Jasper County Democrat, Volume 22, Number 84, Rensselaer, Jasper County, 17 January 1920 — RE-ELECTED OLD DIRECTORS [ARTICLE]

RE-ELECTED OLD DIRECTORS

At Meeting of F. & M. National Bank Stockholders. At the regular annual stockholders meeting of the Farmers and Merchants National bank Tuesday evening, the directors elected at the organization meeting some three months ago were all re-lected, as follows: George A. Williams, W. V. Porter, J. P. z Hammond, D. E. Grow, O. F. Parker, Ike Leopold, W. L. Bott In the reorganization of the officers George A. Williams was reelected president; Walter V. Porter, vice-president; J. P. Hammond, cashier, and C. E. Payne, assistant cashier. Cashier Hammond reported that the bank’s resources at the end of the first 12 weeks since its organization was $236,472.92, on Dec. 31, and that it had passed the mark at the time of Lhis meeting, which was considered a phenomenal growth indeed. The deposits alone are now over $160,004) and a like amount in loans had been made, thus now earning money for the 113 stockholders.