Presorted Standard U.S. Postage PAID Permit No. 11 Gunnison, UT ECRWSS Volume 5 • Number 43 The Smith Bros. Dirt Band Concert Thur Oct 22 • 7 p.m @ Casino Star Theatre Advance tickets: $10 for adults, $5 for seniors & students. At the door the night of the performance, tickets will be $12 for adults and $6 for seniors and students. Meet the Candidate Night Wed. Oct. 28 • 7 pm Donaldson Insurance Building All candidates running for office in Centerfield and Gunnison are invited to participate. Senior Hearing Check Oct 28 • 10 am to Noon Community Care Center Important Flu/School Reminder It is very important that your child stay at home until at least 24 hours after there is no longer a fever or signs of a fever (without the use of a fever-reducing medicine). Have something for the “What’s Happening in Gunnison Valley”? Send it to gazette@gtelco.net fax to 528-5179 or call 528-5178 Thursday, October 22, 2009 Gunnison Valley Bank is celebrat- has not changed. ing 100 years of providing banking According to Paul Andersen, services in Sanpete County. It first President and CEO of Gunnison Valley opened its doors to customers on Oc- Bank, “current economic conditions tober 23, 1909. Since then, Gunnison are not dramatically different from Valley Bank has been a source of fi- previous economic downturns, but we nancial stability and growth. are committed to positioning the Bank The first test of Gunnison for a long and healthy future.” AnderValley Bank’s financial strength oc- sen explains that Bank management curred in the 1920’s. Sanpete County, is already implementing measures to like many rural areas throughout the safeguard the Bank’s stability. GunUnited States, experienced a severe ag- nison Valley Bank voluntarily entered ricultural recession. Gunnison Valley into an agreement with the Federal Bank lessened Deposit Insurance the hardship Corporation and As one of Utah’s last remaining for Gunnison the Utah Departcommunity banks, Gunnison Valley farmers ment of Financial Valley Bank boasts a colorby continuing Institutions which ful history. The lone robbery to lend and by requires the Bank attempt on record occurred in merging with to take certain meaearly January of 1929 when an Gunnison City sures to strengthen National Bank its financial condiattempt was made to drill the in 1923 and tion and operations. safe. The robbers were unsucCenterfield Under the “Concessful and were apprehend by Bank in 1926. sent Agreement”, the Gunnison Posse a few hours the Bank agreed to When the after the attempt was made. certain measures to agricultural recession of improve its capital the 1920’s position, maintain grew into the Great Depression of the liquidity, and reduce its level of non1930’s, Gunnison Valley Bank again performing assets. Andersen explains demonstrated its stability. In 1933, that “Bank management and the Board bank failures became such a common of Directors are committed to working occurrence that President Franklin D. closely with regulators to comply with Roosevelt declared a “banking holi- the terms of the agreement and ensure day.” The banking holiday closed all the Bank’s continued strength.” The banks until government regulators agreement will have no impact on the could determine which banks were services provided by the Bank or the financially stable. Gunnison Valley security of customer deposits. The Bank was one of the first banks al- Bank is federally insured and customer lowed to reopen. The Nation’s Digest, deposits remain secure and fully cova prominent New York banking maga- ered up to the federal limits. According to Andersen, whose fazine, praised Gunnison Valley Bank for its strong financial conditions after ther and grandfather also managed the passing through one of the nation’s Bank: “We intend to keep providing worse financial periods. the same great service to our customNow, a century after serving its ers that we have for the last hundred first customer, Gunnison Valley Bank years.” Andersen attributes the ongostill operates in the same building con- ing success of Gunnison Valley Bank structed in 1909. The building was to its customers. “The reason we’re in renovated and expanded in 1979, but business is because of the customers the Bank’s dedication to serving the we have,” he says. “As we build loyfinancial needs of the Gunnison Valley alty with them, they are loyal to us.” Copy Price • 75 cents Gunnison Valley Bank 100 years ago, October 23, 1909. The community’s support for Gunnison Valley Bank is illustrated by the response to a robbery at the Bank 80 years ago. On the night of January 3, 1929, robbers broke through the front doors and into the