Show OVER MILLION IN DEPOSITS Security State Bank Adds Quarter Million in 12 Month Period Growth of nearly nearly a quarter qua mil mu- mil mil- million million lion dollars resources during the past vear car was the record of ot the Security Stale State bank banle shown b by Ita la statements of ot December 29 1922 and of ot December 31 37 1923 1123 It its recent report sent to the Utah state stats bank banle examiner this second bank second In Ogden Ogden- Ogden showed resources of 01 compared with 1244 1144 the pre pre- pre previous t lous loue S ear The fhe depo deposits of the bank banle showed a splendid gain growing from tram to In the leas leac uco The statement of ot December 31 1923 toll follows OWl Loans and discounts 92 Bonds Bond stocks etc Furniture and fixtures si l a Real estate otate Cash and due from banks 20 Total 66 LIABILITIES Capital stock 00 Surplus and nd undivided profits 66 6 Deposits Bills payable and rediscount None Total r r This bank bant occupies the tbt largest corner corne banking room In the Ir Fred d dJ J building Its Ita constant growth glowth having hav 11 Ing mAde the tho expansion of Its lt quarters dur dur- durIn during In ing 1922 1932 A basement room and andI vault tault ault provide for tor the th safety de d posit section the commercial end and savings s d departments of the bank being on the main floor ns OF OP BANK n Frank J Stevens SteveN Is president of the tho Security Stater Stat bank and W W II H Shearman is the first t vice ice Ice 1 president dent Other officers aia aro Fred M Ne N e second vice tics Ice president T C Mercer vice president S U G I Dye cashIer and William A Budge as- as assistant as assistant cashier I The Tha directors named for 1924 are tro W II H Shearman frank rank J Stevens Fred M 21 Ne e Joseph O 0 I Read Miles Mlles L Jones Louis Louie K BIt BIt- BItton ton Bit ton W V C Hunter T C Mercer J JT JT JT T Rushmer and J M Wilbur Wllbur i ix IN 1910 n io Tho The bank was established es Tn In 1910 as the tho Trust and Savings bank with capi capital tal tel of It wu was wa reorganized In 1914 as the Security State bank wIth capital of At that time the bank transferred its business from a Washington av- av avenue a av avenue v location to-the to Fred J building I The rho late Fred J l was one of the tho men mn prominent In the th to- to le e- e organization and later became president of the bank SS W H Shearman representing the Kiesel In Sn Ogden now no was I s managing vice president for tor sever seer se several several er- er II al 01 years Afterwards he h retired to take alte up the active work of ot the tho properties Fran Frank J Stevens to the tho managerial work orl as president of ot the bank banI bankIn In n the vears ears since Mr Shear Shear- Shearman Shearman man took tool charge in 1917 then hers ha h been ben rapid and substantial growth of the Security State bank Its Itt de- de depositors de dp depositors include not only Ogden people but ate ale residents resident of Nor Nor- Northern No thern thern Utah of ot V Wyoming Idaho 1 ada and Montana F trank rank J Stevens Is ono one of the best bet known Industrial and financial men of oC northern Utah R and nd hit his 8 as officers and directors tors are aie prom promInent loom in the Ogden and the northern part of oC the state stat |