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and to make a study of banking procedures. Then in 1955 the bank. That same year the Bank of Ephraim turned 50 years old.(22) In July 1956 President Roger Armstrong succumbed to the ravages of lukemia. He had been with the bank for 36 years. William G. Barton was elected to serve and Cashier.(23) In April 1959 the policy was made to require the bank to remain open on Lincoln's Birthday, Arbor Day, Columbus Day and Veterans Day. However, it would be closed on Saturday.f24' The L & M Trailer plant opened in 1961 and provided much needed employment for Sanpete County residents. When the first recreational vehicle, an 18-foot trailer, rolled off the assembly line the plant owners Harry Mosher and Will Lott proudly towed it to the bank where the officers and employees inspected it with a great deal o£ interest. During the summer of 1962 a major remodeling of and addition to the bank was begun. Business as usual was conducted amid the sawdust and sounds of saws, hammers, and the Dresence of DlumDers* electricians, and carpen~~ Th end result was a beautiful modern facility (25^ By 1964 Credit Life and Small Business Association loans were a part of services offered by the bank. The morning of April 14, 1966, President William G. Barton failed to appear for work at the bank. He had died in his sleep at the age of 90. His services extended more than 54 years as Director, Cashier and President. April 19, 1966 Virgel P. Jacobson became President with his son Rawlin V. Jacobson as Cashier. George Curtis Armstrong was later elected Vice President. 133 |
