Five Points Bank Ready to Celebrate 50th Anniversary Year
Five Points Bank, which has grown from the smallest bank in Grand Island into the fifth-largest Nebraska-based bank holding company, will celebrate its 50th anniversary in 2021.
Opening its doors in September 1971, Five Points Bank began with a simple yet ambitious idea.
“There was no bank serving the industrious Five Points area of Grand Island, and laws at that time prevented banks from opening branches more than 500 feet from their existing structures,” said Sharon Marshall, wife of founder William W. Marshall III. “The only solution was to charter a new bank.”
It was the first new bank charter in Grand Island since the Great Depression. Under the leadership of founders William W. Marshall Jr. and William W. Marshall III, Five Points grew to $700,000 in total assets by the end of its first year.
William W. Marshall III became president in 1975, and the bank grew to $10 million in assets by 1977. Other highlights in Five Points’ history:
Five Points Bank will officially mark 50 years in business on Sept. 13, 2021.
“It’s been a terrific ride, and it’s still going stronger than ever,” Sharon Marshall said. “We want to celebrate throughout the year with giveaways, special events and sharing stories with our customers and friends. Stay tuned for details.”