The Birmingham age-herald., 1924-01-09
BANKS PR0SPER;|
 OFFICERS NAMED|
Annual Meetings Held By Birmingham Financial Fn-
 Stituti0nS Tuesday

Gains reflecting year of phe- nomenal growth and expansion were announced Tuesday by Birmingham's banks. the majority of which held stockholders and directors meetings during the day.
 Few changes in boards of directors or officers were made. Some in creases in surplus and capital stock were made; healthy dividends were in all cases announced, and deposits were generally reported as having grown tremendously.
 Directors of the American Trust and Savings Bank were reelected in full at stockholders annual meet ing at o'clock. In addition to the reelection of all officers, the addi- tion of c. M. Shill. as assistant cashier, was announced. MT. Shill has been connected with the bank for IA years, and is regarded as one of the city's promising young bank CTS. The presidents report showed banner year for the bank, it was announced.
 Stockholders of the First National bank, meeting Tuesday morning at II o'clock, reelected the board of directors who will re-elect the same personnel of officers at their first meeting Thursday. The bank paid the regular dividends and reported a prosperous year.
 Old Board Reelected.
 The old board of directors and of- ficers of the Traders National bank were reelected at the annual meet ing of the stockholders held at II o'clock. The bank reported it's twentieth year as it's most success full; two regular semi-annual divi- dends of per cent and two extra dividends of per cent were de- clared, 1t was said. A quarter of a for 1923 was a feature of the state ment..
 Authorization for an increase in capital of $1,000.00o. or from s3.000, 900 to s4,00O,000, was given at a meeting of the stockholders of the association. The old officers and di- rectors were reelected.
 An addition of $50,000 to the sur- plus of the Birmingham Trust and Savings company was reported at a stockholders meeting. The regular quarterly dividends. the reelection of directors and officers and the an- nouncement of an excellent year were reported also.
 Bessemer Banks.
 The First National Bank of Bes- semer reported the addition of $10.- 900 to the surplus fund of the bank surplus now is ss0.000. The decla- ration of regular quarterly dividends of 6 per cent and the reelection of old directors and officers was an- nounced.
 A meeting Of stockholders of the City National bank of Bessemer at 3 o'clock resulted in the reelection of the old board of directors and the addition of H. c. Kyser of the Gen. tral Lumber company to the board. An increase of half million dollars in the years business was re- ported
 Stockholders of the First National bank of Fairfield met at 3 o'clock and re- elected old directors and most officers, adding c. N. Gilley, as vice president; Chris Maiugg, as cashier, and E. H. Hildebrand as as- sistant cashier. An increase in de- posits of 60 per cent over last year was reported. .
 The Woodlawn Savings bank held it's annual stockholders meeting and re elected the same corps of direc- tors and officers, reported the decla- ration of its usual dividends and re- ported the best year in it's history. The stockholders meeting or the Federated Bank and Trust company was postponed until January 23. The inability of the Cleveland, O.. inter- ests to attend Tuesday was given as the reason.<
 The Bank of Alabama will hold it's stockholders meeting Wednesday at o'clock: the Bank of Ensley at noon Wednesday, and Steiner Broth CTS bank will hold it's meeting upon the return of MT. Steiner, who will be in New York city for fortnight.