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Show Banks Growth Surprising In Span of Just 6"2 Years The story of the steady growth experienced by Murray State Bank during its seven years in the community is one which can best be attributed to answering a need". When Murray State first opened its doors, in a building off State located a half-bloStreet on 4800 South, it was the result of a careful study of the areas banking habits and probable future trends. In October of that first year of operation, the bank statement reflected a total assets of only $353,524. Still, this had been a rather sizeable standing growth from a start and was evidence that the area had need of additional banking facilities. Actually, three other banks have subsequently opened in, or adjacent to Murray, proving the founders of Murray State were correct in their analysis. bank The rapidly-growin- g w the small quickly building in which it began and, within less than a year of its founding, moved into facilthen ities adjacent to the new bank's present location. Building Itself on the premise that people want banking to be pleasant and that they desire to be greeted cordially when they come to do business, Murray State continued its growth pattern. the Increase of a given period of time bordered Other upon the spectacular. times it was a definite upward spiral but in more modest proportions. In any event, growth was steady and the bank gradually climbed in total assets, thanks to the patronage of area people who reacted favorably to the prospect of banking in a home - owned, home - staffed institution. Today, Murray State has climbed to $6,300,000 in assets, which of course doesn't make it one of the biggest banks in the state, but classifies it far beyond the ranks ck Needless to say," com- mented Mr. Frank Nelson, Jr., the banks president, we are deeply grateful to the many people who have seen fit to do business with us. We shall continue to strive to give them friendly, accurate and dependable banking service. We feel the new facilities will enable us to operate even more efficiently and we look forward with anticipation to being able to serve even more patrons as time goes on." out-gre- newly-construct- ed MURRAY STATE BANK'S president, Frank A. Nelson, Jr., dictates a latter to his secretary, Mrs. Rudy (Donna) Bilanzich. Holding the reins of a bank which has grown more than $5 12 millions of dollars in the span of six years is no small chore, but Mr. Nelson relies upon his own banking experience and the collective banking knowledge of those associated with him to perform the task. A prime requisite for all MSB staff members is cordiality to the patrons. The bank's officers exemplify this friendliness and if s reflected among all the personnel. Utah State University, Brigham Young University and Washington State University in Pullman, he is married to the former Naomi (Toni) Brown and the father of six children: Marcia, Steven, Jonathan, Teresa, Anita and Camille. Mr. Hulse has held a wide variety of positions in the Church of Jesus Christ of Latter-da- y Saints. They include those of counselor in the Bishopric in both Murray and Cedar City; High Councilman, member of the High Priesthood presidency, MIA superintendent. Stake Sunday School Board member and advisor in the Aaronic Priest- of smaller tutions. Utah banking insti- With over 2,500 checking accounts and more than 2,100 savings accounts, Murray State can honestly say it is a bank which has been built by the patronage of area people. hood. He was also a member of the Branch Presidency in Pullman; is affllitated with Lambda Delta Sigma fraternity and is a former Ro-tarl- EXAMINING THE MASSIVE door on the vault of Murray State's new bank are Kas Stroud (left), the firm's Head Teller and Mrs. Ella Mattson, a teller. Although Mr. Stroud only recently joined the bank, Mrs. Mattson, a long-tim- e Murray r for several years. resident has been a Mr. Hulses firms deal principally with agriculture, so it is understandable his knowledge of that work is invaluable to the directorship of Murray State Bank. An energetic and capable person, he describes his principal interest as that of devotion to service to the people of this great country." That, of course, means the alms of director Hulse parallel those of Murray State Bank which, too. Is devoted to serving the people of our fast -- developing area. Wesley A. Sorensen Sorensen Is staff-membe- Fair Prexy Serves Board Few area people are better-know- n to more Cbunty residents than Is Earl E. Howe, in a successful dairy-farm- er the Murray area and a director of Murray State Bank. and a Born and raised lifelong resident -- - of the South Cottonwood area, he graduated from Granite high school and Utah State University. Mr. Howe is perhaps best known for his long tenure as president of the Salt Lake County Fair. Through his efforts, the fair has grown in stature with each passing year and is today an event to which county people look forward with anticipation. Cafe Owner with his wife, Vivian at 5601 So. 9th East. Their three children are