The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1926-01-14
WHAT is A STRONG BANK; BRIEF HISTORY
OF FIRST NATIONAL
ElLX CONTINUED from First Page)

In addition to the above, our stockholders have removed from
the active assets of the banks over forty thousand dollars worth of
Real Estate items, second mortgages and other undesirable and
Objectionable assets. These are the property of the bank and we
use all efforts to collect them from time to time.
These clean-ups have cost be stockholders of this bank about
three times what the law would compel them to pay; it has all
been done voluntarily and their legal liability is still the same. We
know of no bank anywhere that surpasses this record. Our bust
ness is good, healthy and growing, which assures IS the business
men and the public in general fully appreciate the service and
benefits rendered to this community; and this in a large measure
|compensates for the efforts and losses absorbed by us OF the old
We are now well on the fourth year since opening this bank
and our losses are now limited to the small casual items incidental
to any going business.
We have just procured a surety bond of ~s4OoOo:OO covering
the County funds Though generally we have much less County
money on deposit) This bond is written by the American Surety
Company of New York, and speaks well for the banks who can get
such bonds. This also means that our bonds o + other assets are
not pledged with the County to secure such deposits.
Our bank building and fixtures are carried high, but we own
ty and several thousand dollars worth of good Commission mort
cages are owned by us, but not shown on our books until sold or
nine thousand dollars.
Two of our stockholders who own nearly eighty per cent of the
entire stock of this bank, re people of the highest type, honorable,
reliable, with abundant means and willing to use them to the fullest
extent. Their assets consist of high grade bonds, stocks and Chicago
income property and are not tied to any other enterprises that can
and Chicago bankers with high ability. financial standing and ex-
perience, and we have conservative and well to do local stock
holders.
We have reduced our rate of interest on time deposits to four
and five per cent on new money, and also reduced the rate we
charge on loans to nine per cent. We believe this adds strength
and safety.
In times past rumors have come to us from sources, that we
believe ar uniformed, rather than malicious, that our bank might
not be entirely safe. We care not a particle who circulated Them,
how, or why; our past achievements are at least secure and speak
for themselves. So we take this occasion to solicit your business.
If you have any money in your trunks, in your pockets or other
places because you fear banks are unsafe, we know our sound fl
nancial condition and strong connections, and ask you to deposit
funds with us. deposits sent by mail receive prompt atten
tion) We do not ask you to Withdraw your money from othe
banks, as the safety and service of banks are founded on your
cooperation.
This little article is written as a resume of nearly four years
of banking service in this community and at the request of some
of our customers who wish direct information about our banking
strength. We have faith in this community, in its people and in
our town. We know the money spent by a few stockholders who
afford it, to save the many small depositors from losing their
savings, will all return in due time. The future looks bright, we
are strong as the strongest, and trust so mote it ever be.