The Birmingham age-herald., 1924-07-13
BANKS AN INDEX
 OF PSYCHOLOGISTS GREAT GROWTH
Three Solid Institutions Add To City's Busi-
 ness SOundness

The maintenance of flourishing banks is a convincing indication of Tusca- loosa's commercial soundness. Three solid institutions which long have lent their resources to the upbuilding of the community and the stabilizatiOn of business, are Tuscaloosa's financial monuments.
 :, It is significant that deposits in these three banks were nearly sextupled in fourteen years, the total for 1910 hav- ing been $1, 1,244,512, and for this year, $7,036,678. Bank deposite in 1915 were $1 ,S67 SIS, and in 1920 had climbed to $5,430,172, but even the latter figure, representing the high tide of war pros- perity is greatly exceeded this year.
 Merchants Bank
 x The Merchants Bank and Trust com pany, which began business under this name in 1907, succeeding the Merchants National bank, established in 1887, will shortly be housed in it's new eleven story building. The Merchants bank has always been a powerful factor in the financial affairs of the city and has pursued from the beginning a broad and progressive policy.
 This bank stands four square for
 
 has constructively evidenced that fact on every possible occasion" is the in stitution's message to the public.
 "Our confidence in that course has been strengthened by healthy growth each year since organized.
 we invite the opportunity to place at your disposal the facilities of strong, progressive and looking d. IL, der supervision of an executive who takes an intimate personal interest in the welfare of our customers"
 The capital of the Merchants bank is $250,0OO, surplus and undivided profits, $15O,000, and resources over $2.5OO,OO0.
 Officers are: C. B. Werner, presi- dent; G. W. Christian, Glenn Foster, ". F. Fitts, Jr., and D. L. Roseman, vice presidents Charles J. Film, cashier; Charles Ingram, assistant cashier.
 -.t City National Bank
 The City National bank is the oldest financial institution in Alabama, hay ing been established in 1865 It has resources of over two and half mil lion dollars, and has stood for nearly sixty years as a bulwark of strength and conservatism. The City bank has operated under its present name since 1907. James H. Fitts founded it on August 15, 1865 and served as its guid- ing executive until the date of his death in 1915, when S. F: Aston sue ceeded him as president. R. H. Coch- rane is the present head of the City National bank. Samuel F. Clabaugh and J. T. Horne are vice presidents; Frank S. Daniel, cashier; John NJ. Donoho and Howard E. Hammer, as- sistant cashiers; directors, J. K. As ton, W. w. Brandon, R. H. Cochrane, J. J. Doster, W. H. Eddins, J. H. Fitts, Frank Fitts, J. T. Horne, E. B. Nu- zum, Henry A. Jones, D. O. Parker and Hayse Tucker.
 First National Bank
 The First National bank has had the longest existence under it's pres ent name of any of the financial in stftutions of the city. It was founded in 1871 by Washington Moody and associates, with Judge Moody as it's first president. The oldest national bank in West Alabama, it has always merlted the reputation of having a sound, yet progressive financial policy. The First National was the first of Tuscaloosa's banks to have it's assets pass the million mark. It is a United States depositary, state depositary and member of the federal reserve system.
 Officers of First National bank are Frank M. Moody, president; J. c. Per sons, acting vice president; A. c. Cade, vice president; c. N. Maxwell, Jr., cashier; c. o. Hayslett, assistant cashier; E. H. Phifer, assistant cashier A. c. Cade, J. L. Brierton, Frank NJ. Moody, John D. Mcqueen, Charles N. Maxwell, Sr., A. Leo Massa Washing ton Moody and J. c. Persons, direc- tors.
 Tuscaloosa has never had a bank failure. Its three banks have over 42,OOO check and savings accounts, and combined resources of seven million dollars.
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