Hammond Times, Volume 14, Number 238, Hammond, Lake County, 26 March 1920 — Page 5

Fria.iv. MarHr'JH. U,'20.

tjik timks Page Five HIM mill IliMM mn Ml lillllllllllllilllllllllllllll Milling

If i li

lltllllHIMIIIIIIIlMIMIIIinMIUIIIIIIIMIUlMMIMIMIIItllliniMIMMllMMIMIIIItlllllMIMIMIIIIIMtllMliin 1 - " The First National Bank I and !

e County Savings & Trust Co.

of HAMMOND, INDIANA are pleased to announce that, tKrough" an arrangement entered into by the stockholders of both institutions, the ownership Has been equalized so that the stockholders of each bank become pro-rata shareholders in both. In order to bring this condition about most advantageously, the name of the Lake County Savings & Trust Company has been changed to FIRST TRUST & SAVINGS BANK, and the Capital Stock increased from. $50,000.00 to $125,000.00 Thus, the Combined Capital Stock of the First National Bank and the First Trust & Savings Bank becomes $375,000, 00 The Combined Surplus and Undivided Profits amount to $126,934,27 Total Combined Capital Invested $501,934,27 The Combined Total Assets $7,069,491,83 - Following are condensed statements of the two institutions which confirm the above figures and which statements also bear out the wisdom of the move from the standpoint of creating an organization with ability to serve the banking public to the best poss,ble advantage m every detail. STATEMENTS OF CONDITION

First Trust & Savings Bank

First National Bank RESOURCES Loans and Discounts T'oT on? n United States Bonds 1 'tXnly Other Bonds and Securities 17 Interest Earned. Not Collected o??n m Federal Reserve Bank Stock i?'?mm Redemption Fund. U. S. Treasurer ' a Real Estate , - n?T-S Cash and Due from Banks 1.063,034.39 $5,068,875.95 LIABILITIES Capital Stock $ 250,000.00 Surplus , Undivided Profits . . . . i 2 .364. 53 Discount Collected, Unearned 7 it or! Reserve for Taxes and Interest Circulation S'SS Bills Payable with Federal Reserve Bank 1 30.000.00 Deposits 4.323.997.37 $5,088,875.95

RESOURCES

Loans Government Bonds Other Bonds Bills in Transit Real Estate Due from Departments. . . Investment Fund Cash and Due from Banks.

$1,355,989.59 356.900.00 53.056.52 283.05 7.952.35 42.627.58 25,000.00 138,804.79

$1,980,615.68 LIABILITIES

Capital Stock $ Undivided Profits Due Departments Certified Checks . .,

Deposits 1.607.948.54 Other Liabilities . 158.960.19

125,000.00 29.569.74 55.918.31 3.219.10

$1,980,615.88

" With combined assets aggregating over SEVEN MILLION DOLLARS, it can readily be seen that these two banks are in a position to handle all legitimate financial requirements of this wonderful district. In appreciation of the tremendous volume of business accorded us it has been our ambition to serve our customers competently and efficiently in he banking line, and with this ambition in view, we have concluded, after careful consideration, that the step we have taken is the best way to accomplish this. Trusting that we may continue to receive trie co-operation of the public, and in turn assuring the pub.ic of our determination to merit its continued confidence and co-operation, we submit the above facts.

First National Bank

OFFICERS

A. M. TURNER. Pres. JOHN E. FITZGERALD. Vice Pres. W. C. BELMAN, Vice Pres.

M. M. TOWLE, Cashier. W. H. RIPPE. Asst. Cashier. ' P. H. FEDDER. Asst. Cashier.

A. M. TURNER. PETER W. MEYN. JOHN E. FITZGERALD.

DIRECTORS W. C. BELMAN. FRANK S. BETZ. CARL KAUFMANN.

OTTO KNOERZER. JOHN F. BECKMAN. M. M. TOWLE.

First Trust & Savings Bank Formerly known as Lake County Savings & Trust Co. OFFICERS PETER W. MEW. Pres. DAVID T. EMERY. Sec.-Treas. JOS. W. WEIS. Vice Pres. C. H. WOLTERS. Asst. Sec.-Trcas. DIRECTORS PETER W. MEYN. A. M. TURNER. W. C. BELMAN. JOSEPH W. WEIS. FRANK S. BETZ. ALBERT MAACK. DAVID T. EMERY. JOHN N. BECKMAN. JULIUS H. MEW.

,,,.,,,,,,,,,,..,, 1 , ininmiMiiffiirmfflfiillTIflTmniiiiiiiMini niiMiiiiiiiMMMiuiiMiiniiiiiMiMMiniMIUImmimiIllllMMHnHIIIIMiniuiiiiHiIHIIiiiMIiii''i'lllliiiini iimiiiiiiiiiim iiniiiiiiiiiiiiiniiiita

IliMBMilM iiiiiiiiiiiiiiiniiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiillllllliiiiililiil