The railroad encouraged the growth of Duluth's economy. A schoolhouse was built in 1871 on the site of what is now Coleman Middle School (formerly Duluth Middle School and Duluth Elementary School). The first Methodist church was organized in 1871, and the first Baptist congregation formed in 1886. Both churches continue today at new locations along State Route 120. The Bank of Duluth was charted in 1904, followed by the Farmers and Merchants Bank in 1911. Neither survived the Great Depression.