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Elgin Echo in Elgin, Iowa

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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

Elgin Echo

Location

Elgin, Iowa, United States of America

Date

Oct 29, 1953

Page

2

Farmers Savings Bank Observes 40th Anniversary

The Farmers Savings Bank marks its 40th anniversary with charter issued July 5, 1913 by State Auditor Bleakly. A Ericksen, now vice president, has served the bank since opening day November 4, 1913, later becoming cashier before E W Higemann succeeded him in 1950. Ericksen remained vice president through today, a familiar figure in Lowe’s banking circles and Fayette County Bankers Association.

A. Ericksen Farmers Bevinge Bank Clermont Iowe Ciernam Brick & Send Co Jts Gret W. Higemann Erickson Bank Sai Mer. Erickson Lowe's Northeast Lowe Group Fayette County Bankers’ Association Wier

Peterson Longtime Bank Director Dies After Forty-Year Run

Ole C. Peterson of Clermont, a founder and longtime director of the Farmers Savings Bank, served on the board from the bank’s 1818 incorporation until his resignation in February 1853 due to ill health. He led decades of service as a board member, with L H. Bhershang of Rochester remaining as the sole other original incorporator still living.

Ole C. Peterson Clermont Farmers Bavings Bank Nea Oe Ibank Wgngemann Stovknwiders Peterson L H. Bhershang Rochester

Special Services Helpful in Emergency

Special services of the Farmers Bevings Back in forwarding money may prove helpful in emergency. The bank can forward money for you and Telegraphy delivers. The Western Asia Money Orders Service enables sending money anywhere in the United States within hours if telegraphic service is available. Our connection with Continental Illinois Bank Chicago guarantees fastest, safest route for forwarding money.

United States Foreign Exchange Department Ilinois National Bank and Trust Co Chicago

One of First Banks To Insure with FDIC

A bank joined the program insuring each account up to ten thousand dollars under the FDIC coverage. The move places the institution among early adopters of federal deposit insurance and aims to protect customers against bank failures.

FDIC

Interior remodeled at Farmers Savings Bank Clermont Iowa

In June and July 1953 the Farmers Savings Bank of Clermont Iowa unveiled a remodeling. The project rebuilt fixtures lowered the ceiling added acoustical board lighting and new cork and lingleum flooring. Gage and Wolfers of New Hampton did the fixtures and Clermont Brick and Sand Co. supplied and installed the lighting.

Farmers Savings Bank Clermont Iowa Gage and Wolfers New Hampton Land Clermont Brick and Sand Co

Financial statement excerpt from Fayette county bank

The document shows capital accounts including undivided profits totaling 476 775.07 and 608 608 768 in total capital, with a cashier named E W Hilgemann. The oath is sworn before Notary Public L H Meter on October 3, 1953, noting a commission expiry in 10684.

Hilgemann E. W. Hilgemann State OF Iowa Fayette L. H. Meter

Miller family leads Farmers Savings Bank in Elgin

Geserehaak Kari Miller becomes the third generation and fourth family member to serve as president of Farmers Savings Bank. He was elected in February 1952 and has held the post since. His grandfather Christian Miller, father John F. Miller, and aunt Louise Miller previously held the role. He also serves as treasurer of Farmers Mutual Insurance, VP of Elgin Canning Company, and is active in the Elgin Baptist church.

Kari Miller Jam Dy Farmers Savings Bank Christian Miller John F.miller Louise Miller Farmers Mutual Insurance Company Elgin Canning

Local names listed in 1913 fragment raise questions

Partial OCR reads July 5 1913 with mentions of Christian Miller Ole Brides Olson and John F Miller, but missing context. The readable items suggest names involved in a 1913 event or notice, yet the action, place, and full details are absent.

Christian Miller Ole Brides I Olson John F. Miller

Available repayment of which by their

The line asks about which party or entity has available repayment by their possession or obligation, noting continuation to Page 5 for further details.

Also Mentioned on This Page

J. A. Erickson The Smith-Hughes Agricultural Dept Clermont-Elgin High School Future Farmers OF America the National Organization of the Clermont, Iowa Farmers Bank Fayette County Gee Inc Total Capital Accounts Jac Erickson HW. A Lubke K. B, Thoma Karl Miller Elgin Baptist Church Cashier L. H. Meier Phyllis Skeen
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