Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-08-29
BANK COMPLETES
F|0RTlETH YEAR.
Officials Of First. National
Racsive Congratulations
B Today.

Lhhl;.8 onacials Of the First National hank
o'o1 .,f Grand Forks are today receiving
br Falsongratulations on that institution
,avin. successfully completed forty
years Of business life. A..
!. ~ m, The fortieth anniversary. OF W
elsrs accumulation comes today.
ii throu The Bank of Grand Forks, VIZ.
Ia r,n,ivas later to become the First Natloh.
ers fronal, wast established by $. s. Tltus, NJ VIZ
IL .ddrcame here from Sank Center, MIMI
Eo the rand on August 20, 1878, opened tne
the na,eebDuildinE on South Third street, where
Prks neessthe johnson & Fried meat marker
lU.eeaa,nnow stands, and was then ]olheo ~
mee.antJ walker Smith. who had arranged
Eor Farto join him, and the two remained as
III naAsociated in the banking business Lor
WV Smore than twenty years. when MI
e1 IS Smith retired. ~
building at the corner of Third and
. al nn.sw.Kittaon, which it occupied until lsse,
eke he.swhen 1t moved into it's present quar-,
u.s. .,.; ana ters. Messrs: Titus & Smith operatea
cues heir institution as a private bank LOT
w" about two years, and then optalneq q
national charter. Fhey were not able
Fargo 1t that time to assume for their oank
fuel walha title .tF'irst National" as that naq
he and m the meantime been pre-empted oy
at the another bank established by Chicago
meetinnan. They chose. therefore, the name
Of preycitizens' National wh,c nt;, was a n rne
the dovhased the business and assumed tne
been preame of what was then the FIRST VA
merican tonal, whose owners wished TO re-
|as ~ thire from this territory.
n has he During it's earlier years, the t1rst
em hers National bought out several smaller
after,anks whose owners no longer WISH
Alex std to, remain IN IT the ner p : M sven ous IN it,
EeonesoSi story occurred in 1896, when the
tveu ~ Union National bank and the FIRST
Ene mseaTattonal consolidated under a single
en- enenanaEement, retaining the First Ma
the rignional name, and making available for
sunoahe joint institution the resources ana
streets obrestige of each, as we'll as the ex-
Plitical nsellent business reputation OF the men
eclared tvho had been instrumental in making
Zach bank the factor that it had been
AL EN- n tbs. business srairs & the cq 2a3-
uAyf nunity. The censoliaaaaoh Was MAS a ,H-
III scial stan. Mr. Titus: founder Of the
HEApriEina1 bank and who had served
-%continuously as its cashier, ee eSsI
Gilby prsstds 1 IT, a9 Sa. ia5e r. T airec Haae q e9 posi-
fearing ton which he still holds. A. I; Hun
fil be heer. who had been cashier OF the
] COMMUNION National and who had done
caring iasion, was made cashier, and later sue,
! postmaeeded Mr.. Titus as president. Still
ing the later ". H. schulze, who had had
Eryice. valuable experience in several n
Eunity wnancial institutions. was elected vice
hen to president Of the First NATIONAL, and
respecting. r. carley, a former director Of the
generar1nion National and a member OF sew
reports wral other Northwestern banking
9Th of drms, became cashier.
- The First National is the owner of
OF S(Jhe building which it occupies. After
building was remodeled and III ths
DRAW s 2sss ss.f IS! s sepia s ssss4isa;s + +
~, !. ,Npeditious handling of work by the
e-eaua+. Employees. The banks directors are
~ 80 .mong the most substantial and pro-
q = de rressive men in the community and
: T,r = institution starts on its forty-f1rst
prts, and3ear Oh acuvlty WItn on sna 1Sa
will be execoro ana pom tne capacily Any LIZ
led withiylllngnes 10 ne OF Sill greater serS-
m severace to the public.