BANKS.

The Bank of Alexis was opened for business October 1, 1877, with a capital of $25,000, to which has since been added a surplus of $25,000. W. S. Weir was the president, with R. M. Stevenson as vice president,"and W. G. Stevenson, cashier. On the death of W. S. Weir in the latter part of 1901, his son, W. B. Weir, became president. The latest statement issued by the bank showed loans and discounts amounting to $115,438.22; cash and cash items, $61,735.65; and deposits, $152,038.48.

 

FARMERS BANK

 

The Farmers' Bank was organized in October, 1890, with a capital stock of $20,000. The stockholders were William Lafferty, Sr., J. Edgar Lafferty, W. L. Lafferty, and Gustavus Bruington. June 6, 1894, the bank was changed into a national bank with the name, The First National Bank of Alexis. The capital stock was $50,000, and the organizers of the new bank were W. C. Tubbs, C. E. Johnson, C. A. Tubbs, Henry Tubbs, C. W. Postlewaite, W. L. Latterly and N. P. Bruington. The present officers are: G. S. Tubbs, president; Charles E. Johnson, vice president; C. A. Tubbs, cashier; W. C. Annegers, assistant cashier. The bank has deposits of $135,000; the loans and discounts are $150,000, and the surplus and undivided profits $15,000

 

Historical Encyclopedia of Illinois

Submitted by W. Caudell

 

 ©Wini Caudell and Contributors

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Illinois Ancestors

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