Wednesday, March 18, 2015
Payson Exchange Bank--Photo of the Day
In 1924, after more than thirty years in business, the Payson Exchange Bank failed and closed its doors. In 1927, Payson City purchased the building and established a city office complex. The City Library was moved from the Hancock Building located a block north of the old bank building. The library occupied the main west portion of the bank. The City Council Chamber was located on the second floor above the library
The City Offices were moved from the old City Hall across the street west of the City Park to the east rooms of the bank building. The offices had their own entrance located on Utah Avenue. The city police and a jail were located adjacent to the city offices. R. W. McMullin, attorney-at-law occupied the rooms above the city offices.
The bank building housed the library and city offices until the early 1980's when they were moved to the new city complex located in the newly remodeled Payson City Hospital building located on West Utah Avenue.