The Racine City Bank was organized in 1907 and opened its doors for business on the 25th of January, 1908. Its first directorate included William G. Gittings, who was chosen president: Fred W. Gunther, vice president; Henry N. Bacon, cashier: C. A. Wustum, Chris Slot, E. C. Tecktonius, W. T. Harvey, A. J. Piper, Thomas Hay, W. J. Higgins and G. W. Blythe. There was no change in the personnel of the officers of the bank, a fact which indicates the harmonious relations which have ever existed in the management and the efficiency of those who as officers control the affairs of the institution, until two vacancies occurred, owing to the death of Mr. Slot and Mr. Wustum, after which Peter Nelson and W. H. Bell succeeded to the places on the board made vacant by death. The bank was capitalized for fifty thousand dollars and is located at 1345 Washington Avenue. The business of the bank has steadily increased and its deposits now amount to more than five hundred thousand dollars. It is regarded as one of the safe, substantial moneyed concerns of southern Wisconsin, for back of it are men of well known reliability, and the growth has been the legitimate outcome of a business policy that is based upon a thorough recognition of the fact that the bank is most worthy of patronage which most carefully safeguards the interests of its depositors.
Source: Stone, Fanny S. Racine, Belle City of the lakes, and Racine County, Wisconsin : a record of settlement, organization, progress and achievement; Chicago: S. J. Clarke Pub. Co., 1916.