Evening Republican, Volume 22, Number 179, Rensselaer, Jasper County, 31 July 1919 — OFFICERS FOR NEW BANK NAMED WEDNESDAY EVENING [ARTICLE]

OFFICERS FOR NEW BANK NAMED WEDNESDAY EVENING

Stockholders of Farmers’ and Merchants’ National Bank Met. The. first meeting of the Farmers’ and Merchants’ National bank was held in the court room in this city Wednesday afternoon. A very large per cent of the eighty stockholders was present. The following officers were elected to pilot the new institution: President, George A. Williams; vice-president, Walter V. Porter; cashier, Joseph P. Hammond; assistant cashier, Clifford E. Payne. The directors elected were: George A. Williams, Walter V.' Porter, Joseph P. Hammond, D. E. Grow, Oren Parker, W. L. Bott and Isaac Leopold. Another raise had been made in the capital stock of the bank upon the advise of a national bank examiner, who was here this week. The institution will be capitalized at S7W)OO with $7,500 surplus. It is understood that the most of the stock has been placed. There are now some eighty stockholders and this number may be increased to ninety or more. The examiner assured Mr. Hammond that the charter would be issued in a very short time. Mr. Hamnjond says that the bank will be opened and ready for business in the near future and will occupy the Hollingsworth room on south Van Rensselaer street pending the remodeling of the permanent home at the corner of Washington and Van Rensselaer streets.