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About Banks and Bankers
S. H. Gaines, U. G. Coe and C. W. Burton have purchased the bank at Lucien, Okla., and have taken charge.
G. C. Wheler, President, Oklahoma National Bank, Clinton, Okla., was chosen as Chairman of the Democratic County Central Committee of Custer County.
H. C. Peters was added to the Board of Directors of the First National Bank, Kaw City, Okla., at their January meeting. Other members are John Hoefer, A. J. Hoeter and L. M. Cline.
John B. Old, former sports editor of the Tulsa World and Oklahoma City Times, has been named director of public relations for the First National Bank and Trust Company of Tulsa.
J.S. Bearden and C. T. Huddleston have been added to the Board of Directors of the First National Bank, Okemah. Okla. Both men have extensive holdings of land and property in and near Okemah and bring added financial strength to the First National. Officers are C.C. Walker, President: J. S. Bearden, Vice President: H. R. Jordan, Cashier, and Ed Clowers, Assistant Cashier. Mr. Walker is in active charge of the bank
C. W. Smelser, pioneer banker of Cooperton, Okla., died at his home, January 31, after an illness of several weeks. Mr. Smelser came to Cooperton during the early days, organizing the bank with which he has been connected continuously since that time. He is survived by his widow, a son, Carl, and a daughter, Mrs. Irene Straw of Hobart, Okla.
C. A. Cooley, Cashier of the National Bank of Kaw City, Okla., announced to the student body of the local schools, that the banks of Kaw City would offer prizes to the most useful students in high school That is, the student in the most ac. tivities and making the highest grade during the last semester. General deportment and example to other students will be taken into consideration. Two prizes are offered, one to a boy and one to a girl.
H. E. Green, Cashier of the First State Bank, Blanchard, Okla., has purchased a farm level and is offering it free to the farmers of that community for terracing work. McClain County is putting over one of the biggest terracing programs of any county in the State, and some twenty-five or thirty levels are now in use in that county.
George B. Everett, President, Montgomery Ward and Company, and William F. Hayes, of W.F. Hayes & Co., were elected Directors of the Continental National Bank and Trust Company of Chicago at the annual meeting of stockholders in January. Arthur H. Evans was elected a Second Vice President of the bank with duties in the trust department. Mr. Evans was employed by the American International Corporation from 1917 to 1924, and during the period of 1924-1927 was trade commisisoner of the United States Department of Commerce, doing financial work abroad. Present directors and officers were re-elected. A real estate mortgage company, with capital stock of $1,000,000 has been organized. It will be known as the "Continental National Mortgage Company." Arthur Reynolds, President of the bank, will be President of the new company and Floyd C. Hassler will be Manager. This company will make real estate loans, buy and sell mortgages and market real estate mortgage bonds.
Mrs. W.H. Collins is Assistant Cashier of the First National Bank, Hydro, Okla., taking the place of Aaron Warkentin, resigned.
A. M. Blythe is the new Cashier of the Farmers State Bank, Tipton, Okla., taking the place of A. R. Carlile, resigned. Mr. Blythe is from Kaufman, Texas.
A Twenty-Five Year extension to the charter of the Bank of Cooperton, Okla., issued in 1903, was granted by the Banking Board at their meeting February 7.
P. A. Norris, President, First National Bank, Ada, Okla., was elected President of the First National Bank, Madill, Okla., at the meeting of the Board in January, Mr. Norris succeeds Mr. D. B. Taliaferro, who died in November.
Roscoe Adams and B. F. Barnett have been elected Cashier and Assistant Vice President, respectively, of the First National Bank, Tulsa. Mr. Adams has been with the bank since 1911 and Mr. Barnett since 1918, both working their way up through the ranks.
Roy A. Cooper, national bank receiver, reports that 40 per cent has been paid depositors of the Hugo National Bank: 43 per cent to depositors of the City National Bank, Hugo, and 20 per cent to depositors of the First National Bank, Boswell, Okla. Total amount of dividends is $442,651.91.
