The Birmingham age-herald., 1921-05-01

Some years ago, as a reward fer. their ferred a substantial interest in the bank Messrs. Ramsay and Mccormack trans ferred a substantial interest to the bank to Mir. Chadwick ard MT King, with the understanding that at the proper time they were to take over the full interest of the bank Yesterday the time arrived and Messrs. Chadwick and King pur- chased the balance of the stock and the own the entire stock. The title of the bank will remain unchanged, and will still be known as "The Bank of Ensley (Ramsay & Mccormack, Inc.'
 TRANSFER OF STOCK
 In their announcement of the transfer of the stock, Messrs Ramsay and Me- Cormack pay fine tribute to the faith fitness and ability of their young asso- ciates, and pledge their further efforts to the development of the city of Ensley and it's noted banking institution.
 With it's. deposits reaching s3,5OO.oOo, it's capital stock $10Oc00, surplus $10O,UoO and It's undivided profits $l0o,ooO, the Bank of Ensey takes fourth place in the banks of Jefferson county and is one of the largest banks of the state.
 Just as the Bark of Ensley takes high rank among the banking institutions of the state, equally so do Robert F.. Chad wick and Samuel c. King take high rank among the business men of the city and district, for it is due to their eff forts and business acumen that the bank has reached it's present state of pros perity. They represent that splendid type Of clean-cut young business men who have contributed so much to the de- velopment ard material prosperity of the district.
 NEW OWNERS
 MT. Chadwick has been connected with the Bank of Ensley for 21 years, and much of its progress and prosperity is due to his efforts. Than Cap as he is known to his many friends there is no more popular man in the district. Ills never-failing activity nall matters per taining to the welfare of the city and community have made him host of close friends and business associates.
 Another splendid type of young men IS Sam" King, who has been connected with the Bank of Ensley for the past 1b years. Coming to Ensley as a boy and accepting minor position in the bank, he, by application to business and natural ability, rose by regular graduations to his present position. Like his associate, he is ever courteous and at all times ready to lend his aid in all matters per taining to the advancement of the dis trict.
 RAMSAY AND MCCORMACK
 The following statement was made yes- terday by Messrs. Ramsay and McCor- mack:
 Tt has for a long time been our in tenton at some date to arrange so that Messrs. Chadwick and King, who have been associated with the Bank of Ensley from it's early days, might receive the full benefit of their long and efficient service to that institution
 Some years ago we arranged with them to take over a substantial interest in the bank with the understanding that when they felt themselves able to do so, they might acquire the remainder of our interest.
 Finding themselves in position to do this and carrying out our policy to retire from all active business as fast as pos sible, we are transferring to them the remainder of the capital stock of the Bank of Ensley, believing that this is the only practical way to assure to them that they may continue to operate the bank and be rewarded for their long eff forts in the building up of the business of the bank
 We will continue to give them the benefit of our advice and counsel, and to