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MAKES DEPOSIT—J. Jones, renter, oldest stockholder in the Ardmore Bank, is shown here making a deposit Thursday as Cash* ier James Stammer, left, and president Fhoran Jones look on. Mrs. Buford Hill accepts the deposit. (Photo by Homer Boggs).Ardmore Bank Noles Anniversary Years With CelebrationThe Bank of Ardmore cole* {brated its 38th anniversary Thursday in a celebration and open house held at the bank. Coffee, cookies, and cake wereserved to all visitors who came in on business or to examine acollection of coin banks on display in the bank.The Bank of Ardmore, inspite of two bold holdups and one attempted robbery, has come a long way in its 38 years of ex-istance.On February 2, 1918, the hank opened its doors with Alex Austin as the first president. Mr.Austin died in 1934 and was succeeded by Tom Pete, who died in 1951 Thoran Jones succeeded Mr. and is presently the bank'spresident.On that first day ttie deposits were $23,002.46. On February 2, 1956, 38 years later, the deposits totaled $1,330,252.74. Capital stock at the opening was $15,000. October 5, 1951, the stock was increased to $25,000. There were 97 stockholders, only 12 of whom still are living.J. I. Brown was elected cashier at the opening and he servedcontinuously until his death inNovember, 1951. He was succeeded by James Stammer, present cashier.The late Tom Garrett was the first depositor. Oldest living depositor, who was the second de-positor in February. 1918. isMabron Lewter.The bank, which has four regular employees and two part-time workers, was robbed in 1930 as theives made off with $1700 Again in 1950. thieves made otf with a similar amount. The bandits were arrested and convicted both times and all but a little of the money was returned to the bank.An attempt was made to rob the bank again at another time,but an explosion failed to blow the combination off the vault to such an extent as to allow’ the would-be robbers to enter the vault. Date of this attempt was not remembered by bank officials.Bank officials expressed their sincere appreciation to the peo pie of Ardmore for making their bank’s progress notable.‘‘We’ve come a long way, one official noted, ‘‘and we're going to go further.
Newspaper Details
Athens Alabama Courier
Athens, Alabama, US
Thu, Feb 09, 1956
Page 1
Full Page
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USA 15 Mar 2019
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