Most people believed their money was safe
Until 1929
After that the Great Depression
Was not that far behind.
Answer: First State Bank of Montgomery
The First State Bank of Montgomery is located at 211 Liberty and is one of the first banks in Texas. The bank was chartered in December 1906 and began operating in another building. The building was completed in 1908 and remains the oldest existing commercial building in this area.
It was the town's only bank and served the cotton farmers in the area. The safe was stolen once and the vault still has scars from the robbery. The bank crashed financially during the Great Depression and fell victim to a voluntary liquidation in 1934. It offered usual bank provision but also provided insurance. The bank is now the home of Retreat Hill Winery.