Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-08-03
THE STATE NATIONAL BANK.

THE SKATE NAIlONAlI BANh.
With an uninterrupted period of
fifteen years service to the people of
Albuquerque and contiguous territory,
during which time it has shown al
steady and substantial development in
every branch of endeayor. The State
National Bank of Albuquerque, stands
today as the second largest banking
institution in the state Of New Mex
leo, exclusive OF its Trust company
feature.
The State National Bank was
organized and incorporated in 1904,
and at present has a capitalization or
100000. Officers and directors are;
j. b. Herndon, president; j. Korber,
vice-president; Roy Mcdonald. active
vice-presdent; r. NJ. Merritt, cashier;
Jerre IIaggard, assistant cashier, and
4 d. j. Armijo, assistant cashier; while
on the board of directors are: Jacob
IIorber, David FAIR, O. N. Marion,
M. X. Wylder, II. j. Ross, Roy Nc
( Donald and j. Il. Herndon. Mr. Marion
( was the banks first president. Mr..
+ Herndon WAS cashier and stepped
4 from there to the presidency. Mr.. Nc
| Donald has been with the bank since
it's beginning; he was assistant cashier
and is now active vi, e-president. Mr..
Merritt has been with the bank for
the past four years and was formerly
conencted with the Bank of Com
meTce. Mr.. Haggard was formerly
| cashier of the Citizens Bank and is
| now assistant cashier of the State Ma
tional Bank and vice president of the
| Trust and Savings Bank. Mr.. ID. j.
u Armijo has been with the bank since
II it's organiZa ton, having started as
i boOkkeeper and is now assistant
cashier Mr.. Korber, vice-president, is
a well known hardware merchant and
one of the pioneers of the city. In
fact, all officials and directors of the
: bank are men of well known and
4 favorable standing, both in financial
!; and business circles of the city. Al
are men of broad business acumen
: sterling integrity, unquestioned hon
esty of purpose and have given their
time, energy and experience to every
proposition that promised a better
ment, or argued an advancement, fol
the banking business of the city oil
ment of the banks business is due tC
their activity in its behalf.
: The State National Bank does q
general banking business in all its
; various branches, and a constantly
II adhered to policy of courtesy, eff
| ficiency and service is featured In
every department.. This together witt
the fact that it is a strong, conserva'
lively, yet progressively and admirably
l managed institution, has been largely
| instrumental in securing for 1t the
present proud distinction 1t has gained
of being one of the dependable bank
ing institutions in the entire south
8 west
The Trust and Savings feature
under the name of American Trus
and Savings Bank the stock of which
Is owned by and held in trust for
1 the stockholders of the State Nationa
o Bank, was added six years ago. From
Al the very date of its organization /
! has been one of the popular feature
d of the banks activities 1t has
capitalization of 500, goo, which will
its surplus. undivided profits, deposit
r and bond deposits, give it total asset
l of $795, O36.09.
The resources of the State Nationa
Bank are as follows: Loans and dis
: counts, $l,7S6,756.95; overdrafts
none; L. S. bonds, $25O,000; stool
Federal Reserve bank, $500; LIB
erty Bonds" $13S,774,70: U. s. cert
ficate of Indebtedness 100000; bank
ing house, etc. $50 600; interest earn
ed, but not collected, $40, l29.R, an
cash and sight exchange, $579,42O.S -
The liabilities are: Capital stock