The central record. (Lancaster, Ky.) 18??-current, 1919-06-05
THE CITIZENS
NATIONAL BANK
Makes Extensive I'M
provements.
Now One of the Hand
soonest Banking In
stitutiOns in Gen.
trail Kentucky.

The Citizens National Bank is
back in its old quarters, on the corner
Of Danville Street and the Public
Square. after having had installed
handsome new mahogany furniture,
mosaic floor, freshly decorated cell
ing and walls, rest room for ladies,
private consultation room, new cash
ier's office and every facility for
elegance and comfort.
These Improvements added to
fire and burglar proof vault of the
most modern pattern, which was built
last year. makes this easily one Of the
handsomest and most commodious
banking buildings in Central kentuc-
ky and in fact compares favorably
with the banks of the larger cities.
We deem it of interest to the pub
lie at this time to give short history
Of this solid old institution, which
has forged so rapidly to the front in
banking circles until it now ranks
favorably with the financial institu-
tons of the country.
The Citizens National Bank was
organized in 1888 by Garrard county
people, who realized the need Of an
other banking institution in Lancas-
ter, and was success from its foun-
dalton. The original capital stock
was S135,000, but during the years
following its institution a stringency
in financial affairs of the country
brought to the realization of the stock
holders that this was too heavy cap
italization and the capital stock was
reduced to $4,000, at which figure
it has remained to this day.
The original personnel of officers
was J. NJ. Higginbotham, president,
Lewis Y. Leavell, vice president; J.
p. Sandifer, cashier and B. F. Hud-
son. teller. The original directors
were Messrs J. NJ. Higginbotham, l..
Y. Leavell, B. G. Mullins, J. j. Wal
ker, Joseph Simpson, L. +. Hubble, 7.
NJ. Arnold, J. NJ. Logan and j. S.
Johnson. Mr.. J. NJ. Higginbothan,
the initial president of the institution,
remained continuously in this office
up to the time of his death, which oc-
Cured in February 1902. Mr.. Lewis
Y. Leavell was elected as Mr.. Hisgin-
botham's successor and he in turn
filled the office up to the time of his
death. Mr.. J. ]. Walker was elected
as president to succeed Mr.. Leavell,
serving until 1911 when he was sue
ceeded by Mr.. B. +. Hudson who has
since served as the chief officer of the
bank.
Mr.. Lewis y. Leavell served as
vice president Of the bank until 1902,
when he was elected president. Judge
Joseph S. Robinson served as vice
president for one year preceding his
death, In 1889 Mr.. j. P. Sandifer
retired as cashier of the institution
and was succeeded by Mr.. b. F. Hud-
son, who served continuously in this
capacity until his succession to the
presidency in 1911; he was succeeded
by Mr.. W. +. Champ, who still occu-
pies that position.
Mr.. W. o. Rigney became con-
nected with the bank in April 1890 as
teller and has been with it contin-
uously since; he is now assistant
cashier and most efficient and
courteous officer.
Messrs b. +. Hudson, J. J. Walker
and H. c. Arnold are the only original
stockholders of the institution now
living.
Mr.. c. ID. Walker entered the bank
Jan. ~, 1892 as individual book
keeper and served in this capacity I'M
til Jan. ~, 1911, when i'll health
forced him to retire. He was succeed
ed by his brother, Joe j. Walker Jr,
who was made assistant cashier in
1918.
The bank since its organization has
had four presidents, only two of
whom are now living; four vice pres
idents. only one of whom is now liv-
ing and three cashiers, all Of whom
are living.
To one of the deceased officers Of
this bank Lancaster owes an institu-
tion to which she can point with
great pride, namely our magnificent
Graded School Mr. Lewis Y. Leav-
ell in his will gave more than 100000
to this institution, making possible
the present magnificent building and
commodious grounds which are not
only a pride and honor to the COM
munity, but a monument to the men,
cry Of this noble man.
This bank has occupied its present
quarters since its organization; The
building was erected in 1882 BY