Show BANK CONTROL CHANGES HANDS Half Million Is Consideration Consideration Con Con- in Local I Deal For a consideration consideration said ald to be In excess of half a million dollars the Bank controlling o of the I interest Republic in nh has the been enN National sold n by Mrs Frank Knox and her sons De DeWitt Witt Knox vIce president and George Geor C. C Knox assistant cashler The p pur- pur purchaser I chaser are David Smith Albert Sm Smith and nd M. M A A. Smith f Salt Lake lorn former stockmen of Heber City and EI E E. A. A I Culbertson Culberton president of the bank for four years The Th onlY Irr Immediate effect of th thid the transfer according to David Davd id Smith wIll nil be a change in the directorate without any deviation from the present pres- pres ent nt liberal and progressive policy i of the institution itself telf As A. the sale ale takes take effect on October 20 the place ilace tion 1 of immediately the c board of thereafter directors will take I David Smith has been a director directo since 1916 and ha a stockholder ck for man many I years In the institution which was I Ide founded de by the late Frank Knox o n in 1891 1991 President r d g. g Culbertson be h has been e I connected c with t the e bank for eighteen years having risen ls t through the h various f I departments department to the presidency m in January Jan Jan- uary IT 1916 Under able abl management the bank has come to be recognized I as one of the sound financial m institutions of ot the intermountain country The Th Knox brothers will devote themselves to other business interests Interest |