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“Bite-Size Bits of Local, National, and Global History”
Oroville in Butte County, California — The American West (Pacific Coastal)
 

First Banking Institution in Ophir

 
 
First Banking Institution in Ophir Marker image. Click for full size.
By Andrew Ruppenstein, March 6, 2009
1. First Banking Institution in Ophir Marker
Inscription.
This tablet commemorates
the establishment
of the
First Banking Institution
in
Ophir
now
Oroville
which was located on this site
and occupied by
McWilliams & Tymeson -
G.A. Emery - Geo. Faulkner & Co. 1855-1865
Rideout Smith & Co. 1866-1912
Rideout Smith National Bank 1912-1922
Bank of Italy 1922-1927
and since March, 1927
by the
Bank of Italy
National
Trust and Savings Association

Dedicated
to the
Pioneers of California
by
Gold Ophir Parlor No. 190 N.D.G.W.
and
Argonaut Parlor No. 8 N.S.G.W.

Placed May 7, 1927
by the
Bank of Italy
National Trust and Savings Association

 
Erected 1927 by Ophir Parlor No. 190 of the Native Daughters of the Golden West and Argonaut Parlor No. 8 of the Native Sons of the Golden West.
 
Marker series. This marker is included in the Native Sons/Daughters of the Golden West marker series.
 
Location. 39° 30.848′ N, 121° 33.336′ W. Marker is in Oroville, California, in Butte County. Marker is at the intersection of Myers Street and Mongomery Street, on the right when traveling north on Myers Street. Click for map. Marker is in this post office area: Oroville CA 95965, United States of America.
 
Other nearby markers. At least 8 other markers are within walking distance
Bank of Italy, Oroville image. Click for full size.
Unknown, Courtesy of the Bancroft Library, University of California, Berkeley, 1920s?
2. Bank of Italy, Oroville
The Bank of Italy, founded by A.P. Giannini in San Francisco in 1904, is now better known as the Bank of America.
of this marker. Site of First Oroville Bank (a few steps from this marker); The American (a few steps from this marker); Site of Boehme & Heep Saloon (a few steps from this marker); First Pharmacy (within shouting distance of this marker); First Liberty Pole In The West (about 300 feet away, measured in a direct line); Edison Building (about 300 feet away); Butte County Court House at Oroville (about 700 feet away); Liberty Pole (about 700 feet away). Click for a list of all markers in Oroville.
 
More about this marker. The marker is located on the Myers Street side of the corner of the Eagle Building.
 
Regarding First Banking Institution in Ophir.

Per their Facebook page, "Argonaut Parlor No. 8 is the third oldest parlor of the Native Sons of the Golden West still in existence--California Parlor No. 1, located in San Francisco and instituted on July 11, 1875, and Stockton Parlor No. 7, instituted on March 12, 1881, are the only other parlors older than Argonaut No. 8 that remain active."

Armstrong and Denny's Financial California: An Historical Review of the Beginnings and Progress Of... note that, "...In 1866 the private banking firm of Rideout and Smith of Marysville was established also in Oroville and began a successful career. The bank was later incorporated as the Bank of Rideout, Snith & Co., but the decadence of mining for a period of time much lessened the scale of operations, which, however, later expanded to a new high record.
Eagle Building (formerly Bank of Italy Building), Oroville image. Click for full size.
By Andrew Ruppenstein, March 6, 2009
3. Eagle Building (formerly Bank of Italy Building), Oroville
N.D. Rideout was president until his death in 1907, when the presidency was assumed by his widow, Phebe M. Rideout, a lady distinguished by marked ability. The bank prospered with the splendid industrial and horticultural development that came to the Oroville region...."

 
Categories. Industry & CommerceNotable Buildings
 
 
Credits. This page originally submitted on , by Andrew Ruppenstein of Sacramento, California. This page has been viewed 1,406 times since then and 6 times this year. Photos:   1, 2, 3. submitted on , by Andrew Ruppenstein of Sacramento, California. • Syd Whittle was the editor who published this page. This page was last revised on June 16, 2016.
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