State Exchange Bank Continues Amazing Growth - 1960  

The State Exchange Bank Continues Amazing Growth; All-Time records Set Resources Now Almost $31 1/2 Million!

The remarkable but not surprising year-end statements of The State Exchange Bank of Culver and Argos and the Farmers State Bank of LaPaz are published in this issue of The Citizen.

On comparing them with statements published a year ago, our readers will discover that the total combined resources of these affiliated banks have increased $765,000 making the total resources as of the end of the year over $31,480,000, which is an all-time high.

Highly Pleased With Res ults

The officers and directors of these three great banks are highly pleased with the res ults attained during the year 1959.

W. O. Osborn, president of the three Culver -managed Marshall County banks, reported that deposits in many banks had declined during the past year but that he was proud and happy to announce that the deposits of these three banks had slightly increased during the past year, which he felt was largely due to the services which these banks were rendering to the public and the fact that they had paid the highest rate of interest on deposits permitted by law.

lServe Enlarged Territory

President Osborn also stated that the territory served by them had been enlarged and extended to areas the banks had never served before.

Banner Year For Affiliated Finance Company

Also Hampton Boswell, also of Culver , an officer and director of these banks, and also the manager I of State Exchange Finance Company, reports that 1959 was a banner year for the Finance Company in every department, and that the business of this company, which is owned by the same stockholders who own the stock of the three banks, is now larger than a great many country banks.

Appreciate Public's Confidence

The officers, directors, and employees deeply appreciate the confidence and the business with which so many people have favored them

THE Culver CITIZEN PAGE 1 WEDNESDAY, JANUARY 6, 1960