El Paso herald. (El Paso, Tex.) 1901-1931, 1916-01-07
COOLEY To BE
HEAD Of BANK
W. w. Turney to Resign as
President; Will Remain
on Board of Directors.

Winchester Cooley will be president
of the Rio Grande Valley Bank & Trust
company after Tuesday. W. W. Tur-
ney. who has been president Of the
institution since its founding, will re-
tire as president of the bank but will
remain member Of the board Of di-
rectOrs-
This was announced Friday morning
and the elevation of vice president
Cooley will take place at the annual
meeting Tuesday. Mr.. Turney who
was one OF the organizers of the bank,
stated Friday morning that his retire.
ment as president, was because of his
other interests in Ell Paso and in west
Texas and that he had found it impOs-
sible to attend all of the meetings of
the hoard Of directors, as required BY
the controller of the treasury He will
remain as a director on the board of
the Rio Grande bank and will retain
all of his interests in the bank
Relationship Pleasant.
Ny relationship with the officers,
employees and board of directors of the
bank were never more friendly than
at present" said Mr.. Turney ct is
only because of the growing profess
sional and private business affairs
which makes II impossible for me to
devote the individual care and atten-
ton to the bank which 1 believe its
highest officer should give and which
the banking law cOntemplates that
caused me to reach a decision to retire
as active head Of the institution.
Cooley Made Bank.
The elevation of Mr.. Cooley TO be
president is the natural thing to do, as
the great growth Of the bank from the
time it was first organized to its pres
ent splendid proportions, have been
due more TO the efforts Of Winchester
Cooley than to any other agency. I
am proud OF the record the bank has
made and 1 believe il has done much
to aid in the upbuilding of FL Paso and
in aiding people to acquire their own
homes ! know the bank will continue
to grow for the management of the
bank is in the hands of splendidly
trained men who are thorough bankers.
Ny Interest in the bank and in seeing
it prosper will be, in no way abated by
my retirement and the placing of my
good friend Winchester Cooley at the
head Of the institution"
To Be With Pearson Syndicate.
1t is understood that, with the re-
establishment OF peace in Mexico Mr.
Turney will enter actively in the eX-
ecutive affairs Of the Pearson proper
ties in Mexico and in FL Paso and the
rehabilitation OF the railroad, mills and
other properties in the republic. Mr.
Turney has been associated with the
Pearson interests since 1t was orga-
nized- He has also taken over the ac-
tive management Of extensive ranch
interests in Brewster county, Texas,
in addition to his own large holdings
and these things. in addition to his
professional practice, will make il i'm
possible for him to attend the meetings
Of the bank board in the future.
Cooley an Organizer.
Mr.. Cooley, who is to be the new
president OF the Rio Grande Valley
bank, was one of the organizers Of the
bank Prior to that time he was a
teller and assistant cashier Of the First
National hank retiring from the Kat
ter position in 1905 TO organize the
Rio Grande bank. With Mr.. Turney
and Walter Arnold, Mr.. Cooley has been
associated with that Institution since
its establishment in . small room on !,
Texas street
T N Wingo. vice president Of the
bank, will become first vice presi-
dent and chairman Of the board off
directors at the meeting to be held
Tuesday.