Imperial Valley press., 1912-05-04
The EI CentrO Banks
FIRST NATIONAL BANK
A Strong Financial institution

~ strong FlndnCldl InStitutiOT
FL Centro is proud to be able to
be gagged by its financial institutions,
which have caused it to be recognized
aG Z financial center. 1t is a note
worthy TACT that the banks here are
not only strong, but liberal and prog
reSsive in every respect
This institution has 4 capital stock
paid in of 100000 1t was organized
in 1909, and now has resources of one
half million dollars, with a surplus
and undivided profit aggregating SIS
000, SO il can readily be seen tina,
since its inception this bank has en-
iOyed a steadily growing prestige and
patronage.
The First National Bank is located
in one of our most handsome buildings
on one of the most prominent corners
in the heart of the business section
next to the postoffice. 1t is attrac-
uvelv filled up with fine fixtures, and
would compare favOrably with inst-
tutions of this kind generally found
in cities much larger than Eel Centro.
In most every county there is Il
tendency on the part of some of its
inhabitants to do their banking in
banks outside, which, as rule, are
not as safe, sound and conservative
as their home banking institution, and
in this way they are helping some
other community to build up, which in
a great many cases is Il detriment to
their own city and county.
The greater amount of deposits in
the local banking institution means
the greater amount they have to loan
for the upbuilding and development of
the community in which they are di-
TeCtly interested, for few banks care
to make loans outside of the district
in which their depOsitors are located,
for it is considered that no better cri-
teriOn of the SOlidity and permanCncC
Of a city is afforded than by a glance
at the status of its financial institu-
tiOns, for the stability of the CONNER
cial and industrial intests is to Il
large extent dependent upon the policy
and condition of its local banking
house, for it is the heart OF the com
mercial life and the various avenues
of trade which are the arteries through
" Which flow the financial current OF
business.
The facilities of this institution are
wider and more sweeping in scope
and value TO mercantile dealings. and
it is upon this line of argument that
the FIRST National Bank solciIs the
accounts OF corporations and individu-
ais. Customers are assured most
prompt and courteous attention and
their responsibility and balance war
rant, and that legitimate banking com
prises. Its operations have always
n ;nI
are we'll worthy of reputation as one
Of the bulWarks of the business fu-
ture OF the banks OF the state Of Cal
ifornia In a word, the First National
Bank is in every respect an institution
which reflects credit upon its city and
state, as we'll as upon the enterprsing
and progressive management.
Mr.. J. V. Wachtel Jr.. the cashier
OF this institution, needs no introduc-
tion to the people of the Imperial val
ley and California, for he has been
Identified with this institution since
it's inception and the success of the
First National Bank is largely due -
he ripe experience of this successful
nan.
Personally, there is not another man
in the Imperial valley who takes a
deeper interest in the future develop
ment of our city, county and state than
Mr.. Wachtel Jr.
Much credit should be given to the
able assistant cashier, Mr.. ID. A. Leon
ard, as we'll as to the clerical force
IN This bank, which consists of Mr.. l..
K. Wachtel and Mr.. f. j. Gianola the
)bliglng and efficient tellers and book
keepers.
The officers and directors are rec
Ognized financial leaders in the West
ern banking world of business, and
they are also men whose names stand
throughout this section for the sound
est business Judgment and strictest
personal integrity.
Mr.. Leroy Holt, the president, is
known as financier of the highest
reputation. He is also the president
of the First National Bank of Imperial
and also the First National Bank of
Iioltville.
Judge Franklin J. Cole, vice-presi.
lent, is known throughout this section
financial circles as a man of bus
ness discernment as well as of high
jtanding as a jurist
Briefly summed up, the First Ma
lOnal Bank is a bank in the truest
'ense of the word, and in the widest
sense that it implies.
1t is tower of strength and mon
vent to faithful performance and
business integrity,