The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1902-12-26
NEW BANK STARTS
Opened Its Doors for Bust
ness Monday.
Something Of the officers and Dir.
ectors of the National Bank
of Commerce.


Mankato's new bank, opened its
doors for business Monday morning.
1t is located in the Saulpangh corner,
where it has large, airy, and .weH-
lighted apartments. In this respect,
as we'll as in the elegance of the Office
fixtures and furniture, it Is probably
ahead of any other bank in the state
outside of the twin cities and Duluth.
The counters, desks, tables-and all
other Office furniture are of mahog-
any, highly polished, which gives the
bank apartments particularly lat
tractive appearance.
The vault is strongly constructed
and contains the best safe made, weigh
ing A, 300 pounds. The safe has Moster
screw door, time lock, etc. Separate
steel safety deposit boxes will also be
put in as soon as they arrive.
A. o. Oleson, the president of the
bank, is thirty-four years of age. He
was born at Lansing. Iowa. and gradu-
ated from the South Dakota state
normal school at Madison, in 1888. He
Immediately obtained position in
the Security Bank of Dakota at How
ard, Sd, an remained there until
1891, when he accepted the position of
assistant cashier Of the First Ma
tional bank of Wells. MINI. He was
elected cashier of that bank in 1895
and resigned November 1, 1902, to
accept the presidency of the National
Bank of Commerce, but retains his
interest in the First National bank OF
Wells and remains a director. He is
also a director and treasurer OF the
Wells Mutual Building & Loan associ-
alton. He served FIVE years on the
city council of Wells, and three years
on the school board, one term as presi,
dent, and was twice delegate to Re-
publican state convention.
G. L. Oleson, vice president and
cashier, is fourtyfour years old.
He was horn and educated at Lansing,
Iowa. He received his preliminary
bank training in the Lyon county
bank of Rock Rapids, Iowa. and the
Rock County Bank of Luverne. Mimi
He went from Luverne and organized
the Security bank of Dakota at How
ard, S. D., in 1884, and has been man
ager of the same ever since. He hal
organized the First National Bank a.
Howard to succeed the Security bank
| and is president of the new organiza
ton, in which he retains his interest
He has served for many years as
member of the school board at How
ard and has held many other loca
positions of trust. He was grand re
ceiver of the A. o. q. W. lodge of thu
IDakotas, sand was delegate to tn
Republican national convention at st
Louis from 8. D. in 1896. He will
move here with his family and will
occupy the Parry property on Fourtl
street. near Cherry.
| The directors of National Bank o
Commerce are A. o. Oleson and @. L
Oleson: E. 81. Rich, cashier of tn
First National Bank, Fort Dodge
Iowa; u. G. Huntington, capitalist
lLuverne, Mimi. Hon. William F
| Hughes, judge of the probate court
Blue Earth county; William Jacobson
president of the First National bank
'lLuverne, MINI. ]. B. Nielsen, con
tractor and builder, Mankato; Hon
James 81. Quinn, judge of the ut
judicial district, Fairmont: S. B. vii
son, county attorney of Blue Fart
county; M. ]. Phil, president of tn
First National bank of Wells; DIR. A
10. Bjelland. physician and surgeon
Mankato: P. M. Joice, president c
the First National Bank. Lake Mills
Ia, and Fergus Falls National bank
Fergus Falls, MINI.
Two or three new local men will
added to directorate at the next meet
ing of stockholders. to be held in jar
uary. The bank has strong list {
local stockholders, also.
William Flachsenhsr, who has bee
Q for several years trusted employee {
f the First National Bank of this cit.
8 will resign his present position to b
J, come assistant cashier of the new il
i stitution.
!. The policy of the new bank will
i broad and liberal, yet security wi
It not be sacrificed for profit. II
o banks capital is 500, 600. and
d goodly amount of deposits has be-