| Show THE BANK The OF EPHRAIM Peoples Bank Gwen McGarry 35 East Center Ephraim Utah 84627 Born of necessity nurtured with integrity faith and intestional fortitude by men of vision and dedication the Bank of Ephraim has becomefinancial cornerstone of the community Sanpete County and the surrounding area According first meeting held ing to of November men were the the 18 in handwritten organizers 1905 in minutes of the private attendance kept bank home of the which was the follow McCafferty Fisher Adolph Hansen Peter Greaves Larsen Olson Edmunds Larsen Willard Pehrson tive Thomas of the Secretary Joseph and National was of the was 100 00 of Nelson Salt charter decided with per share 250 the value of stock Fisher stated and issues necessary Nelson capitol City legal was Incorporation the shares par Mr of that and representa- Lake the explain stockholders draw up the Articles the next meeting 25 000 00 Bank to asked to obtain It Joseph Olson was chosen chairman with The purpose of the meeting was liabilities to at Utah Nelson cedures Fontin to stock to be then be pro- asked presented would be issued at It was also determined that the bank would be chartered asState Bank rather thanNational one Two names were placed in nomination Bank of Ephraim was selected over Ephraim State Bank committee of five was elected to sell subscriptions to the stock 25 down payment full payment by December 1906 directors were chosen holders meeting Fisher Edmunds to would be until the with The following seven serve Olson accepted Joseph Larson McCafferty 125 next Nelson stock Larsen |
