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Show LJ JUl ' u j y l J ""V ' ' I ' ' ' ; ; ' ' ' If I ' ' ; I f s t . - S M I vv -Vj ii 1 1 1 ,r niiiwifniiTi I' . . G. B. Aydelott, D&RGW official, named to First Security board of directors. Directors Named Report Given... First Security Corporation showed net earnings for 1956 of $3,468,243.94, which amounted to $3.01 per share on the corporation's corpora-tion's 1,151,655 shares outstanding, it was reported this week by C. G. White and B. W. Vincent, managers, man-agers, First Security Bank at Sugar House. These figures are after reserve adjustments and after, tax deductions deduc-tions of $3,754,476.00. This compares com-pares with earnings of $3,246,994.-92 $3,246,994.-92 for 1955, at which time 1,067,-770 1,067,-770 shares were outstanding. Messrs. White and Vincent said that a summary of 1956 operations of First Security had been prepared pre-pared by the bank system's office and presented to the corporation's stockholders at the annual meeting meet-ing in Salt Lake City this week, by George S. Eccles, First Security president. The corporation president noted that total resources of the First Security system reached $472,203,-834.20 $472,203,-834.20 as of December 31, 1956. This compares with resources of $442,804,236.02 the same date in 1955. "This is a new year end high in resources in the history of our system of banks," Mr. Eccles said. Total deposits at the end of 1956 were $437,673,683.09. Loans outstanding out-standing totaled $237,595,892.97. Elected a new First Security director di-rector at the annual meeting was Gale B. Aydelott, president of Denver & Rio Grande Western Railroad. Meeting as a director for the first time was Stuart F. Silloway, president of the Pacific Northwest Pipeline Company, who became a director earlier in the month. First Security corporation officers offi-cers re-elected by directors include: in-clude: Marfiner S. Eccles, chairman chair-man of the board; George S. Eccles, president and general (Continued on Page 5) First Security (Continued from Page 1) manager; Marriner A. Browning, vice president; Willard L. Eccles, vice president-secretary-treasurer vice president - secretary - treasurer; treas-urer; Thomas F. Hawkes, vice president and comptroller; Elroy Nelson, vice president and economist; econo-mist; C. Verl Benzley, assistant to president; Grace F. Madson, assistant secretary-assistant treasurer; treas-urer; and P. J. Hermansen, assistant assist-ant comptroller. |