Arizona republican., 1919-12-12
CENTRAL BANK CONTROL SOLD
 TO NEWCOMER ER
D'Nean Stafford, Former Missouri Banker, Is Elect ed President of Local h. stitution-Man of Varied Interests

D'Nean Stafford, former president of the First National bank of Cape Glrard, Mo, and a prominent member or the Missouri bankers association. was elected president of the Central Bank of Phoenix at meeting of the board of directors of that institution yesterday. Philip K. Lewis, the formef president, resigned and was elected vice. president and will continue, il was said last night to be vitally in terested in the affairs of the bank, re - talnlng a substantial interest.
 lnls change in the personnel of the central Bank of Phoenix means tha MT Stafford, in coming to Phoenix, mas purchased practically the control or the bank. The officers of the Gen. traI bank in discussing the change last hlght, asserted that MT. Stafford wished 1t to be clearly understood that MT. Lewis, instead of stepping out, will remain one of the principal officers of the Central bank last night:
 The Central Bank of Phoenix has new president in the person or DNean Stafford, a new resident oi Phoenix, and a former prominent banker of Cape Girardeau, Mo. MT Stafford has been in Phoenix but q week, yet in that time he has been so impressed with the city and the valley that he has become financially interested in the Central bank and was yesterday elected by the board of directors to be its president. MI Lewis was elected vice president re talning substantial interest and will continue to be vitally interested in the welfare of the institution.
 Banker 15 Years
 The new president of one of our oldest and soundest financial institu- tions is a banker of l5 years experi ence and has been heavily interested In number of banks in southern and southeastern Missouri He resigned his position as president of the Firsr National bank of Cape Girardeau and Will immediately assume his new duties here.
 MT. Stafford is 8 graduate of the law department of Missouri university. turing the war he served on many i'm portant standing committees, was 4 president of the Red Cross organiza- non Tn his district and was promin- ently identified with every patriotic ana civic movement He has been Vlce-president of the Cape Girardeau N"At+NNi VI NOiliiItIft~ TOT some tune.
 He will bring his family to reside in Phoenix in the near future and hi. geniality and good business ability will undoubtedly make him valued and popular member of the business world of Arizona"
 Impressed by Phoenix
 Mr. Stafford was born in Missouri m 1875 and was graduated from the University of Missouri in 1904. He en- tered the banking business and was regarded as one of the leading bankers of Missouri Discussing Phoenix and the Salt River valley last night. he said:
 One of the first things that im- pressed me upon coming here was ths surprising bigness of things, not onIv of the great valley, but of the citv itself. I'm here because of the repre. sentations made to me by reliable peo- pie as to the future of this section and I'm frank to say that it is my conviction, after being here for ten days, and after visiting all parts of the valley that the representations were very conservative.
 T am a believer in the undoubtad future of this great section. and an, anxious to do anything in the world ] can to cooperate with it's splendid