For a time, Standish was a very prosperous community in the Honey Lake Valley. Not only did it have numerous businesses, but a hotel, and a creamery, too. Everything was so good, in fact, that it even had its own financial institution.
In 1892, the Bank of Lassen County was established in Susanville, the first of its kind in Lassen County. In the spring of 1915, the bank announced it was going to open its first branch in Standish. However, it encountered some delays, especially with the installation of big safe, inside the Wrede Hotel, where the branch office would be located. On August 30, 1915, the branch opened with W.H. “Wally” Fulton, as the manager. Fulton had a long association with the financial institution, and equally important was well-known in the Standish region, having been married to Kathryn Mapes. The Standish Branch operated for ten years, closing its doors on December 31, 1925.
Wally Fulton later moved to Susanville and in 1933 became the City’s Treasurer. He remained in that position until his untimely death in 1941 by suicide. He used a gun in the city vault, and waited until the noon whistle from the Fruit Growers mill to mute the sound of the gun shot.