The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1907-04-26
FLORIDA BANKS
AND BANKERS
Southern Bankers Report
Shows Them in Pros
porous Condition.
PENSACOLA BANKS ARE HIGHLY
OMPLlMENTED BLOUNTS-
TOWN. IN CALHOUN COUNTY,
HAS NEW $4,000 INSTITUTION
WITH w. n. MILTON PRESIDENT

The following notes of Florida
banks and bankers are from the cur
rent issue of the Southern Banker,
published in Atlanta:
The First National Bank of Lake
City, now has Palmer Rosemond as
cashier in place of j. o. Harris.
The Citizens National Bank of Bal
timore has been selected as CORE
spondent for the National Exchange
Bank, of Tampa
The Merchants National Bank, of
Philadelphia, has recently been ap-
proved reserve agent for the Ma
/ tional Bank of st. Petersburg, Fla.
The American National Bank of
Pensacola, reported March %: Capt.
tai 100000; surplus and profits, $S2
| O13; deposits, S1,115,477; loans, ST.
222,5S9; bonds other than to secure
| circulation, 100000; cash, $271,523;
total resources. $1,794 226.
The First National Bank of Live
Oak, reports March %: Capital, $780,
600; surplus and profits, s27.2S7; de
| posts, $216,43S; loans, S186,303; bonds
other than TO secure circulation, $50,
915; cash and due from banks. $o2,
S21; total resources, $321,319.
The First National Bank of Fer
nandina, on March %, reported having
capital, 100000: surplus and profits,
S106,377; deposits, $56S, $50; loans,
S316,625; bonds other than to secure
circulation, nearly $4,000; cash,
$3OO,95G; total resources, 1878, 507.
As a result of its constantly in
creasing business, the Atlantic Ma
tiOnal Bank. of Jacksonville, has de-
cided 20 build more extensive quar-
f~,-c
vice-president of the Mercantile Ex-
change Bank. of that city, has re-
Gently been added to the directory of
the Atlantic National
The report of the Atlantic National
Bank, of Jacksonville, on March %
showed that institution to be in the
following condition: Total resources,
$4,546,0S0; deposits, $3.477,538 loans,
S2,134, 2S1; capital paid in. $3.50. 900:
surplus and profits, S206,542 bonds
other than to secure circulation,
$3.50, zoo; cash and due from banks,
S1,05O,13S.
The statement of the First Nation
al Bank, of Pensacola, which is
shown in flu. elsewhere in this issue
shows that on March %. this we'll
managed and progressive bank had
deposits of nearly $4,000 900, and total
surplus and profits, S4O5, 900. All
lines of legitimate banking are COW
cred by the First National, which is
a growing bank, as Pensacola is a
growing city.
The following strong statement was
made March Il, by the First National
Bank, of Gainesville. Capital, $780,
600; surplus and net profits, S19.147;
deposits. S663,45 an increase of
nearly 100000 since report one wear
previous; loans, $685., sos The First
National is a L. s. state. county ana
city depository. Jas. NJ. Graham is
president, G. w. Hyde, vice-president,
H. E. Taylor cashier and Lee Ora
ham assistant cashier.
That the three years existence of
the State Exchange Bank, of Lake
City, has been successful and one of
continuous growth is evidenced in its
report of April 8, which showed that
its deposits had almost doubled dur
ing the last year. The report is as
follows: Capital, $4,000; surplus and
net profits, s1S,233; deposits, s901,- /
2S5; loans, S293247; cash, S76.271; /
total resources, 1853, 51S. - F. Bar
din is vice president and manager, /
J. r. Perry cashier, and F. H. Ives /.
assistant cashier.
The First National Bank. of Miami /
organized in December, 1902, in its /
comparative statements shows con-
tinuOus growth. evidences good ser
vice rendered, and the confidence in /
which it is held The March % re-
port shows: Capital, $4,000 surplus /
and profits, $20,979; deposits, SAIL !
066, an increase of s114,6O6 since /
March %, 1906; loans, S316.382: !
bonds other than to secure circula- !
ton, s75.492; cash and due from .
banks, $111,9 1888; total resources,
$592,04 W. H. Splitter is president, |
Edwin A. WaddeH vice-president and /
c. Romph cashier.
The rIOrida National Bank, of Jack
sonville, which began business in
January, 1905, as the Florida Bank /.
& Trust Company. taking over the
business of the Mercantile Exchange
Bank, and nationaliZed under its pres
ent title in August, 1906, in its March
p report, shows a marked increase
in its business during its two years
existence. This increase is an evil
dence of confidence in the manage
ment of the bank, which is Differed
by G. z. Garner president, G. B. Rog-
ers and Arthur E. Perry vice-presi-
dents, W. A. Redding cashier. and G.
]. Avent assistant cashier. The re-
port of March % is as follows: Capt.
tai. 100000: surplus and profits, S59,-
I03; deposits, S3.324. 534; loans. ST.
$40. $50: cash and due from banks.
SS58,315: total resources, S3,324, 534.
The Bank of Blountstown has
opened for business, with $4,000 cap