In September 1886 Samuel R. Bennion was sent here to establish a banking institution called the Ashley Co-op. In 1903 the first pioneer bank opened for business. In 1916 W.H. Coltharp erected this building with Salt Lake City brick. A full carload of brick was used, each wrapped separately and sent by Parcel Post U.S. Mail to Watson, Utah, by train. From there they were hauled to Vernal by freight wagon and teams. It is known as the Parcel Post Bank of the World. With N.J. Meagher, Sr. as cashier, this bank has been a great factor in the development of Uintah Basin.