The Mena weekly star. (Mena, Ark.) 1904-1977, 1919-10-30

Ranges in Presidency and Cashier
|s.;o Of Popular Financial Institu-
ton Caused by Removal Of the
Former Officers From Mena-

II. s
God. vice president; Clyde Cunning
am. active vice president; e. H.
am cashier; Monroe NJ. Martin, as
slant cashier, and Lloyd Leeper,
.seond assistant cashier, these are the
.scers that win be in charge of the
rmers & Merchants Bank from now
Rack of them will be the direc-
,,ate as follows: M. A. Stratton. j.
Hood. Clyde Cunningham, E. n.
ann John Pfinning. Walter Nance,
~ Iohn G. Gardner, all residents Of
Sena except the last two, Mr.. Nance
emo in the Texas oil fields and Mr..
s rdner a resident of Fort Smith.
~ officers Of the board OF directors
III N. A. Stratton, president; ]. F..
z4ood. vice president, and E. H. Sapp,
Eecretary. +.
"a The change in the management OF
NJ institution came about at meet
4 pof the stockholders held this week,
hen the designations of j. Willis
Gonson and Walter Nance, former
Resident and cashier respectively,
rere presented. Mr.. Hopson has been
New Mexico for several months
= the benefit Of his health, and had
s ;snosed Of his holdings in the Mena
y nstitution. while Mr.. Nance, for some
eeks past, has been at Ranger and
kther Texas points, interested with
r Cox in financial undertakings.
liz still retains interests in the Mena
55ank.
e The bank is the oldest financial in
y titution in the county. 1t now has
anital stock Of $4,000, surplus OF
IA 900 and undivided profits Of
0O0. The new management prom
lses to keep up the record of the in
Stitution in being part in the prog
'ess of the community, and all activi-
ies will be directed along the line of
being helpful to the customers along
Safe, sane banking principles.
S Mr.. Stratton, the new president OF
lie institution, has been interested in
he concern since its merger with the
National Bank of Mena, of which lat
er bank he was stakeholder and di-
rector. He is a safe, conservative
business man, and. has had much to
10 in making this bank one Of the
heading financial institutions Of the
Eountry.
n CLYDE Cunningham, the active vice
president, is one Of the best known
business men in Mena, having started
Ia as a grocer clerk for w. =. Wat
Inns when the town was first organ
fzed. Later he bought out his EN-
ployer, and then continued in business
nor himself until few months ago,
when he sold out to his brothers. Mr..
cunningham will be the credit man
binder the present organization.
Z. H. Sapp, the cashier elect, came
H. the Farmers & Merchants Bank in
1912 from Madison, ILL.,, where he had
been employed in the First National
Bank. He remained from that time
with the institution, except for brief
period when he was a partner and
secretary Of the Duke Magruder Dry
Goods Company, and during the 10
Emonths that he was in active service
<of Uncle Sam. During the is months
that he was in the National Army, he
spent months overseas as sergeant
|frst-class, in the signal corps. After
being mustered out, he again took up
work in the bank, and because Of his
careful and painstaking business
Emethods he has been selected as cash
Der.
Monroe M. Martin, first assistant
cashier, is Polk county product. He
twas born and reared in the county,
and has been in the bank for the last
h two years. He is son of Judge w.
IN. Martin and Mrs. Martin.
Lloyd Leeper, the second assistant
cashier, has been employed in the
bank since last June, coming to Mena
directly after being mustered out of
Ethe army, and previous to that time
|having been in the employ of min-
ling company in Arizona.
w. /. Green, connected with the in
stitution since November, 1908, will
|remaln with the new management for
some time, tho having disposed Of his
Interests. He was assistant cashier
for many year, and about three
year ago was elected president, re-
naming in that capacity until ]. Will
lis Hopson become interested in the
bank.