Contents

The Peoples Bank

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Title Saga of the Sanpitch Vol 24
Subject Pioneers
Description Stories and poems about early Southern Utah Pioneers
Publisher Snow College
Date 1992
Type Text
Format image/jpeg
Language eng
Rights Management Snow College
Holding Institution Snow College
ARK ark:/87278/s64x55x4
Setname snowc_sts
Date Created 2005-03-01
Date Modified 2005-03-01
ID 325222
Reference URL https://collections.lib.utah.edu/ark:/87278/s64x55x4

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Title The Peoples Bank
Description ¦[tie (lirtTtoi-s net immediately after the initial I'k-.r.afteiLy as Vice President. At a Board of Directors meeting held on November 27, 1905, C. J. Fisher was Directors to replace him. Mr. Fisher would "run the bank." lar basis and report on the- condition of the bank at each Board of Directors meeting. approved and the Executive Committee was instructed to file it with Sanpete County and the State of Utah. purchase a safe, necessary fixtures and stationery for the bank not to exceed a cost of 51000.00.CD The year l<)0!> must have been a good one economically. According to the records of Sanpete County the Articles of Incorpo- Decembcr 13, 1905 just five days before the Bank of Ephraim, which was December 18, 1905. Just one month after the initial organization meeting the Bank of Ephraim was officially registered by Sanpete County and a Utah State Charter was granted on December 30, 1905. (The founders of the Utah Independent Bank of Salina worked aImost IS months to cut throutjh al 1 of the red Charter in 1977.) 7, 1906. No mention is made of the actual date that the bank would open for business or where the exact location would be. From these minutes one must assume that the was interest rates to be charged on loans. Sates varied from h% on $25.00 up to $500.00 up to 8% on $1000.00 to 6% over 52000.00. However, the Executive Committee was discretion.(2) (\'o staLe or federal regulations to be 12&
Format image/jpeg
Identifier 140_The Peoples Bank.jpg
Source Saga of the Sanpitch Vol 24
Setname snowc_sts
Date Created 2005-02-19
Date Modified 2005-02-19
ID 325179
Reference URL https://collections.lib.utah.edu/ark:/87278/s64x55x4/325179