Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-06-13
NE W PRESIDENT
FOR CITIZENS
NATIONAL BANK
NELL B. Field Sells Stock to
Albert G. Simms, Who Is
Elected President, to Take
Charge July 20.

At a meeting of the board of d.
rectors of the Citizens National
bank of this city yesterday al
noon, Neil b. Field, who has been
president of the bank for the past
two years, rendered his resignation
as president and director of the
bank, accompanying his resigna-
ton with the above letter. The
board of directors regretfully ac-
cepted Mr.. Fields resignation and
adopted a resolution of thanks to
him.
Mr.. Field explained to the board
that the large demands made upon
his time by his private affairs rem
dered il impossible for MIN 10 CON
tinue to devote to the affairs of the
bank such attention as he fell they
merited; and he suggested that the
bank had now grown to such pro-
portions as to properly require The
president OF the institution to de-
vote his entire time to ITS affairs,
which he, Of CChse could not do.
The vacancy in the board of d.
rectors occurring by Mr.. Fields
resignation was filled by the unan-
imous election of John T.. Simns
of the firm of Slmms and Bolts OF
Albuquerque The board Of direc-
tors then unanimously elected AL
bert G.. Simms as president of the
bank. Mr., Simms is a lawyer of
several years practice in Albuquer-
que, and has been connected with
the affairs of the Citizens National
bank as a stakeholder and director
for several years past. Mr.. Simms
stated that he expects to give his
entire time to the service of the
bank after about the goth day of
July.
The Citizens National bank has
had a phenomenal growth in the
past year. The assets of the bank
have increased from $4,000 to
$750,OO0 during Mr.. Fields incum-
bency as president. one of the
directors stated that in his opinion
no bank in New Mexico had ever
made a faster growth.
Following is the resolution of
thanks adopted by the directors:
Whereas The Hon. NELL b, Field
has rendered to this board his res
lS lldllOu VI INV W.
zens National bank of Albuquer-
que, and
Whereas 1t is the opinion of the
members of this board that a great
part of the growth and prosper
ity of this institution is due to the
wise and skilful administration CT
Mr.. Field as president. now be 1t
Resolved, BY the board of direc-
tors of the Citizens National bank
of Albuquerque, that the thanks of
this board are hereby rendered to
NJ. Field for his able and painstak-
ing management of the affairs of
this bank since he became presi-
dent, and for his untiring interest
in the growth and prosperity of
this institution.
Mr.. Fields letter follows:
June IL. 1920.
To the Board of Directors Of the
Citizens National Bank, Albu-
querQue, n, NJ.
Gentlemen:-Hav sold my
stock in this bank to Mr.. Albert G.
Simms, beg to tender you my res
ignation as a member of the board
OF directors and as president of this
bank to take effect at once.
In retiring from active participa-
ton in the affairs of this instltu-
ton, / wish to express my appre-
citation to this board and to every
member thereof for the very hear
ty and ungrudging support which.
you have given to me as your
president. l congratulate you upon
the substantial and continued
growth of this institution under your
wise management of its affairs and
beg to assure you that my interest
in it's continued growth and success
is not diminished In the slightest
degree by reason of the fact that I
no longer have pecuniary interest
in It,
With best wishes for each and
every one of you, am
Very truly, etc,
NELL b. FIELD.