Jasper County Democrat, Volume 9, Number 10, Rensselaer, Jasper County, 9 June 1906 — RENSSELAER BANK TO LIQUIDATE. [ARTICLE]

RENSSELAER BANK TO LIQUIDATE.

Gradually Winding Up Its Affairs and Will Retire.—New Trust and Savings Bank To Be Formed. The Rensselaer Bank, generallycalled the “Harris bank” is gradually closing up its affairs and will retire from the banking business. The proprietors will devote their attention to their large farming and stock growing interests. A move is now on foot, the details of which we are not at liberty to publish at this time, to organize a trust and savings company here with a local capital behind it, to take the place of the Harris bank, and it is probable that it will occupy the present quarters of said bank. The object of this proposed trust company is to do a savings and banking business, administer upon estates, furnish bonds, and do a general trust company business. Similar institutions have been organized at Monticello and other places and fill a place that an ordinary bank can not fill.