Since purchasing the bank in 1918, William Pittman was gaining confidence with the people of Seiling and the surrounding communities. In 1925, he purchased the town lot located at 301 North Main and a colonial style building was constructed. The Seiling State Bank was solid and business was good.
W. L. was a wise man when it came to the markets and banking. He watched them closely and stayed aware of what was happening in the bank industry. When the stock market crash came in October 1929, he was not caught unaware of the situation. He had thought the depression would begin in April 1929. He had begun to prepare for the crash in January 1929 and the Seiling State Bank was in a very liquid condition which meant that his customers would have easy access to their cash when the depression started.
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