Jasper County Democrat, Volume 20, Number 48, Rensselaer, Jasper County, 15 September 1917 — NEW RANK IS CONSOLIDATED [ARTICLE]

NEW RANK IS CONSOLIDATED

With the Old Established Trust and Savings Bank. At a meeting Tuesday night of the stockholders of the newly organized Farmers’ Bank and Trust company, it was voted to consolidate that institution with the old established . Trust and Savings bank. This is one of the most important business deals consumated in this city for some time, as it creates a bank with a larger capital stock than any other banking institution in the county—sloo,ooo. AH of the stockholders in the new bank become stockholders in the Trust and Savings bank, and will have a voice in its affairs in the future. There will be no immediate change in the building plans occasioned by the consolidation. Wbrk will proceed along the lines already adopted for the reconstruction of the corner bank building, but should the business in the future make it necessary the entire first floor of the building will jbe utilized and made a part of the banking room. The present plans leave the room at the south, at present occupied temporarily by the Trust and Savings bank, available for some other business. There was little or no doubt in the minds of any associated with the organization of the new bank but jvhat there was sufficient business here for another, but the consolidation appealed to 'many from the standpoint of economy of operation, but one banking house and one set of officers being required, while with the increased capital stock and broadened list of stockholders, the one will do practically as much business as the two.