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Show Bank of Pleasant Grove Names New Officers The Bank of Pleasant Grove has increased its capital stock from $20,-000 $20,-000 to $25,000- to comply with the requirements of the government, so that they could secure the Federal Insurance for depositors. This extra ex-tra $5,000 dollars worth of stock was readily taken up by the local people. It is interesting to note that several of these new stock holders are women. A large block of stock, formerly owned by outside people, has also been secured by local people making the majority of the stock now controlled by Pleasant Pleas-ant Grove people. Directors of the bank have worked hard to bring j about this fine condition. ! At the stockholders meeting held January 16, a fine harmonious community com-munity spirit prevailed. The following fol-lowing directors were approved: S. L. Swenson, James H. Walker, H. W. Jacobs, John R. Halliday, S. L. Chipman, J. W. Gillman and Harry Gammon. On January' 20th a meeting of the directors was held and S. L. Swenson Swen-son was selected as president; James H. Walker, Vice President, and Junius A. West as Cashier. Pleasant Grove people are pleased to know that their home banking institution is continuing to remain one of the strongest banks in Utah county and is meeting every new situation in a progressive manner. n . |