Iron County record. [volume] (Cedar City, Utah) 1893-1982, 1921-03-25
Bank of Southern Utah.

The banking institutions of community the mediums
through which the prospective immigrant that community
judges the financial standing and the possibilities for s making
that community. If the banks progressive and
show good records then he Immediately favoraby
pressed and first impressions lasting very
peratve that growing and developing community maintain
banking institutions capable of handling the financial business of
that locality.
In the Bank of Southern Utah. Cedar City has an insitu
ton of which it rghtfuy be proud This institution
organized and opened for business 1904 and from that day
has steadily advanced and grown The bank was originally
organized by T. Porter and associates AT that time Mr.
Porter associated with the Branch Normal which is the
Branch Agricultural College, Principal He State Bank
Commissioner having severed his connections with the bank here
The institution originally organized with capital stock
of $4,000 but steady the advancement of business
that 1909 necessary increase the capital stock to
$4,000 About FIVE years ago found necessary again
increase the stock and today the bank operating with capt.
$500 200 surplus approximately '''' the stock being
The record Of this institution unique and while the
actual financial statement of the bank does show any radical
gains business during the last eight years the advancement has
been mpercepbe This best explained by stating that
the time of its organization the only bank south of Rich
field and handled banking business FIVE counties Then
with the development of the country banking institutions
organized at different points until since that time there has been
approximately twelve new banks organized which naturally drew
the patronage from this institution for their individual To-
cates Yet the Bank of Southern Utah has held its and
today after active business the class with
million dollar banks Its deposits the neighbohood
Some of the most influential men in Southern Utah are
behind this bank both morally and financially. Uah JONES'
who has been influential the development of Southern Utah.
native, and extensive stock grower farmer and land
well from this district also the president of
Southern Utahs leading Mercantile Institution He has con-
stanty been booster for this section and influential factor
in business
David Buloch president, is farmer and livestock
He the hrst white boy born the city of Cedar and proud
OF the distinction He extensive land and
tensve operator in sheep and cattle.
Foster. cashier has been identified with the bank
its organization He is recognized of the states conser
vatve bankers He Cedar City from ST. George and
enjoys the friendship of everyone who in touch with him.
He is also a director in the sheep store.
The directors, in addition to Mr. Jones and Mr. Bulloch
mentioned above at this time consist of NJ D. Higbee farmer
and livestock grower and extensive land owner H. w. Epn
retired farmer and livestock man. living at Orderle Kane
county; and Albert Lunde, who has lived here for twelve or
fifteen years and considered wealthy having made
of the sheep industry
E. NJ Cory assistant cashier has been identified with
the bank for about fifteen and also recognized of
the states successful bankers
This institution has gained its reputation by careful con-
sentative banking and by taking of its patrons all
gence 1t truly institution which Cedar City can point
with pride of the prime factors the development of
local resources.