R. A. Park, the second, who resigned as vice-president in 1911 to engage in business elsewhere, entered the bank in 1881; became cashier in 1892; elected vice-president in 1910, being succeeded as cashier by F. M. Woodford, who entered the bank’s employ in 1900 as bookkeeper.
C. W. Ferguson, formerly cashier of the Exchange National Bank, has recently been elected a vice-president of the Savings Bank, and the present officers and directors are as follows: T. M. Walker, president; Joseph W. Allen, vice-president; C. W. Ferguson, vice-president; F. M. Woodford, cashier; W. T. Fox, assistant cashier.
The German-American State Bank of Atchison was chartered May 15, 1912, and began doing business June 21, 1912. Its original board of directors was composed of Louis W. Voigt, Henry Klostermeier, William Klostermeier, F. A. Manglesdorf, L. A. Libel, G. T. Bolman, and F. A. Manglesdorf. Three months later the charter was amended and Charles Haase and W. A. Dilgert were added to the board of directors. This bank was organized with a capital stock of $50,000, and a surplus account of $10,000. At the first meeting of the board of directors, the following officers were elected: Louis W. Voigt, president; Henry Klostermeier, vice-president; William Klostermeier, vice-president; F. A. Manglesdorf, cashier.
At the time the membership of the board was increased, Guy Elwell was elected assistant cashier. This bank occupies handsome quarters at the southeast corner of Eighth and Commercial streets, and has shown a remarkable growth since its organization. The only change in the board of directors that has been made since its organization was the substitution of E. F. Manglesdorf for his brother, A. F. Manglesdorf. At the close of the first business day of the bank it had deposits aggregating $25,000, and at the end of one year the deposits had increased to $248,000, and at the end of the second year it was $323,000, and at the end of the third year it was $425,000, and in 1915 it boasted of total deposits amounting to $525,000, with a surplus and undivided account of $21,000. This bank has had an able set of officers, and its directors are among the most influential and substantial citizens of the community. It started in by making an aggressive campaign for business, and it accomplished what it went after. The institution is conducted along broad and conservative lines, and renders not only good service to its many patrons, but to the community as well.
German Savings Bank.—This institution was organized in 1873, with the following officers: George Storch, president; Robert Forbriger, vice-president; John Belz, cashier.
The capital stock of the bank was $10,000 and its deposits were about $100,000. It conducted a general banking business, together with a regular savings department in connection therewith. This bank was located at 406 Commercial street, and wound up its affairs in 1886, when it was merged with the United States National Bank and the Dime Savings Bank, both of which failed.
The Atchison National Bank.—This bank was organized April 1, 1873, by John M. Price as president; M. Barratt as cashier. G. D. Harrison succeeded Mr. Price as president, in which capacity he served until 1878, at which time he was succeeded by C. J. Drury, with R. H. Ballentine as vice-president. When this bank commenced business it had a capital of $100,000, but in 1877 it was reduced to $50,000. It was located for many years at 503 Commercial street, afterwards moving to what is now the Simpson building, in the corner occupied by the Barth Clothing Company, where it failed in 19—.
The Atchison State Bank.—This bank was organized prior to 1891, and went into voluntary liquidation March 24, 1898, at which time John M. Cain was president and cashier, and John H. Murray was secretary. It was located on West Main street, near the corner of Thirteenth street.
The Commercial State bank was chartered September 8, 1906, and began business October 31 of the same year, and subsequently merged with the First National Bank March 24, 1910.
The Union Trust Company was chartered February 28, 1907, and was organized by B. P. Waggener, with a paid-up capital stock of $100,000. March 24, 1909, his charter was amended and it became the Exchange State Bank of Atchison, the officers of which are: F. E. Harwi, president, and Edward Iverson, cashier. This bank has a paid-up capital of $50,000, with surplus and undivided profits of $34,776.91, with average deposits of $350,000. It is one of the strong State banking institutions of Kansas, and is doing a prosperous business.