The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1908-01-30
Receives Auth City From the
Treasury b partnent as
@S
Nation E Bank.
Prosperous ] Slancial House
Continue 70 Grow in
Impc4 lance.
BANK ISSUES ANNOUNCEMENT
CONTAINING NOTICE oFcHANeE
FROM STATE TO NATIONAL IN
sTlTuTIoN-oFFIcERs ARE ALL
STRONG MEN.

Gus institution opens its doors for
business this morning it will be under
charter issued yesterday by the
United States treasury department at
Washington.
The history of the Peoples Bank has
been a story of success. It began
business as a state bank April 81,
1904. with capitalization of $4,000,
and with J. S. Reese, president; r. NJ.
Cary, vice-presfdent, and E. w Meme
fee, cashier In October, 1906, TO meet
the growing demands Of it's business,
its capitalization was increased TO
500, 900.
Today, as national bank, it has
capital of 100000 and it's surplus and
undivided profits amount to over $780,
600.
Officers and Directors.
The officers and directors of the
bank are composed of the following
well-knoWn citizens:
President. S. Reese.
Vice-President-R. NJ. Cary.
Cashier. w. Dorr.
Assistant CaShier-Wm. QuinA
Directors-W A. D'Alemberte. X.
NJ. Cary, l.. ]. Reeves, w. Dec. Kess-
les, J. j. Hooton, j S. Reese, and 7.
e. Welles.
The Banks Announcement.
In beginning business as a national
bank this morning, the bank ISSUES
the following announcement:
Pensacola, Fla, Jan. 80, 1908.
ITO our Friends and Patrons:
The directors of the Peoples Bank
of Pensacola, incorporated under the
laws OF. the State of Florida) some
time ago decided to convert the insti-
tuition into a national bank. This de-
Il Fill
Sidering the advantages to both the
depositors and stockholders.
The examination by the United
States treasury department, which is
necessary when converting a state
bank into national bank, resulted in
a most satisfactory showing for the in
Stitution. and we have now received
the charter authorizing lis to do bust
ness under the name of The Peoples
National Bank of Pensacola The
Peoples Bank "a state bank) is there
fore succeeded by The Peoples Ma
tiOnal Bank
I'VE trust that you will approve OF
the change. and that we may have a
continuation of your account The
banks policy will be characterized
by the same liberal and courteous
treatment for which the old bank was
noted, and it will. in addition, furnish
those increased advantages TO both
the stockholders and depositors which
a national bank possesses.
Very truly yours.
Peoples National Bank,
by j. s. Reese,
President"
Last Statement Issued.
The last statement published by
the bank was for the close of bust
ness, Dec. 81, 1907, and it made the
following fine showing:
Resources.
Loans and discounts. $245. 047 IS
Overdrafts secured and unse
cured 24.0S0 a
State and municipal bonds. 49,. 28,1O0 90
Premiums on bonds. -..--..-.. 1,451. 90
Banking house, furniture and
fixtures $500 Ou
Due from banks and
bankers ......S 49, 237 81
Checks and other
cash items 1,2O2 10
Gold and silver csin,
nickels and cents 1854 81
Legal tender, Ma
tiOnal bank notes
and coin certifi- .
Gates oirA7- w 'Ss~OS OF
s3ss.745 7s
Liabilities
CAPITAL srock -........-...$ 10o. 900 90
Surplus Observation-Disclosures 20. 900 90
Undivided profits ....--- 1890 1925 sc
Individual Deposits subject to
S shssk certificates of deposit 1865 %
Certified checks ......-....... , o5
Do oT m NJ iona oie'' 1909 Gs
T, eliiscounts $500 90
Rt71eTye1i for interest -. $50 20
sooo a. 70