Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1905-04-29
new SAVINGS BANK
BUSINESS OF CITIZENS, BANK TO
BE TRANSFERRED TO clTI-
zENs' SAVINGS BANK.
Reorganization Effected Thursday
Geo. A. Brown to be Vice President
Will Occupy Same iBuiIding-E. o.
HedrIck, Cashier.

4
From Thursdays Daily.
An important event in Ottumwat
financial circles is the reorganization
of the Citizens bank which was ef
fected yesterday, the articles of incor
poratiOn appearing in another column
of this paper.
George A. Brown, president ant
owner of the Citizens bank has fell
for some time that he would like to BIZ
relieved Of a part Of the active oper
alton Of the bank in order to have
more time to devote to his private
business affairs.
For this reason he will on May
transfer the business Of the Citizens
bank to the Citizens Savings bank, 8
new corporation, under the banking
laws of Iowa, in which he will have 8
large interest. Associated with him
will be some of the best citizens OF
Ottumwa and as an added feature OF
strength, the stockholders Of the new
organization will include men inter
ested In several very successful banks
in Des Moines, Odebolt, Newton, Reas'
uOT anu Quiet pOlnLS.
VIII Occupy Same Building.
The Citizens Savings bank will .oc'
cupy the bank building at the corner
of Market and Second streets, so long
occupied by the Citizens bank, which
Is recognized as one of the most con.
servative and strongest financial insti.
tutions In southeastern Iowa. L. A.
Andrew, who has recently became a
resident Of Ottumwa, formerly of Des
Moines, will be president He Is vice
president of the bank at Reasnor, Ia,
and is interested in number of other
banks In central Iowa. George A.
Brown, who has had long and honor
able business career of nearly forty
years in Ottumwa, and Is recognized
as one Of the most conservative, solid
citizens, will be the vice president.
His name in the city is synonymous
with honesty, fair dealing and financial
integrity.
E. o. Hedrlck, Cashier.
3. o. Hedrick, who Is the cashier,
and who is well known in Wapello
county, gained his banking experience
in this city. For the past three years
he has been cashier Of the Douds-Le-
ando Savings bank at Douds, where
he has been very successful He is in
dustrious and popular with all classes
ing business of Ottumwa will be much
appreciated.
Miss Emma Anderson, who has
been for number of years cashier Of
the Citizens bank, will remain in the
bank as assistant cashier. Miss And
erson has served the customers Of the
bank faithfully and they will be glad
to see her continue with the new or
ganization.
Board Of Directors.
For Its board Of directors the new
organization has chosen active men Of
business, successful, careful and COM
petent. Besides Messrs Brown, He'd
rick and Andrew, the board will con-
sist Of Walter T. Hail. e. e. McElroy,
w. H. Heating, DR.. J. F. Herrick of
Ottumwa, and Homer A. Miller Of Des
Moines, and H. B. Allfree of Newton.
Homer A. Miller Is the cashier Of the
Des Moines Saving bank, the largest
bank In Iowa from a commercial point
of view, with capital Of 100000, sur
plus of $4,000 and deposits of about
s6O00,0O0. He is one of the success
full bankers Of the west and is recog-
nized not only in Iowa but in sur
rounding states as a conservative, yet
progressive, man who has had unusual
success and Mr.. Miller stands high
among f1nanciers for his personal en-
ergy and work.
DR.. j. F. Hedrick Is one Of the lead
ing men of his profession and recog-
nized as a conservative man of good
Judgment and highest integrity.
w. T. Hall is the head of the whole
sale confectionery manufacturing COM
pany of w. T. Hall & Co., and is one
Of the most solid and progressive bus
mess men of Ottumwa.
e. E. McElroy of the firm Of Nc
Elroy & McElroy Is one of the leading
attorneys of Ottumwa and one Of the
most experienced men in land values
in the county.
H. B. Allfree of Newton is president
of the First National bank of that city,
one of the leading financial institutions
Of that section of the state, president
of the bank of Reasnor, Jasper county,
and owner Of the largest abstract and
loan business in central Iowa.
W. H. Heating Is one of the seccess-
full business men Of Ottumwa and has
built up his business by careful and
energetic methods.
The personnel Of the board Of direc-
tors insures conservative and at the
same time progressive management
for the bank.