Ellsworth American., 1920-01-14

A Prosperous Year for the Bank
New Directors Elected.

New Directors Elected.
The annual meeting Of the stock
holders of the Union Trust Co. of
Ellsworth was held at the banking
rooms of the company at 2 O'Clock
D. m. on Tuesday, January 1S, with
a large attendance.
The board of directors was en-
larged by the election of several new
members, and is made up OF the
following well-known business men:
Fred A. Chandler, physician, Addi-
son; William F. Campbell, repre-
sentative, Cherryfield; Lucilius A.
Emery, ex-chief justice supreme Ju-
dicial court of Maine, Ellsworth;
Henry C. Emery, assistant manager
foreign department Guaranty
Trust Co., New York; Henry II.
GRAY. attorney-at-law Milbridge;
Edward NJ. Graham. vice-President
and general minager Bangor Rail-
way & Electric Co. Bangor; Frank
L. Hodgkins, retired, Lamoine; l..
Elrie Holmes, merchant, Northeast
Harbor; Harvard II, Hayey. gran
lite. West Sullivan; Edwin l..
Haskell, retired master mariner
Deer Isle; George S. Hagerthy, den
tist, Ellsworth: Henry H. Higgins,
treasurer. Ellsworth Bernard 5.
Jellison, general manager {. J.
Treworgy Corp. lumber, Ellsworth
Falls; Frank w. Lunt, merchant,
West fremont. A. Russell Mace,
lumberman, Aurora; Frank p.
Noyes, merchant, West Gouldsboro;
Frank c. Nash, vice-president.
Cherryfeld; Bion NJ. Pike, sardine
packer, Lubec: John W. Paris, mer-
chant. Sedgwick: Ben e. Sylvester,
jr.. sardine packer, South Bluehill;
Arthur L. Somes. merchant. South.
west Harbor; Forrest b. Snow.
attorney Bluehill; Thomas s.
Tapley physician. fremont; Omar
w. Tapley. president, Ellsworth;
Galen II. Young, merchant. Han
cock; BENZ B. Whitcomb, Whit
comb. Haynes & Whitney. lumber,
Ellsworth.
The following were elected for an
executive board Omar w. Tapley,
Frank C. Nash, Bernard s. Jellison,
George S. Hagerthy and Henry II.
Higgins.
The growth of the Union Trust
Co. during the past year has been
marked by a steady increase in de-
DQSlISt DOln AiAt NAfF~h
ing accounts and also in the savings
This increase is in ex-
cess of 10 per cent. for the period,
and demonstrates. to the manage
ment the confidence enjoyed by the
bank by it's patrons throughout this !
section of the State.
In the latter part OF the year.
negotiations were entered into
whereby the business OF the fremont
savings bank of fremont will be
taken over by the Union Trust Co.
thereby bringing TO 1t an established
clientele which has done business
with the fremont savings bank for
many years.
The Union Trust Co has a capi-
tai of 100000. and a surplus and
undivided prohtA of S15e,000. and
is in every way equipped to handle
accounts OF firms and individuals.
During the year 1919 the Union
Trust Co. has paid TO depositors in
terest TO the amount of SAT, 7,959.l9, /
being interest on deposits. This
amount was distributed among
: .000 depositors with aggregate de-
posits amounting to upwards of
2.0O0, 900.
With the increased business and
the work IL entailed. the manage
ment of the bank was not unmind-
full of the loyalty and devoted SER
vice of the employees of the in
stitution, making possible its growth,
which was substantially recognized
at the close of the year.
At a meeting of the executive
board held Immediately after the
meeting of the stockholders, the
following officers were elected for
the ensuing year: Omar W. Tap
ley, president: Frank c. Nash. vice
president; Henry II. Higgins. treas
urer; Monroe Y McGown, assistant
treasurer.
William F. Campbell was ap-
pointed representative and bond
salesman. Robert S. Nichols was ap-
pointed agent at the Cherry
field agency and William H. Thurs
ton agent at Mckinley.