 Among the early industries represented in the newly incorporated town were a flour mill, a grain elevator, several grain warehouses, a bank, two hotels, two hardware and implement stores, two furniture stores, three dry goods stores, four blacksmiths, two barber shops, three millinery shops, two newspapers, and a livery stable.The Montrose Savings Bank was organized June 4, 1895 and began operating the following day.The first directors were R.H. Dugan, E.W.