The Morris State Bank was opened in Pony, Montana, in 1902, with a capital stock of $50,000. The bank moved into a newly constructed building in early 1903. William W. Morris was president of the Morris State Bank until his death in October 19O4. Thomas Duncan served initially as vice president and then succeeded to the presidency in 1905. Following his death that same year, Mary B. Elling became president. Charles E. Morris served as a director in 19O2 and became vice president in 1905. Cashiers for the bank included Philip H. (Harry) Gohn and Fred G. Smith. Other officers included M. M. Duncan, a Virginia City attorney, who served as a director, and Henry J. Schreiber who was a vice president beginning in 1904. By June 1906, the Morris State Bank had achieved deposits in the amount of $200,000 and was conducting business with banks in Montana and throughout the country. A close business relationship existed with the Elling State Bank of Virginia City and the Union Bank and Trust Company of Helena, whose president was George L. Ramsey. The Montana banks were members of the Montana Bankers Association which issued warnings about fraudulent customers in the state and informed banks of pending legislation effecting the banking industry in the state. The officers and directors of the Morris State Bank were businessmen and active members of the Pony community. Several businesses were connected to the bank through these people. Henry Elling and William Morris were partners in Elling and Morris, which had a quartz mill and an electric light plant. Charles E. Morris and James A. Flint, an attorney, were partners in Morris and Flint, a real estate and insurance business, with an office in the Morris State Bank building. Harry Gohn was president of Citizens Telephone Company. Fred Smith was a notary, trustee for the board of education, an insurance agent, and mayor of Pony in 1911. Henry Schreiber ran a mercantile company and served as treasurer for the city. The Morris State Bank closed and went into voluntary liquidation on February 1, 1926. At that time the board of directors borrowed $96,000 from the Elling Estates Company so that all depositors could be paid. The bank then came under the jurisdiction of a liquidating agent.