Grand Forks herald., 1917-01-25

the fall of 1919 the bank was consoli-
dated with the Union National.
The First National now has cap
ital of 100000. and Is one of the
,, five incorporators Of the federal re-
serve bank in st. Paul. 1t has sur
plus of $4,000 and deposits of $2.-
424,879.47.
The bank building was recently
overhauled and the banking offices
on the first floor were entirely remod-
eled. In bank equipment it has the
very latest burglar and 'fireproof
vaults.
Bank Officials.
The officers Of the bank are: 8. 8.
Hunter, president: w. H. Schulze. vice
president: ]. r. Carley. cashier: /. A.
Berg. assistant cashier; w. NJ. Ed
munds, assistant cashier; w. 8. Dick
enson. assistant cashier.
The board of directors Is composed
OF Stephen Collins. A. ]. Hunter. p. ].
Kavanaugh. Louis Rohde. r. B. Grit
TITUS. M. u. Murphy, Sig. Wolff. G. C.
Gowran, w. H. Shulze, NJ. 8. Titus.
Sidney Clarke, G. J. Murphy, Max
Rabinovich, D. H. Tallman, Geo. f.
Towle. Andrew Veitch and T. I. Bel
seeker.
SCanu1navlan.A American.
The northumberland Bank
was organized in 1904 under the North
Dakota charter, and until 1915 carri-
ed on their banking business in the
| two-story brick building at the COR
ner of Fourth street and DeMers ave-
nue.. In 1909 the Northwestern Trust
Company was organized under a sep
arate charter, but in 1912 was affili-
ated with the Scandinavian-Americ
Bank. througns an interchange of
stock.
Savings deposits in the Scandinavia
ton have Increased by leaps and
bounds. until at the present time 1t
has $1,613,O14.12 on deposit. The
bank has q sapital of 100000 and a
surplus of s111,541.3e.
Build Modern Structure.
In 1915 the bank removed to its
new quarters on the second floor of
the new modern five-story office and
banking building, constructed by the
bank at the corner Of Fourth street
and DeMers avenue. Just across the
street from their old banking quar-
ing and banking equipment Is claimed
to be the most modern in the north
west.
Officers Of the Scandinavian-Amer-
lean bank are: President, o. s. Han
son; vice president, p. 9. Peterson:
vice president, A. Abrahamson; vice
president, F. L. Goodman; cashier,
Samuel Torgerson: assistant cashier,
II. P. Rice; assistant cashier, r. NJ
Jenson.
Northern State.
The Northern State Bank was Or
gapized on September i, 1901, in the
quarters now occupied in the Security
block on North Third street. Since its
! organization under q state charter
its deposits have grown to $1,276,-
454.57 at the last call Of the comp
troller of the currency: Its surplus
amounts to $4,000, with capital
stock of 100000.
Officers of the Northern State bank
are: President T.. J. Lander: vice
| president, w. E. Fuller: cashier, Geo
G. Sherwood; assistant cashier, S. c.
Hendrickson: assistant cashier, J. p
Nelson. Directors of the bank are
Alvin Robertson. r. J. Lander, G. w
Ross, w. Z. Fuller and George G.
Sherwood.
Farmers and Mechanics.
The Farmers and Mechanics Saw
tngs Bank was organized in December
1912, in the banking building on the
corner of Third street and Kittson
avenue. formerly occupied by the
Union National Bank. 1t has a capital
of $4,000 and deposits Of $305.332,-
ga. OF which $7S,773.59 represents
savings. Since the organization Of the
bank 1T has earned a we'll earned pres.
tige in state banking circles.
Northwestern Trust Co.
The Northwestern Trust Company
was organized in 1909. and in 1912
was affiliated with the Scandinavian
American Bank in an interchange OF
stock. The company has a capital OF
100000. a surplus Of $4,000, and
| deposits of $168,108.67. Trust funds