The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1923-11-08
CASHIER NAMED
TO LEADERSHIP
Directors Pick J. n. Funck
to Succeed the Late
I'll. B. Robinson.
NO NEW POLICIES
Banking Business to Be Carried
Forward on Lines Followed
for Many Years.

Joseph N. Funck was elected to
succeed the late Henry B. Robinson as
president of the Merchants and Saw
ings bank at meeting of the stock
holders and directors held at the bank
Today. The only other change in the
staff of the bank was the election OF
Milton H. Petit as a member of the
BOARD of directors, Mr. Petit, taking
he place made vacant by the death
# former President Robinson. n A.
Rowe was reelected as vice president,
nd H. NJ. Petersen, long active In the
lffairs of the bank, was advanced to
ucceed President Fonk in the office
# cashier. Under the new manage
nent the board of directors will IN
lude Walter ]. Frost, William w.
Iincent, George S. Whyte, Maurice
7unck, Matt Werve, N. A. Rowe,
oseph H. Funck and Milton H. Petit,
Mr.. Petit, the new director of the
ank, is general superintendent of
.immons company in Kenosha, and
te is a nephew of the late Henry
). Robinson.
1t is announced that there is 70
hange in the financial backing of the
,ank and the Robinson interest will
,emain intact with Mr. Petit being
the director representing it.
No Change in Policies.
There will be mo change in the poll
cies for the handling of the business.
The plans which had been followed
over a quarter of century in which
the late President Robinson directed
the bank, will be closely followed
under the new leadership. No changes
will be made in the working staff of
the bank and the large plans of the
bank for the erection of new home
on Main street, are to be continued
and they will be carried out just
as soon as building conditions make
it possible.
Members of the board of directors
have every confidence in the new of
ficials to carry forward the work of
the bank without interruption.
Funck a Kenosha Man.
President Joseph N. Funck, who has
been picked to take over the manage
ment of one of the largest banks in
southern Wisconsin is a Kenosha pro-
duct. He is a son of Maurice Funck,
one of the best known of the pioneer
business men of the city. He was
porn and raised in Kenosha and after
completing his education he was as
ISOLATED with his father in the grocery
business with the old Lentz and Funck
irm at the corner of Park and Main
streets. Later he was a member of
he firm of Scholer and Funck in the
continuance of this business.
A little over thirteen years ago he
save up the grocery business to enter
he Merchants bank. He was named
an assistant cashier when he en-
cred the bank, but in short time
,e was advanced to the position of
asher. 1t was the plan of the late
PRESIDENT Robinson to train him for
leadership and for years he has occu-
lied the chair in the front office in
rider that he might better know the
,atrons of the bank and their demands.
Widely known Among Bankers.
President Funck has taken a very
ctive interest in the advancement of
etter banking in this section of Wis
onsin. lie has been an active mem
err of the district association of the
ankers and has taken a lively inter
st in the work of the State Bankers
ssoc;ation. His conservative ideas
ave been helpful in working out many
roblems of these organizations.
There will be no change in the
olicies of the Merchants and Saw
,gs bank" said President Funck fol
owing his election. mir. Robins or
as an excellent banker and in the
ears which he as built up this in
titution he trained the men under him
long right lines. His policies are the
olicies which are to be continued with
view to making of this institu.
ion an always progressive but ar
lways conservative bank"
Holger Petersen, who is named as
asher by the directors today, has
)een connected with the bank fol-
,ver thirteen years. He started as q
messenger in the bank and was elevat.
d to the position of assistant cashier
Mr.. Petersen was educated in the
Kenosha schools and all of his time
since the completion of his education
has been spent in the Merchants
oank. He is widely known among the
patrons of the bank and to the financial
world of this section of Wisconsin.