Imperial Valley press., 1922-07-06

Banks have individuality like persons. They have
strength weakness of character and sometimes alas
whims and caprices just like ordinary human beings
The Security Commercial & Savings Bank is ndi-
vdual It has it's place in the community and in the bank
ing business 1t has habits of thought and conduct which
have become we'll known that could say, 'hat is
like the Security Bank hat is what might be expect
ed of the Security Bank
The Security is not the largest bank in the city It
may be and apparently has ambition to become
big bank at the expense of other things it's officers
slider vital Realizing that safe bank grow
beyond the ability of it's territory support bank the
Security has pursued conservative policy loanng it's
funds basis of actual values rather than following
false economic whms that with initiation after the
World War.
The Security is Country" bank. That term is de-
scripve enough that nearly everyone knows what is
meant when speaks Of institution being 'ypi
cal country bank ''good country bank
The Security is typical first class country bank
Customers understand this term to mean that the
management of the bank has sympathetic understanding
of the farmers problems 1t that the sort of busi
that the farmer brings is recognized worth having
and worth taking of. 1t signifies that the manage
men of that bank thinks in terms of cattle and hogs dairy
products and farm produce and not much of town lots
the aurng enterprises of city life and the things
of the speculative world.
The Security is a first class country bank.
This does not that the ban, has not been able
to give much o%city bank service Through it's city
nectons has participated in the purchase of large bond
issues financed real estate purchases beyond the ability
of strictly local bank and many ways brought the
vice of large bank to meet the requirements of it's
customers n ##T@TMs
The Security is the youngest of the Ell Centre banks
1t started about ten years and has had steady
consistent growth The record of the Securys growth
is really about the best index of the development of the
territory in which does business for there have been
spectacular changes of pocy business acquired under
unusual pressure and business gained by consolidation
but merely that which has been added in the normal in
crease of Imperial county's wealth.
The following of the landmarks along the
way NsMX.M8E
The Security Savings Bank was organized by. the old
First National Bank in 1912. Soon afterwards the stock
became divided between two conending factions and the
bank "StOOd Stil for three In 1915 the
tire stock of the bank purchased by its present owners
and policy of banking adopted that has never been
changed. The changed to Security Commercial
and Savings Bank.
The original capital stock was S25 OOO This was in
creased in 1916 to $4,000 Starting with surplus the
bank has earned and paid into surplus account $3OOOO
giving it combined capital and surplus of $4,000 The
$10OOOO.OO
In 1914 the bank had less than s1OO,oOoOo deposits
Each statement thereafter showed steady growth in de-
posts until the high point of initiation in 1920 when the
bank showed $7O0O0O00 deposits, with money bor-
rowed redsconts After that point the of
the bank decreased somewhat following along with the
period of depression that hit the Imperial valley The
bank was able to qudae to meet the needs of its custom
ers and for nearly year during trying times the Security
borrowed no money and discounted none OF it's paper
The books of the bank reflect better than words the
financial and economic condition of the Imperial valley
Since the low point in the fall of 1921 the of the
Security have gradually increased The last published
statement shows deposits of than 6OOOOOOO and