July 15, 1931, the Mt. Pleasant Commercial and Savings Bank closed its doors, and July 20th, the North Sanpete Bank failed to open.
and Zions Bancorporation announced according to (UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934) that BancWest
Corporation would acquire 68 Zions and First Security branches and
associated deposits and loans in Utah and Idaho. The sale was required to
ensure that the merger of equals of First Security and Zions would not have any anti-competitive effect in any market to be served by the new First Security.
Mt. Pleasant now has two banks and one credit union to serve its population.
Wells Fargo Bank of Mt. Pleasant is now located in the building where First Security built in 1972 on the corner of first west and Main Street. (110 West Main Street)