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Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Jul 16, 1938
Page
5
Letter to editors argues a new national bank in Denton would be a solid use of idle capital. Cites Denton National Bank stock at 1.85 dollars and 8 percent dividend to urge business men in Caroline county to back a sound bank venture for public business relief.
Denton eyes a second national bank after Denton National Bank officers changed in January. Promoters report $39,000 in subscriptions and pledges from Baltimore and elsewhere to reach the required capital. A Talbot capitalist backs the venture, with plans to sell most stock to Caroline citizens to secure local patronage.
Residents of Greensboro discuss plans for a brick banking house adjoining the Brick Hotel with a slate roof and large vault. Joseph H. Bernard and others expect the bank to open by year end, with Thomas L. Day rumored as president and subscription books to open at Deweese & Owens next Tuesday.
Denton second national bank subscription books opened Tuesday with about twenty five thousand dollars in stock taken. Investors from nearly all parts of the county contributed, and additional thousands are expected. Jos eph H Bernard chairs the preliminary organization with William H Deweese as secretary. The organizing committee includes J H Bernard H T Nuttle T L Day F P Covey Paul Holsinger and Fred R Owens and will meet next Tuesday to pursue steps toward establishing the bank likely to be named Farmers and Fruit Growers National Bank.
Denton Journal reports on securing temporary quarters for the bank during construction and notes that fifty percent of the new bank’s stock will be paid on or before the 20th of the month.
The stockholders elected directors: Robert Jarrell Joseph H Bernard Thomas L Day Paul Hol singer Fred R Owens Frank 4 Porter Henry T Nuttle Willard C Todd J Frank Ledman Albert W Sisk and Frank P Covey. A May directors meeting will choose officers and commence opening in temporary quarters before the bank building is ready. It is likely Joseph H Bernard becomes president and F R Owens vice president.
Directors of the People's National Bank held a meeting in the court to discuss governance and election of a president. The session focused on leadership selection and related organizational matters.
On Tuesday last the house elected Joseph H Bernard as president Frederick R Owens as vice president and George L Wallace of Baltimore as cashier Wallace is the son in law of Senator R M Messick and has banking experience It is likely a teller or bookkeeper will be chosen at the next meeting with several applicants for the position.
Opened for business on Tuesday morning. First deposit by President Bernard. Next customer James T. Sylvester presented the first check. Cashiel Wilcox of Equitable Bank Baltimore gave instructions to cashier Wallace, Teller Sparklin, and other officers. Denton Journal. June 18, 1898.
The annual meeting of the stock holders of Peoples National Bank of Denton Maryland will be held at the bank building in Denton on Tuesday January 19 1905 between 1 and 2 PM. Continued on Page 11.
Compliments from William Bullock senior member of Bullock and White. A Caroline county native near Concord moved to Denton over thirty years ago, opened a general store in the Carter Block on Market street, and expanded into 5 and 10 cent goods and wholesale candy and groceries. Acknowledgments extend to The Peoples Bank officers and directors and to thousands of patrons aiding growth. If a new or used car is needed, it will pay to see us. Services range from a burnt out fuse to complete wreck.
The Comptroller of the Currency authorizes Fred R Owens Joseph H Bernard James D Neal H T Nuttle J W Kerr and Thomas L Day to organize The Peoples National Bank of Denton with capital of 50000 A meeting will likely be held in a few days to discuss formation and powers and location
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