Miners & Merchants Bank - Lake City

231 Silver Street
PO Box 310
Lake City, CO 81235

Ph: 970-944-2242
Toll Free: 800-453-0123
Fax: 970-944-2524

Lobby Hours
Monday - Thursday - 9:00 am to 4:00 pm
Friday - 9:00 am to 5:00 pm


The Miners & Merchants Bank of Lake City originally opened its doors in April, 1877. It was housed in The Stone Bank Block, constructed at the corner of Third and Silver Street. The bank survived the silver crash of 1893 and thrived in the great boom caused by gold mining. By 1914, however, the times of great boom had ended in Hinsdale County. A majority of the county’s mines were closed and the Miners & Merchants Bank shut its doors.

Early in the 1980’s Lake City community members began talking about a need for a local bank. A few community leaders moved forward with the First National Bank of Lake City. Stock in the start-up bank was offered to any community members who wanted to join in, $10 per share. With that, a truly community bank was established with over 200 mostly local stockholders.

In 2004 Pine River Valley Bank purchased The First National Bank of Lake City and Creede.  Both banks retained their separate identities until 2007 when FNB was merged into PRVB. Based on the input from customer surveys, it was decided that the two mountain branches would use the name “Miners and Merchants Bank” in honor of its long historical significance to both communities. 

In 2012, our Miners & Merchants Bank, located in the original stone bank building in Lake City, was renovated and restored to what it looked like when it first opened its doors in the late 1800s!