The Fremont neighborhood of Seattle started out in 1888 with some major industries including a lumber mill, tannery and iron foundry. By the 1920s there were only two large business sites and there were other subtle signs of decline in the business climate in Fremont. Fremont had become a mostly-residential neighborhood with a business district along North 34th Street, containing small stores, restaurants and services such as laundries and automotive repair shops.

The building at left, on the corner of 35th and Fremont Avenue was the first site of the Queen City Bank in 1922. Photo by Valarie.
The two largest companies in Fremont in the 1920s were Bryant Lumber Mill and the McMullen Company which provided building materials and fuel. Executive officers of these two companies joined together to form a banking business, filing an Article of Incorporation with the State of Washington on October 10, 1922. The bank was named Queen City Bank and opened at 3424 Fremont Avenue at the southeast corner of North 35th Street.
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