Robert, Carole (Mrs. William K. Evans) and Judith. His knowledge of One member of Murray State Bank's board of directors is not only approved by the bank staff, but even by Duncan Hines. Wesley A. (Brick) Sorensen is the owner -- manager of Salt Lake Citys famous Doll House Restaurant, which is not only approved by noted food entre-paneMr. Hines, but by most other authorities on good eat- agri- culture and related subjects makes Mr. Howe a valuable director on the staff of Murray State, for just as many other directors are skilled in specific fields, he is a man of high integrity and wide knowledge in his particular Equipment Is Hulses Work man of many interests great activity is Dee Hulse, a director of Murray State Bank and lifelong res- A and Robbins Has Long Tenure In Banking bank. Deo Hulie is also a director of the ident of the Murray area. State Association of Fairs and Known in business circles, Murray State Bank has drawn its directors from many a fact which walks of life has contributed to its acceptance by the public, for few fields of endeavor are not familiar to someone who occupies an official position at home-staffd, the local institution. A man who has made a name ter himself in the construction field is director Stuart J. Nelson, a brother of the banks president. For 17 years associated home-owne- with Nelson-Blrtch- IN CHARGE OF Commercial Loam at Murray Slate Bank are Tyler Vincent, executive vice president and Miss Eva Crapo. Both have had a great deal of banking experience in to people of Ihe surthe Murray area and are well-know- ed er Born in Bunkerhlll, 111., he moved to Utah at the age of 14 and was educated in schools of Illinois and Salt Lake. While associated with the First National Bank, Mr. Robbins was Shows; chairman of the Board as the president and general in the front ranks of just about of Trustees of Salt Lake manager of General Service every progressive move in the County Sanitary District; a Co. of Murray, he combines Murray community. However member of the South Cotton- with that the allied posts of his greatest civic contribution wood Lions club, the Ft. Douglas-Hbeing manager of General was undoubtedly as a member idden Valley Country Jobbers and at General Serof the local Lions Club, Club and South Cottonwood second-olde- st vice Finance Co. by time of orward, LDS Church. Educated in Granite and igin in Utah. He has served as Married, Mr. Howe resides Murray high schools and at (See Robbins, Page 4, Col. 8) A native of Lago, Ida., Mr. Sorensen grew up in Logan, Utah and graduated In business from Utah State University (then USAC, which dates this director!) He can get by without the date, though, for most everyone knows hes been at the Doll House for 33 years. Active In the Utah State Restaurant Assn., he is a former vice president. Hes also a member of the Bonneville Knife and Fork Club and of the Salt Lake City Board of Adjustments and Planning. Mr. Sorensen served two terms on the Salt Lake City Board of Education and in the LDS Church has compiled a ar record as aCounselor in the Bishopric in addition to serving three stake missions. Married to the former Donna Durrant, he is the father of three children. His son is now serving an LDS mission in Austria. In Mr. Sorensen, as in its other directors, Murray State has obtained a man who is not only highly competent in his chosen field, but has had broad business experience, which enables him to better understand the problems of the banks patrons. Through the foresight and planning of such men, Murray State has not only been able to meet the financial demands of the community's businesses, but to wisely handle the funds entrusted to its care through more than 2,100 savings patrons and 2,500 checking accounts. n rounding community. University of Utah in 1949. In subsequent years he has expanded his Interests into many fields. He is president and chairman of the board of Murray 1st Thrift A Loan Co., president of the Fairgrounds Speedway; president of Vetter Realty and president of Murray Finance Co. Con- struction, Mr. Nelson has also worked successfully with BAN Leasing and with Nelson Enterprises. He was born in Midvale, grew up In Sandy and was graduated from Jordan High. A lifelong resident of the area, he contributes to the bank's directorship Invaluable knowledge of growth trends and construction expectancy based upon the best teacher of all experience. Mr. Nelson is a former Kiwanlan; spent five years as District Committeeman of the Boy Scouts and the same length of time as a Scoutmaster. He is a member of the LDS Church, is married to the former Lenora Dunster and Is the father of two sons. One is a student at Granite high school, the other is associated with Cottonwood Mall as a hair stylist. 