The daily sentinel., 1905-03-28
Changes in the Grand Valley Nation.
al Bank.

Some important changes are soon
| to take place at the Grand Valley
| National Bank.
Mr.. Max Buchanan, one of its
/ founders and its cashier. will short
/ ly resign his office. in order to ac-
I eept a very important position with
/ the Reed Investment Company of
I Colorado Springs. the position being
I that of manager of the bond and loan
! department. This branch of the
Reed company's business has been
/ expanding very rapidly, and II be-
| came necessary to have a competent
and experienced man in charge. and
| the position was offered to Mr.. Buch-
mann on account of his previous ex-
| perience in that line, and because
/ of his long connection with the Reed
/ Investment Company.
Mr.. buchanan has been connect
ed with the company for many years.
having started in their offices when
not much more than n boy. During
his connection with the company he
has occupied many responsible po-
sitions, having been the manager of
their Offices in London, and having
travelled on important financial mis-
sions to Scotland, France, Mexico
and to the east of our own country.
The new position is big promo
tion for Mr.. Buchanan, as it asso-
ciates him directly with Mr.. Shoup
in the management of the large in
terests of this rapidly growing COM
pany and will take him to the large
financial centers. IL is expected that
in his new position he will bring
much new money into Colorado. Yet.
while he is glad of his promotion
and of such handsome recognition
OF his abilities. he regrets TO leave
Grand Junction, of which he is very
fond and in whose future he is a
firm believer. One thing he has al
ready done shows his faith in the
city: he has induced the Reed COM
pany to add the city of Grand juno
ton to its loaning field Heretofore
IL has confined its mortgage loan
business here to farm loans: but.
upon Mr.. Buchmann's advice. it will
now take all good city loans that
are offered. This feature of the bust
ness will bring Mr.. Buchanan here
often. He retains n directorship in
the bank
Mr. Buchanan will be succeeded
as cashier by Mr. V. c. Talbert, an
experienced banker who was for
merly assistant cashier of the EX-
change National Bank of Colorado
Springs, in which bank Mr.. Werner
u. Reed of the Grand Valley National
Bank has been a director for many
years. Mr.. Talbert met Messrs. Reed
and Shoup here at the time of their
last visit. looked the field entirely
over and decided that he was willing
to choose this as his permanent
home. He has purchased an interest
in the bank. Mr.. Phillips has sold
his holdings. Mr.. Buchanan will
remain in the bank until Mr. Tai
bert is fully acquainted With all de
tails of the business.
Mr. Reed, the largest holder in
the bank. recently said: 81 am very
much pleased with the fine record of
the Grand Valley National and it's
outlook for the future. At the time
the bank was founded we were for
tunate enough to associate with us
some of the best citizens of the val
ley and from the first day the bust
ness has increased. This is a fine
record especially when it is remem-
bered that Mr.. Buchanan, the cash
Ter. came here a stranger. True, he
had had an unusually wide financial
experience; but. as It was altogether
in big cities. / think he has every
thing to be proud of. In his new po-
siton Mr. Buchanan will have even
wider field, and | predict that his
financial future will be a continuous
success.
The Reed people have invested
very large sums of money in the
Grand valley and intend to continue
doing so. Mr.. Buchmann's intimate
acquaintance with the valley and its
resources will be OF great service to
the financial family" Of which he is
so important member.