Bank’s vault. They were able to take some money from the vault, but the bulk of Gunnison Valley Bank’s deposits were secured in a smaller safe. The robbers tried to get the money by drilling into the safe, but their efforts were ultimately unsuccessful. Upon learning of the robbery, men from the Gunnison community formed a posse to chase down and capture the Courtesy Photo robbers. The posse soon apprehended the villains and recovered all of the Bank’s stolen money. These days, Gunnison Valley Bank is not looking to muster a posse. Instead, the Bank’s management and employees are inviting past, current, and future customers to join them in celebrating Gunnison Valley Bank’s centennial anniversary. Please come in between the hours of 11 am and 2 pm on Friday, October 23rd for our birthday party, as we celebrate 100 years of service to the community and look forward to the next 100 years. Mayor Jensen appointed Governor Gary Herbert to Six County Association visits Sanpete County of Governments by CHRISTI GARFF by CHRISTI GARFF Centerfield City Mayor, Darwin Jensen has been appointed by county commissioners to serve on the governing board of the Six County Association of Governments. This is an honor for the twoterm Mayor, and the city of Centerfield with only one mayor appointed from each of the six counties represented by the association. Mayor Jensen stated; “This appointment will give clout to Centerfield City with county and state governments.” An example of the importance of this governing board came recently when Centerfield City, headed by Mayor Jensen was in dire need of an upgrade for the city’s sewer lift station. The station was under built from its inception and kept city employees Keith James and Stewart Jensen in the business of constant repairs just to keep it running. Mayor Jensen went to the Six County Association of Governments with his application, in hopes of receiving a grant to expand the station. With the assistance of the Association Mayor Jensen was able to forgo the usual four to six month wait for a grant and received the necessary $140,000.00 for the expansion that same day. The Six County Association of Governments was established in 1967 and serves Juab, Millard, Sevier, Sanpete, Piute and Wayne Counties. Its purpose is to serve cities, counties and the general population. The General Board retains eighteen county commissioners, and one mayor from each of the six counties. The Six County Association of Governments recently changed its name to The Association of Governments when it expanded to include mayors. This association oversees programs including Aging and Human Resources, Economic Development and Planning Centerfield Mayor Darwin Jensen and Community Development and has a tremendous impact on grants and loan proposals from cities. The goal of the Association of Governments or GOA is to improve life for citizens within the six counties. Mayor Jensen looks forward to serving in this new appointment. After only two official months as Governor of the State of Utah, Gary Herbert met with mayors, city council members and community leaders Thursday, October 15th in the Noyes Building on the campus of Snow College in Ephraim, Utah. Governor Herbert expressed his love of the area having family ties from Ephraim. He outlined the three issues he will focus on during his term as Governor to the nearly 200 residents in attendance. The first priority for Governor Herbert will be economic development. He stated, “I inherited this office during the most challenging time in state history. . . Utah is currently experiencing significant bumps in the road with declining revenues and increasing expenses. . . The key to economic development is to grow the economy so revenue increases instead of raising taxes. I vow to not raise taxes.” Another key to economic Re-elect Christi Garff/Gunnison Valley Gazette Governor Herbert speaks to Sanpete residents last Thursday. development is to make sure, “We are getting the biggest bang for the buck.” To do this Governor Herbert has put together a commission headed by former Governor Norman Bangerter, 2002 Olympic Committee member Frazier Bullock and Nolan Karras, former Speaker of the House for the State of Utah and twenty-five bipartisan volunteers to take an in-depth look at government services looking for ways for these government agencies to become more efficient. “We believe in the free market system. I believe in fair trade.” The challenge is to allow the free market to dictate prices. “I am disappointed in what I am hearing from Washington. Capitalism is becoming a dirty word.” Governor Herbert does See GOVERNOR, Page 5 |
