Pine Bluff daily graphic., 1920-01-14
YOUNGER MEN IN LOCAL BANKS ARE
 GIVEN NEW POSTS
Promotions Mark Close of the Year in Local Insti-
 tutiOnS

ear HI E4OCal InStl- tutions
 The annual election of officer, 1 and directors of banks yesterday wa: characterized by the promotion o1 a number of the younger men em ployes to positions of more trus1 and responsibility, at increased sal. 1 arles. Several changes occurred ir the personnel of the officers anG the board of directors and many bank employees were given increases | in salaries.
 Innovations in the way of handling this years increased business arc being planned. The Cotton Belt bank, for one, plans to separate it's savings department from the com mercial department and to make re- pairs inside the building and install regular savings department, which Witl be a separate department of the banks activities. This change will be effective about the first of Feb ruary.
 The following were elected as di- recotrs of this institution yesterday: ]. E. Boyce. R. M. Galbraith, Lee FoE, pr. A. W. Troupe, Ben B. Veil E, H. Elsberrv, J. w. Crawford, Har- vey Hogg and Jack Bernhardt. MT Rernhardt takes the place on the board of Clifton Dreyfus, who de- clined reelection on account of his private business interests demand ing all of his time. At the meet ing of the board of directors the following officers were elected: J E. Boycc, presidents; R. M. Galbraith and Jack Bernhardt, vice presidents; c. H. Bolinger, vice president and cashier; Harvey Hogg, vice president and treasurer: w. l.. Afford and R H Hankins, assistant cashiers. The latter two men received promotions MT. Bolnger was also elected secre- tary and MT. Hogg assistant secre- tary.
 The directors of the bank in elect ing three new vice presidents, c. II Bolinger, Harvey Hogg and Jack Bernhardt, and the two new assist ant cashiers, W. L. Afford and R H. Hankins, departed somewhat from the custom in vogue in previous years, owing to increased patronage A dividend of per cent was de- clared making 10 per cent for the year.
 Pay Two Dividends.
 Practically all the stockholders ot the Peoples Savings Bank and Trust company were represented at the election there yesterday. The stock holders were highly pleased at the report of the banks condition. Two five per cent dividends on stock have been declared during the past year and substantial increase shown in undivided profit account. The stock holders expressed by resolution their thanks to the officers and directors of the bank for the profit made dur ing the year and for the handsome gain in deposits. Deposits are now Soss,oOO. The following directors were elected: J. A. Clement, E. A Howell, w. J. Shepherd. Leo M. An drews. J. H. Mann, w. c. Crittenden and H. B. Strange. w.. J. Shepherd is the only new member of the board. All the old officers were reelected, as follows: J. H. Mann president; J. A. Clement, vice presi,, dent: H. B. Strange, secretary and treasurer.
 The directors at the meeting in creased their surplus fund $1O,OOO The bank now has capital stock o1 oC1 s1OO. 1000. The surplus (certified fund is S5O,OOO and the undivided profits $11,OOO.
 Only two changes were made al inc C;tizens bank. this being the election of D. Mcdonald and c. A Fullenwider as assistant cashiers The. other assistant cashier IS H' U Byrd. M. E. Bloom remains the cashier: J. c Bain, George l.. Mad ding and D. B, Niven, vice presi' dents: and John B. Speers, president
 The directors are T. n: gregory !. B. Speers, H. c. Fox, n. E. b!u- thenthal. R. A. Pickens, J. .. bain George l.. Madding. B. F. Adams, r M. Roane, M. E. Bloom and D. b Niven.
 Re-Elect Directors.
 All former officers and directors of the Merchants and Planters bank were reelected. with one addition to tba % list of officers. R. W. Etter who has been in charge of the say mos department, becomes an oil, cer of the bank with the tltle oi manager of the savings department and assistant cashier. .,
 The other officers are $. C. Alex ander. president; J. w. Jones, vice president; A, D. Foster, vice presl- dent and cashier; J. P. Jordan, as- s;stant cashier. The directors are ar, !. W. Wilkins. J. s. Ingram, J. w Jones, w. E. Collier, s. C. Alexander and A. D. Foster. n, ,u,
 No changes were made in the list of directors and officers of the Sim mons National bank. In addition to a dividend of 15 per cent, $5o'oot was passed to the surplus fund ou' of the earnings for the past year bringing the surplus fund up te 5000. .OoO, which represents the earn ines of the bank since its organlza, ton @ in excess of total dividends o1 SONY 900. which have been paid te inc stockholders and undivided prof' it's of $27,0OO. 2 ' The officers of this bank are z orto. president; w.. N. Trulock, vice k. ~~~~~~~-~~~~~ ,,l .,. Dono G\