| Show In in the October bank 1911 Each running tenant water was to taps pay were for installed their own tap In the for the early part of 1912group of men organized purpose of establishing another bank in Ephraim It was to be called the Farmers Commercial Bank Seeing no need forsecond bank in Ephraim the directors of the Bank of with 500 stock Ephraim devised from the original shares They also According of agreed to the plan to sum of stock increase the Capitol 25 000 00 to 50 000 00 being issued at 100 00 per share to the election of nine directors records and minutes of director meetings this was finally accomplished whenspecial stockholders meeting in July 1912 was called and the proposal to consolidate with the Farmers Commercial Bank by selling subscriptions raising the the for Capitol Articles authorities Andrew 250 of additional to 50 000 Incorporation completed Christensen the were shares was and stock passed and Amendments notification process elected of William to as additional to State Barton and directors Ben Rasmusson was hired as assistant Cashier During 1913 savings accounts and deposits of South Sanpete School Board City County and State governments Correspondent accounts were established were solicited with Utah were Com regular and farmers and doing cattlemen imposing regulations Loans to sheep men mission began examinations Banking State The Bank National State in demand In January 1914 Andrew Bjerregaard was elected President with Willardsen as Vice President and Fred Rasmuson as Cashier Loans were made to the Ephraim Sanitary the noon Canning cannery on to and to pea In 1916 it was decided Saturday from May to Very 1917 Company little 1918 Also the bank of remodeling reference except was the that painted banking 26 is the farmers to close September made bank to supported the bank at 10 World purchased inside and out room was held 129 who War during Liberty Bonds anddiscussion In April of |
