Jasper County Democrat, Volume 22, Number 84, Rensselaer, Jasper County, 17 January 1920 — WILL INCREASE CAPITAL STOCK [ARTICLE]

WILL INCREASE CAPITAL STOCK

MM National Bank to Double Ite Capital to $120,000. expansion of Rensselaer tasks is still going on, the First National, the oldest bank in the ' eity, being the latest to propose to add to its capital stock, increasing it from |60,000 to $120,- • Ot. K ie understood that -the additional stock will be sold at $l5O per. ahare, or SSO above its face vakie, |l5O being the cash value of the present stock, and much of the new stock has already been spoken for, it is said'. The addition of $60,000 to its capital stock will make the First National the largest capitalized bank in Jasper county by $20,000, the Trust & Savings bank being next with SIOO,OOO, State and the new Farmers and Merchants National next with $75,000 each, or a total capital for the four banks here of $370,000.