Show STATE BAKS MOYE Zions Savings Bank Retires From the Commercial Business CHANGES IN THE TWO BANKS The State Bank Withdraws From the Saving BusInessThe Banks to Work In Harmony Another Big Realty Deal Tomorrow morning the State bank of Utah will open out in its new and enlarged quarters in tho Zions Savings bank corner of Main and South Temple streets The I State bank will occupy the north half of i the banking room and tho Zions Savings I I bank the south half as formerly At first i thought it might be imagined there would i be a conflict of interests in having two banking institutions in the same building but when it is explained that the State bank will retire from the savings business and the Zions bank will retire from the i I commercial business the method in the I move is more readily apparent It is understood un-derstood the two banks will work in bar i mony with each other although there is I no attempt at a consolidation each company I com-pany being entirely separate and operating under a distinct and separate charter Tho I State Bank of Utah has to be grown a very 1 popular institution as is attested by the fact that it is now compelled after a business busi-ness run of less than two years to seek larSer quarters for the transaction of its business Conservative management cour I teous treatment of its customers and generous gen-erous advertising have been tho factors in accomplishing this result Below is given a list of the names of its directors and officers and a statement of its condition at the close of business January Janu-ary 5th after just twenty months run Heber J Grant president Win B Preston vicepresident Heber M Wells cashier DirectorsJoseph F Smith Wm H Rowe Spencer Clawson ChasS Burton Bur-ton Elias Morris E M Weiler A H Cannon N W Clayton P T Farnsworth Farns-worth F Y Taylor Henry A Woolley STATEMENT OF CONDITION OP TIlt STATE BANK OF UTAH Jan 5 lEt One year eight months old Resources Loans and discounts fCi39i81 94 Overdrafts secured and unsecured 52S3 5 81 Due from other banks 70203 77 Heal estate and banking fixtures 03 C42 83 Cash tOCTi 09 Total m 1912298 C9 Liabil lies Capital stock paid In 500XO 00 Surplus u J5000 00 Undivided nronts j i711 ti I Dividends unpaid 7034 601 m gi g Bills redifccouutetl i 50700 001 Cashiers checks outstanding 1250 IIU i Deposits 31ly2 11 I Total 591298 09 I |