Fergus County Democrat. [volume] (Lewistown, Mont.) 1904-1919, 1906-01-16
FIRST NATIONAL
ELECT OFFICERS
Annual Meeting of the Well Known
and Growing Financial lnstitu-
tiOn Held Last Week.
I'm A PROSPEROUS CONDITION
Deposits Have Almost Doubled Dur
ing the Last Twelve MOnths--
Popular Men Behind Bank.

The annual meeting of the stock
holders of the First National Bank Of
this city was held in the offices of the
bank last Tuesday afternoon, SO per
cent of the stock being represent
ed. The principal business which
came before the meeting was the cleo
tion of a board of directors. There
was but one change on the board,
Harry Yaeger being chosen to fill the
place made vacant by the death Of
Walter B. Miner.
In the evening a meeting of the
board of directors was held in the
bank. The board is comprised of G. j.
Bach, Herman Often, Harry Yaeger,
David Hilger, George M. Stone, John
Laux, Alexander Lehman. Gordon O.
Shafer and N. M. McCauley. After
declaring the regular annual dividend
of 10 per cent, the board proceeded to
elect officers for the year. All of the
old officers We're reelected with the
exception that Harry Yaeger was
chosen to fill the position of assistant
cashier, formerly held by w. B. Min
er, deceased. The other officers of the
bank are: Herman Often, president;
David Hilger, vice president, and Geo.
j. Bach, cashier.
The directors of the First National
Bank certainly have excellent cause
for feeling proud of the record which
that institution has made during the
last twelve months. At the annual
meeting of the directors, held one year
ago, it was found that the deposits
were $3S2,00O. Just one year later, the
deposits had jumped up to $6s3,OOO, an
increase of about so per cent in the
twelve months. The affairs of the
bank must necessarily have been con-
Quoted in a most efficient and progress
sive manner to make such a showing
Since it was started, something less
than seven years ago, the First Ma
tional, formerly the Judith Basin,
bank has been shining example of
what may be accomplished in a good
country by live, thoroughly awake, up
to date business men using modern
business methods. The first capitali-
zation was $4,000 but this was in
creased to 100000 when it received its
charter authorizing a change from a
state to national bank, two years
ago. The capital stock of the bank is
fortunate enough to hold some of it
considering it about the most valuable
asset they could possess considering
the amount invested.
To the men behind the bank is due
the phenomenal growth of the insti-
tuition. Herman Often. the president
since the bank was organized, is one
of the substantial ranchers and stock
growers of the state. He is personally
popular and his business Judgment is
considered of the highest quality.
Vice president David Hilger has also
contributed much to the popularity of
the institution mad his business head
has been an important factor in the
management of the bank. George J.
Bach, who was one of the prime NOV
ers in the organization of the bank
and who has been it's efficient cashier
ever since, is now recognized as one Of
the best bankers in the state. His
prudent management of the funds of
the institution and his we'll recognized
business integrity has contributed
much toward the UP building of the
institution. Harry Yaeger, the hustl-
ing young man who was chosen sew
eral months ago to fill the position of
assistant cashier, is proving the best
sort of man for the place. He is en-
ergetic, ambitious, has had extensive
business experience, for man who Is
comparatively young, and is personal
iy popular with everyone.
An accommodating clerical force
always adds to the esteem in which
any institution which caters to the
public is held. The First National
pank is most fortunate in this respect.
W. N. Everitt, paying and receiving