The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1911-08-31
Keokuk Savings Bank, Widely Known
Monetary Institution, Was the
First Organized In
This County.
SOUND AND SOLID BANK
Wise and Intelligent Management OF
Experienced Officials Mark.
History Of the In
stItutlon.

A monetary institution that has sur
vfved the business stress Of forty-three
years, whose deposits and resources
Rave increased with more than the or
binary growth of similar enterprises
and against the integrity of whose
management there has never been a
breath OF adverse criticism or ques-
ton OF Its wisdom, and whose stabil-
ity 10 recognized in financial circles at
homo and abroad, is one that is en-
titled to the utmost confidence OF pat
ron and public. Such banking institu-
ton Is the Keokuk Savings bank, In
the whole history OF which there has
been exemplified the soundest and
most approved principles OF banking
It has always been conservatively and
safely managed and is SO today; the
t.me-honored policy that has been re-
sponsible for It's growth and develop
ment Is still In effect. The personnel
OF its officers and directorate includes
citizens Of standing and reputation In
the community; men of this class and
calibre have over been entrusted with
the direction Of Its affairs. Safety OF |
cepositors and accommodation OF |
commercial requirements have been
the shibboleth Of its management from
the time OF its organization unto the
present day.
lts officers Of the Past.
Thu Konkrk Goutppy hack \
ganized in January OF 1868 and began |
business In the quarters now occupied |
at Fifth and Main streets, though In |
the interim there have been success.
sive enlargements of space to accom-.
modate the demands of increasing bus.
mess and clerical force. The bank was
organized with Edward tombstone as
president, George Rix as vice presi-
dent and William Thompson as cash
Ter. The incorporates were Edward
tombstone. George Rig, G. F. Davis A.
Hosmer. Stephen Irwin, A. l.. Con.
nable and Robert L. Ruddick.
On January 9, 1869, Edward John
stone, a pioneer lawmaker and finan-
cier OF southeastern Iowa. resigned as
president and was elected cashier, in
which position he continued to serve
with marked administrative ability un-
til his death in May of 1891. A. ]. Ma.
thias succeeded Mr.. tombstone as
cashier on May 81, 1891. A. L. Con-
nable succeeded Mr. tombstone as
president in January OF 1869, but On
March 8. OF that year he resigned and
G. F. Davis came to the presidency, oc.
cupying that responsible position un-
til his death in January Of 1898. A. E.
tombstone succeeded Mr.. Davis as
president, and is now the capable and
conservative head of the bank.
G. P. Birge was elected vice president
on March s. 1869, and resigned Janu-
airy 8, 1875, when on February OF
that year Stephen Irwin became his
successor, retaining the Office until
his demise on December "a, 1884 A. r.
tombstone followed as vice president
on February 5, 1895, serving un.
til his elevation to the presidency
on February 7. 1898. James c. Davis
was elected vice president February Z.
1898, and served until February 2,
1903, when he was succeeded by F. w.
Davis. The latter resigned on Febru-
airy Is, 1909. and was appointed cash
Ter. Fl. L. Connabie being elected to
the vice presidency. AS cashier Mr..
Davis succeeded A. ]. Matthias, who
died in February OF 1909.
Present Management.
The following are the officers and
directors Of the Keokuk Savings bank
at the present time:
President, A. E. Johnstone; vice
president. Howard L. Connable: cash
Ter, F. w, Davis; assistant cashier, H.
w Wood.
Directors: A. E. tombstone. F. W.
Davis, Howard L. Connable, B. L Au-
werda, Ben B. Jewell.
Oldest In County.
The Keokuk Savings bank Is the old.
est savings bank in Lee county. II
conducts a general banking business
and pays interest on both time depos-
It's and savings accounts. Being the
pioneer In this latter form of banking
1t has enabled thousands to accumu-
late in small sums who are now pros
porous and many Of them Independent
financially.
The Keokuk Savings bank responds
in a most admirable way to the bank
ing needs of this city and section of
the state. While the element of safety
is never lost sight of, the management
evinces disposition to extend every
accommodation that is consistent with
sound banking principles. The growth
of it's deposits and increase of bust
ness is convincing evidence of wise
management and courteous response
to the varied and complex demands of
finance and banking. Business en-
trusted to the Keokuk Savings Bank
receives the most intelligent and
prompt attention and 1t is this policy
that has built up an institution of en-
viahla standing and stability.