View source for 1930-04-01-sc-p1-reardan-banks-merge-into-onb

'''April 01, 1930 Spokane Daily Chronicle Page 1:'''
<blockquote>
[[file:1930-04-01-sc-p1-reardan-banks-merge-into-onb.jpg|thumb|right|200px]]'''REARDAN BANKS MERGED AS ONE'''
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'''Old National Corporation Organizes New Bank to Handle Business.'''
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The Old National corporation has
organized the First National bank
of Reardan to acquire the business
of the Reardan National and Farmers’
State bank at Reardan. Approval
of the new bank by the
comptroller of the currency at
Washington, D. C., was received
here today and made public by
Albert E, Reid, vice president of the
corporation.

[photo]

B. W. Hughes.

The new First National will have
capital of $50,000, surplus and un-
eee. Profits of $12,500, and deposits
of more than $500,000. It is
the 23d bank in the Old National
system and brings the total resources
of the corporation to nearly $43,000,000,

A new bank building will be
erected this year, Mr. Reid said. In
the meantime, the bank will occupy
the quarters of the Reardan National

Officers of the First national are
R. W. Hughes, president and cashier,
who will move to Reardan from
Medical Lake, where he has been
president of the First National
bank; Peter N. Tramm and C. B.
Carstens, vice presidents; D. A.
Roper and L. B. Beavers, assistant
cashiers. Directors are Mr. Hughes,
Mr. Tramm, Mr. Carstens, John
Stirn and S. A. Weipert, all pioneers
of Reardan.
</blockquote>
[[Category: Newspaper Clipping]]