The Seaman High School Bank has been in operation since 1927. Mr. Fred A. Seaman was the founder of the bank; however, he turned the authority of the bank over to Mr. Charles "Chuck" D. Logan.

An article written in 1928 concerning the bank stated:
"The Seaman Bank has been operating six months. From an enrollment of 250 students, deposits aggregating $2,100 have been received. Students may borrow from the bank and have borrowed in amounts from $0.25 to $10.00."

Mr. Logan continued as the sponsor of the bank; but when he became principal of the high school in 1931, he appointed Ms. Eunice Ward to be in charge of the bank. During these years the bank continued to grow even through the depression. It was during this time that the bank lost its only loan. Legend has it that the money, $5, was used to purchase a marriage license.

As all other banks did in 1933, the Seaman Bank closed for three days in accordance with the President's proclamation.

The Seaman Bank moved to the new high school at 1124 West Lyman in 1954. By this time the bank was doing an annual business of $35,000.