First National Bank Declares 50 Cent Dividend
The Board of Directors of the First National Bank of Monahans declared a mid-year dividend of 50 cents per share at its regular meeting. Dividend payments will be made to 80 stockholders on June 39. The board approved a half month salary bonus for employees with six months tenure. June 1 statements show deposits above 8 million dollars and loans over 4 million. Board members listed: J. F. Frost chairman, Paul T. Carr, J. L. Pinkerton, Glenn L. Ratliff, Bluford Thornton, Joe E. Vandiver, with Charles Switzer as president.