The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-08-15
TWO BANKS WILL
CONSOLIDATE TODAY
DEAL HAS BEEN EFFECTED TO
CONSOLIDATE FIRST STATE
AND ARDMoRE STATE BANKS.

! The deal that has been under con
: sideration for the past few days 10
/ consolidate the First Stat ana A!I
more State banks was close! yester-
day afternoon and the banks will con
solidate today. y mcHt,rc Of the
stockholders of each baoK was held
yesterday and the matter was agreed
upon. While all the details have not
T. Barringer, who is at present pres
ident of the Ardmore State, will re-
tain the same position, and Byron
Drew, who has been president Of tEc
First State. will be vice president,
Harold Wallace. cashier. VIII retain
the same position, and j. ". ri 'hard-
son and Fred Carr will be assistant
cashiers, and Tom Deem who has
been with the First state rs ho,E-
l.eeper "ll occupy tao same posi-
ton with the Ardmore State. Fred
b. Jones, who has been cashier OF
the First State, has disposed of his
stock and will not be connected with
the bank. There will probably be
other changes in the working force
in the bank, but nothing in regard to
this has been mentioned yet.
The consolidation of these banks
Will make one of the strongest banks
in this section, and the largest state
bank in southern Oklahoma They
will have a capital stock of sixty
thousand dollars and deposits of al
most half million dollars. It was
for the purpose of making the bank
stronger and to be more able to care
for a larger amount of business that
the consolidation was made. The Ard
more State bank has been in exist
ence a little more than three yeats,
was one of the first state banks Or
ganized in this section and has en-
ioYed a splendid business, making
more money probably for the stock.
holders than any bank of the size in
the state The First State bank is
only two years old, but they have had
an ample share of the banking busi
ness of the city and We're growing all
the time.
The officers and directors of the
new bank are all we'll known, and are
experienced in the banking business
and have the confidence of all who
know them. Harold Wallace. the
cashier has practically been reared
in the banking business. going with
the Ardmore National when he was a
mere boy and staying there until he
resigned to organize the Ardmore
State bank. He understands every
part of the banking business. and l.
l safe and conservative business man.
Mr. Richardson and Mr.. Carr, the
assistant cashiers, have also had many
years experience in banking, Mr.. Carr
being for many years assistant casn-
er of the City National bank, and
Mr.. Richardson was with the Ard
more Loan C Trust Co.
Mr.. Barringer. the president OF the
lank, has been engaged in the stock
business for many years until the Ard
more State bank was organized and
ne became its president.
Mr. Drew has been engaged in the
'eal estate and loan business here
or many years until the organization
,f the First State bank and has been
is president since it opened for buci-
less.
The First State bank will move to
he Ardmore State building and the
lank will be the Ardmore State bank,
he consolidation will be made today
md the business will be carried on
without the loss of minutes time
,r any inconvenience to any of the
latrons of the bank.