Putnam patriot., 1924-11-14
NEW CITIZENS BANK
 DOES BIG BUSINESS
Officers Delighted With Hearty Backing Accorded By
 Community
Official Charter Arrives This Morn. ing .-- President Issues Statement

Exactly three months to day from the time of tke closing of the First National Bank. by vote of its directors because of the defalcations of it's cash. fer, C. Harold Giipntrie, Putnam again had secured commercial banking ac= e0mmodations. On Wednesday of this week, the l2th. not one but two banks opened their doors for business. re- placing in the banking community the service heretofore rendered exclusive ly by the former national bank.
 Officers of the Citizens National Bank. which on Wednesday openc6 it's doors for business in the old national bank building, received with this mornings mail, the official charter un- der which it Is authorized ta carry on n commercial and savings bank beSi- ness. Comptroller Dawes whose name is signed to the document, said he would grant the charter. some time ago. but it did not arrive in Putnam until today.
 The charter Is dated Nov. fl, 1924, 80 Armistiee Day may be regarded as the birthday of the bank.
 All during business hours on We'd nosday, there were lively scenes at the Citizens National Rank. which opened in the old national bank build ing. Clerks were kept on the hop opening new checking and savings Ac counts and President Reynolds and Cashier nanieison and other eSecu- tives and officers were busy with in- terxiews of clients. It was a busy scene and busy day. Looked. in fact, like sold times.
 Many Floral Message.
 About the lobby and in other eons spleuous spots were baskets and bous quets of flowers from neighhoring banks and investment houses, sent by them wish messages of good will and the hope for success to tho new bank. Flowers were sent by the following:
 l. C. Hall Co, R. l. Hospital Trust Go. Danieison Trust Co.,, Putnam & Co. Nindham County National Bank. Cargill Trust Co.,, Putnam Coal x Wood Co.,. Q. K. Hermanson. S..A. Amusement Co. Superior Bakery, Mir. and Mrs. A. Newton Vaughn.
 Besides the officers, the working force of the new bank comprises James Murray. Iver Nelson. Luclus r. Merriam, Miss Marion Warren and Misa Airline Leclair. They are all former employees of the First National Bank, whose other workers. Miss sharpe, Miss Ellis and Miss Pratt, are retained by Receiver George M. Coffin and his assistant. James E. Farrell, ia winding up the affairs of the wrecked institution.
 Serves Patrons Feur Ways
 The new bank ir serving the bank ing community, which embraces Put nam and all surrounding towns, In four ways. First, through it's com mercial department, in which checking accounts are handled and loans are made on approved security. second, iiA lts savings department; third, In the issuance of certificates of deposit where amounts over a liked hgufe will draw a small rate of interest, be ginning two months after the deposit k made, fourth, in the rental for q nominal sum, safe deposit boxes, si which the bank has GOO.
 Upon the opening of the new bank it's president, Samuel Reynolds, gave out the following formal statement:
 q sincerely hope that the two new banks which opened their doors m Putnam today will operate on the most friendly terms, The policy of the Citizens National Bank will be to render every possible serviee to the community consistent with sound. con servative banking. We will not an- tagsnize anyone and will do all that is possible to promote good feeling, believing that this will be for the best interests of the people of Putnam and surrounding towns"