Rensselaer Semi-Weekly Republican, Volume 41, Number 7, Rensselaer, Jasper County, 2 October 1908 — Will Probably Bay Remington Bank [ARTICLE]

Will Probably Bay Remington Bank

A number of well-to-do farmers and businessmen living in and near Remington recently formed an organization for the purpose of running a state bank. Ever since the Parked bank failure last December there has been talk of organizing a new bank, but it was thought for a time that the plan had been given up. The new organization had no more than been formed, however, when negotiations were begun to purchare the First National bank there, which is owned by the Rensselaer First National, and it is probably that the outcome will be that the new organization will take over the First National of Remington, and to that end a committee represenlng the new organization is here today conferring with the First National owners. If the deal is accomplished it is probable that the bank will be continued as a national bank, and that it will secure the old Parker bank building as a home for the bank. * „ James H. Gilbert, trustee of Gibboa township, Benton county, is the president of the new concern, and associated with him are J. H. Biddle, Elias Julian, Chris Hensler, W. I. McCullough, Dr. E. Besser, S. G. Hand, W. L. Gumm, John R. Wilson, Jas. L. Sheetz, Frank J. Babcock and others. The substantiality of the men behind the new organization assures a strong banking institution.