The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1915-10-14
DIRECTORS

The new Citizens Bank of Kenosha
completed it's organization at a meet
ing held at Moose hall on Monday night
with the election of the above named
officers and directors. The meeting was
a decidedly harmonious one and a great
deal of interest was shown in the new
financial institution. Fifty eight of
the stockholders of the new corporation
were present at the melting and 400 of
the 500 shares of stock were represent
ed at the meeting.
It was decidedly cosmopolitan
meeting of business men Of Kenosha as
nearly every class of people in the city
were represented among the stockhold-
ers of the new bank and every one of
the men present seemed to be greatly in
trested in getting the banks started
right.
N. J. Werner was named as temporary
chairman of the meeting and E. T..
O 'Brien secretary. Mr.. O'Brien who
had been most active in the organiza
tion of the bank, told the stockholders
the plans for the future action and
then the balloting for the first board
Of directors began. There was spirit
ed election and many names were pro-
posed for places on the directorate Of
the bank.
Following the election of directors
the new board met and named the first
set of officials of the bank.
A call was issued for the payment of
the first ten per cent of the stock sub
scribed on Oct. 18th with the under
standing that the remaining ninety per
cent Of the stock is to be paid in on or
before the 25th day Of November.
While all of the stock in the new
bank had been sold previous to the
filing of the articles of incorporation
there were men. present at the meeting
on Monday night who sought to secure
more stock. One man wanted to take
ten thousand dollars worth of stock.
All suggestions for more stock had to
be refused as it was announced that ev-
cry cent of the stock had been disposed
of.
The bylaws of the new bank were
adopted and committee with James
M. Wells as the chairman was named
to confe- with the directors in regard
to the purchase of bank fixtures and
vaults.
It was announced that the exact date
for the opening Of the bank could not
be given out at this time. The lease on
the room in the Public Service building
is being signed today and Cashier
/ O 'Brien announced that he felt certain
that all plans could be carried out so
as to make it possible to open the bank
/ on the first day of December.
+ N. J. Werner, named as president of
the new bank is one of the best known
men of the city. For years he has been
associated with the business interests
of the city and he has been closely
allied with all movements for the adj
yancement of the retail trade in the
city. He was for many years a member
of the common council and served for
one year as president Of that body.
Walter NJ Burke, named as vice.
president of the bank is the. secretary
and treasurer Of the Kenosha Realty
company. He is state. deputy Of the
knights of Columbus. Cashier 0 'Brien
comes to Kenosha from Kaukauna,
where he has had wide experience as
Ia banker and as i newspaper publisher.
The men named as members Of the
first board Of directors Of the bank
are all we'll known IN. the business life
Of the city with the exception of Frank
0berst, who for years has been pronin-
elrt as a farmer III the town of Somers.
The interest shown in the meeting
for organization gives assurance that
| the bank is going to be real addition
TO the financial institutions Of the city.