On this site the First Bank in Reagan County was founded, with capital stock of $15,000.00. The initial stockholders meeting was held on March 29, 1913. The title of the institution was the First State Bank of Big Lake. On the original board of directors were James Belcher, P.H. Coates, Henry Japson, C.C. Sanders, W.M. Schneemann, Jr., J.M. Shannon, and J.H. Wilson. That bank began its operations in one room of this structure now used exclusively to house the Reagan State Bank, a successor institution, which was opened for business on September 2, 1969.