The Winslow mail., 1923-09-21
HOIbrOOR-- Continued
MERCHANT & STOCKGROWERS
RANK

BANK
Continued from page one)
ness breakdown. In January 1921,
Mr.. MoritZ became connected with
the State Banking Department and
served as Chief Examiner until April
1922 From 1910 until 1916, Mr..
Moritz was connected with the First
National Bank at Albuquerque, New
Mexico. He is a native of Mississippi
and altogether has had thirteen years
banking experience. Mr. Moritz de
votes his entire time to the banks
affairs in his administrative capacity
He is member of tn local Rotary
Club and a Fraternal man. Mr. Nor
itz is not only considered a capable
banker, but he is also an individual
who possesses a rather unusually
good personality and an inherent
spirit of good-feIlowship.
The Merchants and StockgrOwers
Bank conducts a general banking
business in all it's branches and holds
membership in both the State and
National Associations Safety depos-
it boxes are maintained for the con-
yenience Of customers, and five per
cent is paid on time deposits. Bank
1
dius of one hundred miles surround
ing Holbrook and this institution is
conceded to be the oldest, largest,
and strongest bank within this trade
territory. One of the strong points
behind the Merchants and Stock
growers Bank is the enormous wealth
behind it. 1t is estimated that this
collective wealth, taken individually
apart from the bank itself, is cOnser-
vatively estimated at a million dol
lars. The present capital of the bank
is $100,000.00, with surplus and undi
vided profits of about $40,000.0O. De-
posits at present are running about
$600,000.00 and have touched $722,
100000 at high water mark. This
showing is almost phenomenal, con
sidering circumstances as they exist
ed then and now, and also taking into
consideration the difference in local
conditions.
The growth in volume of business
accorded the Merchants and Stock
growers Bank certifies to the faith
the banking public have in this insti-
tuition, and also pays a distinct COM
pliment to the administrative person
mel All members of the bank have
at heart the best interests of the
community always, and the plane
upon which the bank is operated is
much higher than that of the mere
dollars and cents banking business.
Along this line Active Vice-President
Moritz said: MY personal idea Of
what part a bank should play in the
development of the community it
serves is that it should endeavor at
all times to serve unselfishly that
community to the complete salts
faction of its customers. No bank
is thoroughly fulfilling it's mission
unless it aids and helps in numerous
civic advancements and enterprises
which do not directly contribute to the
wealth of it's stockholders. The
banking business is essentially one Of
service, first, last and always"
The Merchants and StockgrOwers
Bank is ESSENTIALLY a home-owned and
home-operated institution. All of it's
officers and directors are, without eX-
ceptiOn, men who have made indivi-
dual successes in their chosen careers
Then, too, another Of the many strong
points of this Bank is the fact that
the average age of residency and
ACTIVITY Oh us ulI6CIIIlS pSISOuu6I, III
this part of Arizona, approximates
forty years. The bank owns it's own
home, both here and at st. Johns. The
building occupied here is in the heart
of the business district, is Of stone
construction, and the banking room
floor space is 35x150 feet. All mo-
dern conveniences for the expediting
of daily business and for the protec-
ton of it's clients affairs have been
installed
The entire personnel of the Mer-
chants and Stockgrowers Bank are
always ready and willing to do their
full share in anything for the better
ment of Holbrook and this section of
Arizona, and wish to be quoted as
boosters. Active Vice-President
Moritz said: Il believe we have a
wonderful future here. | think the
stock industry will show continued
improvement, and after all, this is
probably the basic industry of this
district, and, as it develops, so will
this section develop. We need closer
cooperation between the business
houses and our various industries"