Show Farmers Stole State dank Bank Names New Chairman Director u t R. R N. N I I Election ot of R. R N as I chairman of the board of dl rectors of Farmers State Bank Bankin in Woods Cross was announced Saturday The election took look place at a special board of dl di rectors meeting to name a anew anew new board chairman to suI suc- succeed the late Glen A A. A hatch Mr has been with Farmers State Bank sJ si no nc e February 1932 and h has a s served as president since Feb 8 8 1957 lie will continue as the banks bank's president as well as chairman of the board MR announced that on Dec 16 at 2 special Christmas dividend was paid to aU all stockholders ot of record which number over in flair Dav is and Salt Lake Counties lIe stated staled that this was a special dividend in addition to the four regular dividends Farmers State Bank will have paid during duro dur Ing 1963 the latest one being a declaration The quarterly divide n d shave s shave have been regularly paid for quite a number of years now according to Mr and the board of directors have at al ready declared the first dividend divi for 1964 to tobe be payable on Jan 15 1964 The annual stockholders meeting is scheduled scheduled sched sched- for Jan 21 1964 Mr stated DURING the stockholders meeting a request will be made for authorization to increase in in- crease the banks bank's outstanding shares from 2500 to which will permit the payment of a 20 per cent stock dividend to the stockholders immediately Mr stated staled lie He conS con that these requests will willbe willbe be made to the stockholders and they reflect the continual growth in service to the south Davis County and north Salt Lake County areas of the Farmers Farmer's State Bank Mr also announced the election of Charles A. A Larsen Larsen Lar- Lar sen Bountiful businessman as |