4/18/2023 0 Comments Ibiz broadway bank![]() ![]() February 15, 1941, as crowds of curious Alamo Heights residents streamed into the small storefront at 5044 Broadway. Their dreams turned into reality at 9 a.m. “I don’t think they felt a stranger coming in town, with no experience, no money and no background in banking, would ever be successful.” Ignoring the skepticism, Cheever’s confidence and enthusiasm won over some Alamo Heights businessmen and Army officers who put up the money to open the new facility. It had never been done before,” Betty said. “They were kind of skeptical about it being successful. He talked to officers at The National Bank of Fort Sam Houston, where he was a depositor, and while “they thought it had possibilities, they weren’t enthusiastic.” ![]() They identified the real need for a financial institution to serve the hundreds of military families who had migrated to San Antonio because of World War II, and the businesses that would serve those new residents.īut the Army officer’s idea of a bank in Alamo Heights was met with an instant, negative reaction, Betty later recalled. It was during those leisurely strolls through the quiet Alamo Heights neighborhood in 1937 that Charlie came up with the idea that the area needed a bank.īanking was inconvenient for their local community because all the banks in San Antonio were located downtown. ![]() The couple often took evening walks through the Alamo Heights area surrounding their Carnahan Avenue home after putting their children, Charlie Jr. It was then that they began to plan for the future. The native Bostonians were so impressed with the city, climate and quality of life that they, like so many others in the Army, decided to make San Antonio their retirement home. For the first time in the family’s life with the military, Betty saw the dollar stretch farther in the Alamo City than anywhere else. Both were excited about their recent transfer to San Antonio. At this time, Charlie was an Army captain and judge advocate stationed at Fort Sam Houston and Betty was a schoolteacher. But it was when the Cheever family transferred to San Antonio that the idea of a local financial institution became their passion. They were married and started building a family. It was within the walls of books and literature that their partnership and romance began. The two were introduced by Betty’s older sister, Agnes, who worked with Charlie in the library. He always had pleasant memories of that job because it was there that he met his future bride. ![]() He was only 15 years old when he landed his first paying job at 20 cents an hour as a part-time assistant librarian at the Boston Public Library. Before founding the bank, he had educated himself about the financial industry by spending nights and weekends reading everything he could find on the subject. Cheever had been introduced to his wife, Betty Daley, while working at the Boston Public Library. She earned a college degree, which was uncommon for women to have at that time.Ĭharles E. We're honored to share Betty’s story, continue her legacy and build upon her extraordinary work.Įven as a young girl growing up in Boston, Massachusetts, education and determination were strong components of Betty’s personality. Her story continues to inspire us to pursue our dreams and make a positive impact in our communities. Her role and contributions to the bank’s inception and business decisions thereafter were pivotal in Broadway’s success then and today. As an entrepreneur and trailblazer, Broadway Bank co-founder Elizabeth “Betty” Cheever paved the way for women business leaders. ![]()
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