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HATCHER WILKES IS ASSISTANT CASHIER OF MERCANTILE BANK HON. J. L. HUTTON NAMES HIM FOR IMPORTANT POST IN MEMPHIS INSTITUTION. SON OF MR. AND MRS. R. A. WILKES Culleoka Boy Selected on Account of His Conspicuous Ability as a Banker-Assisted Mr. Hutton in Receivership of Defunct Bank. Hatcher Wilkes, formerly of this county, and a son of Mr. and Mrs. Richard A. Wilkes, of Culleoka, will be one of the assistant cashiers of the new Mercantile National Bank of Memphis. This was the announcement that was made by Hon. J. L. Hutton, who was in the city for a short time Saturday afternoon. As is well known, Mr. Hutton will be president of the new bank. The capital stock will be $500,000, with a surplus of about $200,000. The stock was subscribed by more than $200,000, according to Mr. Hutton. The bank which will open its doors for business a week from today, will start with deposits of more than $1,000,000. It will take over the assets of the old Mercantile Bank, and will in addition take in the Mississippi Valley Bank and its deposits. The promotion of Mr. Wilkes to the responsible post of assistant cashier of such a large bank, is a signal tribute to his banking ability. As soon as the old Mercantile Bank failed some months ago, and Mr. Hutton, as state bank examiner, took charge of it, he at once secured the services of Mr. Wilkes as his assistant in winding up its affairs. Amidst the most trying circumstances, he proved himself to be a most capable official. When placed upon the stand in court as an expert witness for the receiver, he made such a fine impression and showed such intimate and exact knowledge of the bank's affairs that the case of those, who were opposing the plans of Mr. Hutton for the bank's rehabilitation, fell flat and the court approved Mr. Hutton's plan of settlement. Mr. Wilkes was born and reared at Culleoka. He has been in the banking business at Memphis for about two and a half years as note teller of the Manhattan Bank & Trust Co. With it he made a reputation as one of the fastest bank men of the city, and when the Mercantile failed he was at once drafted into the service of the state by Mr. Hutton over the protest of the Manhattan Bank officials. He is still a very young man, being about only years of abroad, ry have The banking, of a it of position wider and than age. both but he. knowledge of He few in has assistant this men made country of in twenty-five the the a cashier study state theo- and carries with it a handsome It salary. is certainly a very handsome position for a man of his age. It is certainly very gratifying, not only to his family, but to his friends in this county that he has been chosen for this very responsible post. It is but an earnest of the heights to which he will rise in the financial circles of Memphis and the state.
