He assumed control in the financial turmoil following World War I, and by 1919, he was serving as the bank's president. His wife, Jenny Olson Rasmuson, sat on the board of directors.
During the economic turmoil after World War I, he assumed control of the bank. By 1919, he held the position of president. His wife, Jenny Olson Rasmuson, was a member of the bank's board of directors.