4 A. E. Price Mr. Price, both as an active banking officer and now as a backer', brought to Murray State the accumulated knowledge gained in years of banking work. His guidance has meant much to the growth and development of the bank in its rather brief, but most expansive history. Finance Is Vetters Work Edward Mark Opening Of New Bank registration at the Grand Opening ceremonies between 4 and 9 p.m. next Tuesday. Nothing to buy. No obligation. Just MSBs way of saying Thanks for coming to see us! I. Vetter has long been associated with the financial world as it centers on the Murray area and local Free Gift Awaits waiched for several First 1,000 Visitors people years the growth and develThe first 1,000 people who opment of his Murray Finance come to the Public Preview Co. Although he has since head, of Murray State Bank's new building next Tuesday will be quartered this firm in Salt Lake, Mr. Vetter has kept rewarded with a gift. active in local finance as a Each will receive a personalized key case, complete with member of the Board of Dname and a handy chain for irectors of Murray State Bank. Born and raised in Salt Lake those just cant be lost" was educated in that citys he keys. There'll be refreshments of public school system and punch and cookies for all who earned a Bachelor's degree tour our new building, too! in Banking and Finance at the Prizes Galore Many people will win prizes during the Public Preview of Murray State Banks new building on Tuesday, Oct. 15. of Utah. In addition to a beautiful He finds time to be active grand prize of an RCA Color in the Salt Lake Chamber of Television console model, a Commerce, the Salt Lake runnerup consolation prize Country Club, the University will be a lovely set of matched Club and Beta Theta Pi luggage. Which, in Itself, Isnt fraternity. bad for not having picked off the biggest plum of the day, dont you agree? Murray State will also award some fortunate person a utility hotcake grill which is just the thing for frying eggs, meats, making pancakes, grilling sandwiches or any number of other purposes. Therell be a set of dishes for one of the winners and many other gifts which will be awarded on the basis of First View Is Edward I. Valter Mrs. Vetters name is Anne and with their four children the Vetters reside at 2600 Maywood Dr., Salt Lake City. In Ed Vetter, Murray State has a director who understands finance and is a distinct asset because he does. Tuesday At 4 TUESDAY the new AT 4:00 P.M., MURRAY STATE BANK will be opened to the general public. . .marking the advent of the finest in modern banking service to this area. Every feature of this beautiful, modern building Is planned for the convenience of Its patrons Its distinctively designed, Its atmosphere is warm and welcoming, its banking operation one of high efficiency. The new MURRAY STATE BANK has been created with the idea that every banking visit ing. associated with the First National Bank of Murray for a span of 37 years. During 18 of those years he was president of the institution which, under his guidance, enjoyed its greatest period of growth. Retiring in 1955, he maintained an active Interest in banking and in 1960 became a director of the communitys locally-owne- d and staffed Earl E. Hows Builder One Of Bank Board A. E. (Bert) Price, who was formerly vice president of Murray State Bank and has now retired to a less active status, has spent much of his life In the banking business in Utah. A native of Salt Lake City, where he was born and educated, Mr. Price left college to serve in the military forces during World War I. After the war, he entered the banking profession and became an examiner for the State of Utah under Federal jurisdiction, a post he held over 30 years. It was while in this capacity that he was sent to Manila in 1941 to take over American government funds in Philippine banks which were threatened by impending War in the Far East. There, when the Japanese took over, he was held prisoner until the war concluded. In 1945 he returned to Salt Lake. Since that time he has been active In the Exchange Club of Salt Lake and, subsequent to leaving active work at Murray State Bank, he has become a member of the Tyee club of the Campbell River, B.C. Canadian Wildlife Assn. A member of the LDS Church, he is married to Leone Price and presently resides at 430 So. 12th East in Salt Lake City. ur It would be difficult to review banking in the Murray area without devoting a considerable portion of the narrative to Harry A. Robbins. Now a director of Murray State Bank, he was formerly He Stuart J. Nelson Price Retires From Position should be a pleasure! and Be sure to come In be sure to leave your name, for someone will be given a lovely color TV as a memento of the opening at Murrays newest building, the home-owne- d, friendly BANK! home-staffe- d, MURRAY STATE You ... and Your Family Are Cordially Invited to Attend Our Public Preview on Tuesday, October 15 "NOW HERE'S HOW THE DRIVE-l- n window works, Bill McCleary was tolling Mrs. Glenn (Shirley) Cornwall when Ihe photographer interrupted Ihe lesson. The new bank's drive-i- n window is located on Ihe south side of Ihe building and overlooks a lovely view of Murray City Park and Big Cottonwood creek. Mrs. Cornwall handles a good deal of Ihe drive-i-n work, while Mr. McCleary, who has been in area banking circles lor many years, is in charge of installment loans. from 4 to 9 p.m. y |