The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1917-01-28
BUSINESS OF BOTH
Y CONDUCTED AT
EXCHANGE BANK
BEGINNING MONDAY MORNING.
3. s. DUNLAP BECOMES VICE.
PRESIDENT OF EXCHANGE Lo-
CAL BANK WITH OVER $75o,ooo
IN DEPOSITS.

BY mutual agreement and contract
the Cordele National Bank and Elk
change Bank of Cordele have consoi-
date their affairs, and in the future
will operate under the charter of Elk
change Bank of Cordele at its present
place of doing business. This comb
nation of capital, business men and
business affairs gives to Cordele one
of the strongest banking institutions IN
the state. Both of these banks have
been doing very active and prosper
Gus line of business, and now that
they have combined their forces,
great future is predicted for them.
When. the consolidated institution
opens it's doors for business Monday
morning it's books will show deposits
of something over three quarters OF a
million, and what is considered one OF
the most desirable lines of business
that could possibly be attained by any
banking institution.
Under this combination of affairs
several of the officers and directors OF
the Cordele National Bank will be con-
nected with the Exchange Bank b..
S. Dunlap who has been active VICE
president of the Cordele National
Bank will continue in this same Ca
pacity as active vice-president OF the
Exchange Bank of Cordele. w. H.
Mckenzie and ]. M. Diffee and prob
ably others who have been stockhold-
ers and directors in the Cordele Ma
tional Bank will be closely identified
with the Exchange Bank in the future
and will be on the board of directors OF
Exchange Bank.
The Exchange Bank of Cordele has
had a remarkable history. 1t was or
ganized and began business in Janu-
ary 1906 with capital stock paid IN
of S5O,OOO.OO On January 1, 1916
inst ten years from teh date OF open
ing it's doors, the capital stock OF the
Exchange Bank was increased to $loo'-
10000 and surplus account OF S4o'-
nm no was set aside out of net earn
ings, equivalent to a net average an
nua1 dividend of more than eighteen
per cent. The officers, directors, anu
stockholders Of this institution are
very much gratifed with its wonder
full progress, and now that they have
combined with the inactive forcec, CAPT
tai and business Of the Cordele Ma
tional Bank, which has also been
nrosperous institution, the stockhold-
ers of the Exchange Bank have every
reason to feel that their investment
has been greately enhanced.
The Cordele National Bank was Or
ganized and began business in Octo-
Der, 1901, since which time it has PAID
TO stockholders $111,5O000 in divi-
dends. Practically all of the organl-
zers of the Cordele National Bank
have remained with it until now. Since
its organization it has been one of the
leading financial institutions in this
section of the state, and has served
TO help promote numbers OF the va
rious enterprises which go to make up
the industrial life of the city and this
section.
The Cordele National has among its
stockholders and directors number OF
the wealthiest and most successful
business men in Cordele. The fact
that these are joining in making the
new bank stronger will help to give
Cordele a bank which will not only
serve the community for the presents
hut will be financially able to meet
every need for years to come. All
NJ the customers of the Cordele Ma
tional Bank will continue to receive
at the new bank the same cordial and
careful attention that has been &C
corded them in the past and they are
all invited to continue their accounts
with the new bank.
Beginning Monday morning at bank
ing hours the business that has here
tofore been conducted by both banks
will be carried on from the banking
house of the Exchange Bank, at Its
present site.