New Britain herald., 1929-07-10
BANK WILL SPEND il0,000 0N CHANGES
Peoples Saving Decides to MOd- ernize Broad Street Structure

The directors of the Peoples Say .ng Bank met last night to consider the proposed remodeling of their headquarters and building located at i19-121 Broad street which they re- ,ently purchased.
 The plans in charge of the bank g birthday committee, were approved The headquarters will be enlarged and the interior and exterior will oe completely remodeled and renoyat- d. The bank will move its quar- .ers from the east to the west tide of the building. thereby en- hrging them to d great extent.
 The front of the building will be Constructed of gray granite stone, reaching to the second floor of the building. The remaining two floors will be untouched as they vert constructed onlv a few years ag). The cost of the remodel cling and renovating will approximately amount to s1o, ,000.
 Further plans were made to dou- ble the surplus, thus making the total s50,000.
 Bids have been asked on the re- construction job. and it is heheveI that the bank will be established in it's new headquarters before fall when a house warming party will be held.
 The building owned by the bank was purchased only few weeks ago yet today it is wholly paid for and free of encumbrances. It is three story structure, part of the upstairs being used as clubrooms by the Polish World War veterans. Gen. eral Haller post. It is located in the center of the business section of the Street, in proximity to the Sacred Heart parish.
 The institution has shown steady progress. since receiving permission from the bank commissioner 10 operate in the northwestern section of the city. Keeping ua with the growth of that section. it is not only serving the wants of the people in the north end. but is gradually gaining depositors from severa. other sections of this community.
 The Peoples Saving bank receiv- ed it's charter from the legislature in 1906. The original incorporators were-Samuel H. Stearns, Charles c. Rossberg. Alfred W. Hadley, E. NJ. Wightman. Yeaton J. Stearns George W. Andrew. William E Rossbers, William E. Hine. F, Costello, William J. Rawlings Thomas Powell August Voight George W. Corbin. c. H. Baldwin, Carl Efferson, A. F. Corbin, the Rev. Lucyan Bojnowski. Bernard r. Gaffney. Loren D. Penfield, Alfred l.. Thompson, Joseph R. Andrews, John W. Allen and Aaron Danielson.
 It's first quarters were with the Hardware City Cooperative and :avings Association on Main street, and later on West Main street. The first officers were-president the vice president. the late Charles c. Fossberg: second vice president, E.. s.T. Wightman; secretary and treas- .s@Arer. the late Y. J. Stearns.
 s-s- New Management Takes Helm aA'r Because it did not grow after an were liquidated. and the directors thought seriously of the plan to re- turn it's charter 10 the state. How ever, before they carried out this plan. citizens of Polish extraction. under the able leadership of Father Bojnowski and Judge Gaffney. who were incorporators of the bank. de- cided to take over it's management and re-esta blished it in the north western section. Professor Anthony S. Andrulewicz, present editor of the Catholic Leader. was named presi- dent and he held this position from the year 1917 up to 1924. After the change, activities of the concern took a new lease of life and it grew rapidly until today. although not a very large institution, is considered very strong bank. financially. It at present enjoys 5000 depositors. with total assets of over s750.000.
 Its first quarters in the northwest - ern section were in tenement on the north side of Broad street. just west of Gold street. It shared the space with the Polish Loan and h. dustrial corporation. Tn 1924 it was decided the quarters were made quate and the bank rented the store at 121 Broad street, it's present To- cation. With it's business steadily growing. the directors decided to buy or lease building suitable for a modern bank. The matter was taken up with the state banking depart ment, and after receiving permission the purchase of the block was con- summated.
 Present Directors
 The present board of directors consists Of the following: Leo Boi- rowski Judge Gaffney. Adam Grecki. John C. Loomis, Stanley Arszylowicz, Stanley Radziewicz. Mayor Angelo Paonessa, Frank Zim- merman. Walter Godlewski, Joseph Gworek, B, S, Mysliwiec. Paulin Nurczyk, John Zujko and Police Commissioner Leo Tomikowski.
 The present officers are the fol- lowing: Honorary president. Father Boinowski; acting president. Leo Bojnowski; vice presidents, Judge Gaffney Adam GreCki and Jobn C 1.oomis; secretary, Stanley Arszy- low icz, and treasurer. pau1in Nurczyk. MT. Bojnowski has been president since 1924 and previous to being elected to this position was treasurer continually since 1917. Mir. Nurczyk is in his 6th year as treasurer.
 Father BoJnowshi whose work has brought him farna and recoopi