Pioneer Bank opened its doors on February 18, 1901 as the Roswell Building & Loan Association in Roswell, New Mexico, to meet the need for capital to finance home construction. Over the past century, Pioneer Bank has grown into southern New Mexico’s number one community-based institution for business and personal banking.

The Association’s capital goal had originally been set at $100,000; however, by September 1, 1901, the founders had raised $200,000. During the 20th century, steady progress and success allowed the bank to add branches throughout southern New Mexico and establish Pioneer Mortgage Company in west Texas.