| Show New Ownership Of Local Bank Roy W. W Simmons president president president dent of Zions First National Bank and Rendell N. N Mabey chairman of the Board of Bountiful State Bank announced announced announced an an- today that Mr Simmons Simmons Simmons Sim Sim- mons has personally secured options to buy a large majority major major- ity of the capital stock of Bountiful State Bank ALL SHAREHOLDERS of Bountiful State Bank will have an opportunity to sign like options if they desire Mr Simmons indicated he would exercise his options and then offer to resell the stock to Zions First National Bank for the same price An application would then be filed with the Comptroller of the Currency for permission to merge the two banks MR MABEY in approving this action expressed his delight delight delight de de- de- de light with the prospect of Zions Bank locating in Davis County Mr Mabey said Bountiful's strategic location has been beena a major factor in the rapid growth of Davis County over the past few years BOUNTIFUL State Bank with resources of over 12 million has its main office in the city of Bountiful and branch offices in North Salt Lake and Centerville President Simmons and Board Chairman Mabey both indicated that all officers directors and employees of Bountiful State Bank would continue in their positions BANK customers therefore will have the continued advantage advantage advantage ad ad- vantage of working with longtime longtime long long- time banking personnel plus having additional banking services which will be offered by Zions First National Bank Trust services and broader lending power will now be available to Bountiful cus cus- Bountiful State Bank was established in 1906 One of the founders was the former governor governor governor gov gov- of Utah Charles R. R Mabey Mabey Mabey Ma Ma- bey father of the present board chairman OVER THE years Bountiful ful State Bank has made a significant contribution in building Bountiful and Southern Southern Southern South South- ern Davis County said Mr Simmons Davis County is unique inthe inthe in inthe the banking industry in that it has never experienced a al l Bot bank failure No depositor has ever lost any money with Davis County banks THE BOUNTIFUL trading area now boasts a population of nearly people making making making mak mak- ing it one of the fastest growing growing growing grow grow- ing communities in the Intermountain Intermountain Inter- Inter mountain West s W 4 a f m |
