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HALF OF ROUNDED OUT BY DEPOSIT BANK (Continued McCreight. few years after the First National Bank established, Mr. Boyard offered to sell out his bankbusiness the First National After some deal agreed upon and the stockholders of the First National Bank pro-rated themselves the purchase of Deposit bank. Mr. being one thousand dollars goodwill. Weber made president of the Deposit bank and cashier The Deposit Bank. up to this time, was doing business in small wooden building built by Squire Taylor on his own property Rdjoining the old National Hotel propwhich Penney Store now stands. On the fourth of June 1888. the Deposit Bank rented room in one-story brick building by (where the Reitz Hotel now cated). Fourteen days later this building. along with the entire town from Main Street to the old Hines Opera House (the site of which occupied by the Logan wiped by the great fire. In Opera House such business men as had sufficient sources resume active business the fire, were housed. This cluded DuBois Deposit Bank, which occupied the Licket booth, about eight by Len in on the south side of the the National Bank in similar booth the north side of the trance. the Hibner Hollister the Corbett Dry Goods Store. and several others the main auditorium and stage. The Deposit Bank purchased some additional ground on the original and erected the two-story brick building which adjoins the Store on the north, continuing business there until the latter of 1892. when the large lot the present bank corner was chased and the building crected thereon. In 1889 the First National Bank into voluntary liquidation and the same group of stockholders oranized private bank the of the Bank with Long as President and M. Wise. Cashier. Immediately followthis, was deemed unwise to continue joint ownership, and an amicable division effected. In agreement, Mr. Weber rcmained with the Bank of DuBois. and H. Moore was elected Presiof the Deposit Bank. The first Board of Directors following this H. Moore, McCreight, North, Clark, Joseph Morrison and W. Pentz. At this was decided to increase the capital stock by selling additional shares and the stock eventually increased to the Board being increased by adding North and Calhoun. In the capital again increased to $75.000 and State procured. The Bank remained in its present the business increased rapidly that in 1895 National charter was procured in the name The Deposit National Bank and the capital increased to tional ground was purchased In and the Bank Building remodcled and enlarged. the addition being the DuBois Public brary. 1919 to meet the needs the continually expanding business, the capital once more $200,000, which with the present surplus of $200,000 and undivided profits of $140,000 gives active working capital of over million dollars, with resources of more than three and half million On March the Bank DuBois suspended business and for almost five years the Deposit Bank only banking institution DuBois. The Union Banking Trust Company established the National Bank 1904. Reprinted below is copy financial statement of the Deposit National Bank the close of December 13, 1895. the closing the Bank of DuBois. This statement reflects the entire banking capital and sources of this community at that time: Report of the condition of the posit National Bank DuBois DuBois, in the State of Pennsylvania the close of business. Dec 13. RESOURCES Loans and discounts Overdrafts secured and unsecured 213.03 Bonds S secure circulation 23,000.00 Premiums on Bonds 5,656.25 Stocks, securities. etc. 7,500.00 furniture and fixtures Due from National Banks (not Reserve Agents) 139.13 Due from State Banks and bankers 3,155.92 Due from approved reserve agents Notes of other National Banks Fractional paper currency nickels, and cents LAWFUL MONEY RESERVE IN VIZ Specie tender 11,500 40,719.66 15,700.00 stock paid in Undivided profits. less penses and taxes paid Bank notes out- standing Due to other Banks Individual deposits subject to check Demand posit Time certificates posit Total SS County McCreight Cashier bank. solemnly swear that above statement true the and belief Cashier Subscribed and before 23d day of Notary Pubhr Attest: When this contrasted banking resources of DuBois present aggregating close to ten million lars, It shows financial progress the past years which almost incredible, when reculled that this has been natural. consistent and healthy wholly the Initiative and ability of DuBois business men an dthe industry and thrift her citizens The Deposit Bank has always been peculiarly community institution. and has been closely identified the development and progress of the liberal contributor and loyal supporter every worthy local industry enterprise success could not have been attained solely by the efforts of management. but must attributed its wide circle friends and who have been its porters through the years 115 crs and record books contain the names of practically every business and professional man known in the in commercial and social activities DuBois from its village days up the 1900. and its present clienyear tele one of which institution might well feel proud. The ment. composed of the following fleers: Groves. President: 13. McCreight. Newnicyer. Cashier: Lowe and Osburn. Assistant Cashiers, deeply appreciative continuand loyal support has ceived from the community.