Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1921-06-10
FARMERS NATIONAL BANK.

FARMERS NATIONAL BANK.
The prosperity of n community is
invariably reckoned by it's banks, for
there is no better criterion by which
to judge the stability of town or
section than by its financial institu-
tions.
Tested by this high standard, Taze-
we'll stands the peer of any town its
size in the United States and n no.
tent reason for her enviable financial
fame is to be found in the Farmers
National Bank.
This is the towns youngest bank.
and its phenomenal growth since its
establishment less than IS months
ago, is Indicative in the highest de-
gree OF the courtesy and accommo-
dating methods employed in its con-
duct, the efficiency Of it's manage
ment and solidity of it's resources.
Tazewell and surrounding section
needed just such an institution and
the men at its head realized this
fact when they organized for its es-
tablishment and with the passing of
year it has gained the confidence
and respect of this, the most pros
porous portion of the Old Dominion.
| In addition to doing general
banking business. a savings depart
mcnt is maintained and operated for
the benefit of those who wish to cul-
tivatc the thift habit 1t is the opin-
ion of the officers of this bank that
1T is just as necessary to teach the
child the Importance of savings as It
is to instruct him in the rudiments
of the English language. Therefore
with this object in view, the savings
department was established and that
it is bearing fruit is plainly demon
strated by the large number of ac-
counts on the books Of this bank.
Mr.. Carnegie's immense wealth
cmanated from his first savings Of
81 900. 1t is just as important that
yor. should practice thrift; it might
mean as much in your life as it did
in this great financer's.
The reader can gain some idea of
! the growth of this bank from the
following figures. 1t began business
in February a, 1920. with resources
| of $1O5,070.04 and on April 1S, 1921,
the last date it was called OH to
make a statement to the comptroll-
CT of the currency, its resources to-
tailed the large sum of $664,214.34.
This proves that the bank is not on
ly serving the best interests of the
people of this section, but it has
also won the full confidence of the
business men, farmers and others
who appreciate the highest ideals as
practiced by banking corporation.
The capital, surplus and undivided
profits of the bank aggregate $780,
10000. Three per cent is allowed
on time deposits and savings ac-
counts. One dollars will open an ac-
| ~ IN, tbn -
This being a national bank it is
conducted under the supervision Of
the Federal government, and every
| safeguard possible is brought to bear
to protect the interests of the de-
positors. 1t is also Il member of the
Federal Reserve system.
The home of this popular bank Is
one of the handsomest and most at
tractive in Tazewell, while it's equip
ment is the most modern and thor
ough to be found anywhere. The
vault door is equipped with up-to-
the-minute electric burglar alarm
system and also special burglar
lock. which safeguards the funds and
securities of customers from rob-
berry. Safety deposit boxes are also
provided patrons at small rental.
It's officers and directors are gen
| tlcmen of the highest sense of hon.
or and strictest integrity, who have
created 4 feeling of perfect conf.
;lence and trust on behalf of the pub
lie, extending Mt all times that cor
dial, hospitable treatment to clients
that has contributed in large meas
ure to the development and success
of the institution. Under their super.
vision and management sccnrity OF
the administration of all public and
private affairs is guaranteed.
The officers are: r. g. Chapman,
President; H. f. Harman, vice presi-
dent and Aaron Russ. cashier. Di-
rectors including the above named
gentlemen are: f. R. Boyd, H. G.
Mccall, A. 2. Litz, ]. A. ,Irccver, S.
B. Ward Jno. G. O'Keeffe .Jno. I. De-
Bord and DR.. r p. Copenhaver
The Farmers Nati0na, Bank is
progressive enough for prosperity
and conservative enough for safety.
Strength, courtesy, enterprise and ef-
ficiency characterize its conduct.
The wide experience and recogniz-
ed ability Of its officials and direc-
tors. under whose prudent and sound
, administration of affairs, the careful
investment of funds, the wise precau-
? tionary methods adopted to protec:
customers and the reputation thc
bank has gained for liberal dealings
with patrons, have all been big fac
tors in bringing the Farmers Ma.
+ tional Bank its large patronage ant
: increased popularity.
THE BIG STORE.