Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1961-02-09

SllCDICI cummings "ClC pdIllU-
ed on the outside and the in
terror Of the Chester building
was painted. Several other
maintenance chores have al
SO improved the appearance
of the property. We are proud
of our buildings and endeavor
to maintain them as a credit
to the bank and their reSpec-
tive communities. Our hous-
ing problems at Bainbridge
have not been solved, but we
believe that we are getting
much closer to a satisfactory
solution.
"a new identification sign
was erected at Chester which
is visible to all traffic ap-
preaching t h e office from
both the east and west on
Mayfield Road. This sign car
ries the new bank signature
and continues the emphasis
of our bank as the FIRST
National Bank. In our effort
to gain maximum acceptance
for every bank service, the
new emblem of the Founda-
ton for Commercial Banks is
being used in all our adverti-
sing. The emblem appears on
the cover of this report.
"There has been somewhat
more turnover in staff during
1860 than in the previous
year. Fortunately most of
this has been among the new
er members and, also FORUM
ately, the replacements have
been of excellent quality.
"There have been no chan
ges on the Board of Directors
during the year. Attendance
has been excellent, as usual,
and meetings have continued
to be most productive. Con-
tinual work is being done on
reports to the Board, to keep
them fully informed on the
condition of the bank. This
information, in turn, has en-
abled the Board to be more
effective in it's chief function
of policy formulation.
eve mention with part
icular pride that Chairman Of
the Board B. J. Shanower
served as General Chairman
Of h e successful Geauga
Community Hospital Building
Fund Campaign last fall; that
Vice-president and Cashier
w. T. Clark has been Chair
man Of the Geauga County
Planning Commission during
the past year: that Assistant
Vice-preSident E. w. Boil
niger played a KEY role in the
passage Of the Burton-Troy
school district operating levy
in November; that Compt-
roller F.. M. Lindblade COM
pleted his second year at the
NABAC Graduate school at
the University of wisconsin
last summer and expects to
graduate this coming sum-
mer; that a t least seven
members of the staff are TAX
ing banking courses in Cleve-
land again this year. Such a
list can mention only high
points and does not take into
consideration the many pub
lie and professional offices
held by our directors, officers
and staff. The complete list
would be truly formidable
and be additional proof of our
complete willingness to serve
our communities in all pOSs-
ible ways.
Looking backward Is a
profitable practice, if not car
ried to excess. We take a look
back from time to time, not
so much to glory in where we
have been, as to get a little
perspective on where we may
be going. In ten years our
total assets have increased
! from just over four million
dollars to eleven and one
= third million. Operating in
come in 1851 was $40, $3.50, OF
! 3.5 per cent of total assets
Operating income for 1860
was As per cent of total as
sets. or $530,13 Ten years
ago capital funds totallec
!; 1913 .305 and today fall JUS
! short Of one million dollars
These comparisons are ShoWr
) in detail on accompanying
J charts and manv othNr iten'
of growth are available fo
comparison. We think it is al
1 amazing record, a matter o
= pride that it has happened tt
, us, a matter Of thankfulneS
t that we were physically 10
I Gated and mentally receptiv
: for our opportunities, and
matter of humility that w
have had the strength ant
G courage at least to kee'
o abreast of t h e situation
= Growth brings problems; tn
n old problems grow in magni
h tude and new problems cor
4 stantlv arise. Meeting and &C
n ping with these dilemmas j
r the challenge that proves tn
o. vitality of an organizatio
Or such as ours.