Pub. 17 2020 Issue 4

24 O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S — H E L P I N G N E W M E X I C O R E A L I Z E D R E A M S FOR IMMEDIATE RELEASE CONTACT: Juliana Halvorson Vice President of Marketing 575-624-5203 jhalvorson@pioneerbnk.com RE: Pioneer Bank Celebrates 120 Years ROSWELL, New Mexico, February 15, 2021 — February marks 120 years in business for Pioneer Bank. Pioneer Bank opened its doors on February 19, 1901 as the Roswell Building & Loan Association in Roswell, New Mexico, to meet the need for capital to finance home construction. Over the past century, Pioneer Bank has grown into one of southern New Mexico’s most prominent community-based institutions for business and personal banking. “Team Pioneer celebrates 120 years in business by reflecting on our past, but more importantly focusing on our future”, stated Christopher Palmer, President/CEO. “The most inspiring aspect of Pioneer Bank’s continued growth and success are our Team members and our partnership with the communities we serve. W e owe our longevity to our Team, customers, and communities. We will continue to live up to our mission to make a positive difference in the lives of those who work, bank, and invest at Pioneer.” The original meeting of the stockholders was held on December 27, 1900. A committee of nine was chosen to prepare the charter and by-laws, which were filed with the Secretary of the Terri- tory of New Mexico and approved by the stockholders on April 5, 1901. The first President of the Board of Directors was D.S. Rosenwald. The first Directors were W.T. Jones (Vice-President), J.M. Hervey (Secretary), L.K. McGaffey (Treasurer), Nathan Jaffa, George Bixby, L.W. Martin, E.A. Cahoon, E.P. Rasm u ssen, Charles W. Haynes and W.T. Jones. Our Presidents throughout the early years also included Nathan Jaffa, 1902-1903 and 1906-1907; C.C. Tannehill, 1903-1906; E.A. Cahoon, 1907-1935; and Gov. J.F. Hinkle, 1935-1951. Through joint efforts of many, the Association weathered the depression years and established the Association as a sound financial institution serving Roswell and the Pecos Valley. The Association became a member of the Federal Home Loan Bank system on February 1, 1933 , and its accounts were insured by the FLSIC on September 15, 1936.