Alma record. (Alma, Mich.) 1878-1928, 1919-01-23
.ALMA'S BANKS
HOLD MEETINGS
All Officials Of Institutions Re-
elected TO Serve Another
Year.
BOTH AIDED IN WAR WORK
Financial Reports Indicate a Steady
Growth in Keeping with Growth
OF Alma.

The Alma banks and other local
corporations have elected directors
and officers within the past ten days,
who will hold positions during the
coming year Reports of the busi-
ness Of the past year with these in
stitutions, as given at the annual
meetings, indicated that they are en-
joying steady business.
The Alma State Savings bank held
It's annual meeting AT the Offices Of
the bank on Tuesday evening, Janu-
airy II. The annual report shows
that during the past year, in spite of
the withdrawal Of money for Liberty
Loan Bonds and War Savings stamps,
that the deposits Of the bank have
steadily increased, this being true in
both the commercial and savings de
partments.
Because of this steady growth, the
bank found it necessary TO install
another nest Of safety deposit boxes,
which now gives the Bank a total of
2l5 deposit boxes at the present time.
IL was also found necessary 10 add a
new bookkeeper and install new
Burroughs posting machine, to enable
the bank 70 better care for the bust
ness Of its patrons.
The work Of the bank with the
Liberty Loans Of the past year was
taken up in the annual report and
was Of interest. This portion Of the
report indicated that the bank had
subscribed its full quota Of s66, 900
Of certificates of Indebtedness in an
ticipation Of the Fourth Liberty
Loan. Since the war started the
bank has handled 1882 subscriptions
totaling s245,35 in bonds.
At the meeting Of the stockholders
the following dirctors were elected
for the following year: w. a. Bahlke.
Lothian Allen, George Parson, James
F. Mitchell. D. L. Sharrar, E. A. Bag
ley and Karl R. Adams. The direct
ors met and reelected the officers
who served the bank last year They
were: President, W. A. Bahlke; vice
president, Jotham Allen; cashier.
Karl K. Adams; assistant cashier. II.
NJ. Glass; auditor, Flora Wise.
On January II the stockholders Of
the First State Bank held the annual
meeting, 463 shares out Of 500 being
voted. The board Of directors ives re-
elected. The directors are l.. A.
Sharp, Francis King. Chas G..
Rhodes. Perley NJ. Smith, Chas. O.
Ward, Henry II. Soule, and Carl II
Washburn
At meeting held this week by the
directors the officers for the coming
year were elected, these also being
the same as last year. The officers
are: President l.. A. Sharp, vice pres
ident, Francis King; cashier, Carl II.
Washburn; assistant cashiers. J. s.
knoertzer, Frank Parker and VIM.
McFadden; teller, Albert Dumas.
The report Of the bank during the
past year was highly interesting 70
the stockholders. The bank handled
an unusually large volume of busi-
ness, with average daily deposits of
$53,054.00. The bank subscribed 10
$430,O0000 Of Liberty Bonds for it
self and its patrons and TO 100000
worth Of certificates Of Indebtedness
After setting aside 100000 for
the surplus fund Of the bank, it paid
the usual dividends TO the stockhold-
ers and also paid a very creditablo
amount to each Of its employees, under
its new employees profit sharing plan
The largest amount TO the credit
of its depositors, numbering abou,
1900, at any one time was 81 $780,.
583.7l. Through its new business
extension department it expects to
add many new patrons during the
coming year, and already suggestions
have been made for enlarging the
mezzanine floor for two additional
working rooms for its transit and
bookkeepers' departments, in order
that the bank may continue its high
standard Of service 20 the community