| Show March of 1982 Edgar Anderson retired as Executive Vice President secretary but retained his appointment of the board Gerald Naylor as director and was appointed Executive Vice Rasmuson the woman first President to hold Ruth the Madsen position of Vice She has worked for the bank 42 years with time off to have two babies Cashier Roy good economic even plagued cutting came in water drouth snows March and slid prices 1991 of of the 1980 unusually and the the generally was wet conditions valley temporarily transportation late 1980 agricultural President were of the decade into supplies years market In part mountains off the the first heavy of the of though with Portions conditions President only enough McKay Andersen retired in 1989 and died in 1990 30 The became Curtis and Then the slump products Armstrong died after serving 35 years on the board of directors 13 of these years as president Donald Barton was elected President with Gerald Naylor Executive Vice President Calvin Allred inactive Vice President Ruth Rasmuson Vice President Clive Randy McArthur Cashier Kenneth Young Assistant Vice Presidents 31 The Bank of Ephraim The Pcoples Bank Palmer and has cndurcd to become one of the only two remaining independent banks left in Sanpete County Despite the hundreds of state and federal tinues to regulations serve the imposed people and the Statement of Condition assets have grown from the stock above on to the business grow it According conto published December 31 1991 original 25 000 00 capital to more than 22 million dollars and beyond the wildest dreams of an amount far the founding fathers Bank officers have represented the area by serving as committee President Legislative members Rawlin and of the Utah Bankers Jacobson was member Executive Naylor Committees President Gerald has served Directors and the Legislative 135 and on the Committee Association of both Executive Board the Vice of He presently |
