The Irish standard., 1919-09-27
Northeast State Bank
Remarkable Success Of This New
Financial Institution Proves the
Business Acumen of Its Founders.


Business Acumen of Its Founders.
No more striking evidence of the
growth and prosperity OF this metro
poiitan city can be found than that
afforded by the record OF the North
east State Bank, which was estab-
llshed in April, 1918, in handsome
and substantial building specially de-
signed for it's use, at the corner OF
I'd stree and 18th ave. NE. Many re-
markabi yecOrds have been made in
the Twin Cities in the development
OF fin; lciai institutions both in the
central end suburban sections, but it
is believed, all things considered, that
the Northeast Bank has at least
equalled, if it has not surpassed the
best achievements hitherto made in
this line.
Opening with deposits of about
$4,000 in April, 1918, these (Sept. l.,
1919 have now reached the magnif1-
cent total of over $50O,000, an increase
of 1000 per cent within period Of
less than eighteen months. This in
crease moreover was not attained in
jerky fashion or by abrupt steps,
but by steady, constant, and healthy
increase from month to month since
the opening of the bank, and the same
ratio of growth seems indicated at
present for long time into the
future.
The Broadway crOsstOwn and the
I'd street car lines intersect at the
corner where the bank building
stands, directly opposite the new and
handsome church of SIS. Cyril and
Methodius. The building is a two.
story structure of tapestry brick and
of artistic design, the dimension being
36x55, thus affording ample facilities
for all the varied needs of modern
banking service. On the main floor
is the banking room, customer g
room, the directors room, the cages
and safety deposit vaults. The floor
is of marble and the wainscoting OF
Cathedral oak finish All of the equip
ments represent the last word in their
respective lines, both in appearance
and efficiency.
While the elements of location and
community loom large as factors in
the phenomenal success Of this youth
full fina--cial giant, the personnel O1
it's staff of officers and managers has
also been powerful influence in this
direction. The president is William
T. Hoy, general manager of the w. B
& w. G. Jordan mercantile house, who
enjoys high reputation in the com
mercial circles of the Twin Cities fol
his business acumen and unquestiOn
able probity of character. The boari
of directors includes body of sue
cessful business and professional
men. all of whom enjoy the conf
dence and esteem of their neighbor.
and associates and are residents o
the territory served by the bank
One of the directors is Louis N
Ritten, president of the city council
The Cashier is John A. Jezeski, ;
young man who is admirably fittel
for that resposible position by reaso1
of his excellent character, thorough
training and genial disposition. Prio
to his engagement with the Northeas
Bank he had received ten-year train
ing in practical banking, during fiv'
of which he was paying teller at tn
Union State Bank, while for thre
years he was assistant cashier at tn
Mercantile State Bank. In addition
to his vernacular, English, Mr. Jezesk
is thoroughly conversant with the Pc
lish, Russian and SlavOnian languages
Since many of the patrons Of tn
banks must rely upon their nativ
tongues in the transaction of fina1
cial business they eagerly avail them
selves of the advantages of Mr.. Je
zeski's linguistic versatility.