THE HISTORY OF FIVE POINTS BANK

Five Points Bank was born in Grand Island, Nebraska out of its founder, William W. Marshall Jr.’s idea to capitalize on a banking location close to the biggest retailer in Nebraska at the time, Skagway. During that era, the banking laws prevented banks from branching more than 500 feet from their existing structures. Thus, the only way to establish a bank close to the industrious Five Points area was to charter a new bank. The group of local investors received a new bank charter in June of 1970. At that time, the Five Points Bank charter was the first charter to be granted in the Grand Island community since the Depression Era.

In September of 1971, Five Points Bank opened its doors. Under the leadership of William W. Marshall Jr., William W. Marshall III, and Al Stelling, at the end of its first year, the bank had grown to $700,000 in total assets. In 1975, William W. Marshall III became the President of Five Points Bank. Utilizing William W. Marshall Jr.’s salesmanship he had learned in the grocery business and William W. Marshall III’s legal background, the bank enjoyed profitable years and growth. By 1977, the bank had grown to $10 million in total assets. Throughout the 1970’s, the bank began to notably penetrate the Grand Island marketplace.

After thankfully averting most of the pitfalls of the farm crisis, Five Points Bank continued to grow during the 1980’s. In 1981, Five Points Bank opened its first branch on Stolley Park Road. By 1987, the bank had grown to $87 million in total assets, and in 1989, the year William W. Marshall Jr. passed away, the bank was $90 million in total assets.

During the 1990’s, Five Points Bank continued to expand into the Grand Island marketplace. In 1992, the bank had reached $132 million in total assets. In 1994, the Northwest Branch opened to utilize the business expansion along the HWY 281 corridor. In 1997, Hometown Banc Corp. was created as a one bank holding company which owned Five Points Bank. The holding company was created not only for tax purposes but to aid in expanding the bank into other Nebraska communities.

At the turn of the millennium, Five Points Bank had shown exceptional growth and had grown to reach $320 million in total assets. The bank had grown into the largest bank in the Grand Island area. During the summer of 2000, Five Points Bank decided to partner with a group of local Hastings investors and establish a bank in Hastings. After a successful two years in Hastings, Five Points Bank decided to branch into the Kearney market. By 2005, Hometown Banc Corp. had grown to $483 million in total assets, and by 2010 the holding company had grown to $808 million in total assets. In 2011, Five Points Bank entered the Omaha market.

On October 12, 2012, Five Points Bank and Five Points Bank Hastings $1,000,000,000 in total assets. Today, Five Points Bank is the largest banking operation in the Tri-City area. Also, as of December 31, 2017, Hometown Banc Corp, Five Points Bank’s parent company, is the eleventh largest banking operation in the state of Nebraska with over $1,300,000,000 in total assets. Not only has Five Points Bank grown in asset size, but it is continually recognized as a banking leader by numerous banking publications such Bankrate.com and Bauer Financial for its overall exceptional safe and sound operation.

In the spring of 2016, Five Points Bank opened its “state of the art” technology center in its Stolley Park business campus. The opening of the Technology Center reconfirms Five Points Banks dedication to providing its customers the best in banking products and technology.

Opening in the early summer of 2018, Five Points Bank looks forward to expanding its operation into the Lincoln market. For years to come, Five Points Bank looks forward to taking care of its customers, contributing to its local communities, and overall, being “Nebraska’s Better Bank” for banking services and banking technology.

 

 



Equal Housing Lender Member FDIC© 2008 Five Points Bank. All Rights Reserved. Five Points Bank and Five Points Bank of Hastings are divisions of Hometown Banc Corp.