Jasper County Democrat, Volume 14, Number 26, Rensselaer, Jasper County, 19 July 1911 — NEW BANK FOR REMINGTON. [ARTICLE]

NEW BANK FOR REMINGTON.

William S. Baugh, president of the American National bank at ■ z I .

Lafayette, is at the head of the new banking project which will result in the establishing of a new state bank in Remington in the near future. Associated with Mr. Baugh in the enterprise are T. A. Hollingsworth oi Monon and a number of Remington, Monon and Lafayette capitalists. The bank has been capitalized at $25,000 and a building has been leased of Daniel O’Connor to be used by the bank. Remington has already one bank that was established after the failure of the Parker bank. A number of Remington business men sought Mr. Baugh’s help in establishing a second bank there as his bank at Monon has proven a success. Mr. Baugh said Saturday that the management of the new bank would be in the hands of Remington people, although considerable of the stock would be owned in Lafayette. About twothirds of the stock has already been sold and in a short time articles of incorporation will be filed. The directors and officers will be selected later.—Monticello Journal.