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AND FARMER-LEADER FARMYILLE, VIRGINIA, FRIDAY, APRIL 26, 1957

First National Holds Formal Opening

M W FIRST NATIONAL BANK BlILDING. formally delieated Thursday evening, April 25. It replaces two buildings which formerly stood on this corner. Of cream brick, trimmed in blue pearl Granox marble with overhanding marquee.

New Quarters Last Word In Blending Colors, C omfort As the two glass doors swing open at the entrance corner of Main and Third streets the large public area of the new quarters of the First National Bank gives one the feeling of spacious warmth and pleasure. The spaciousness is achieved by the absence of col umns in the 50 x 52 foot area. The warmth is the resuL of blending colors — the walnut fur niture and fixtures, blending with tlie touches of brown in the rub ber tile floor, the cream sidewalls, and the gray acoustical tile ceil ing. The focal point is the beau tiful mural, an agricultural scene developed from three separate photographs made on local farms.

i ue piate glass loaning uie tides of the building, on Main street and on Third street, give natural light, and an expansive ness not generally found in a bus iness building. The lighting ef fect is controlled by wall-to-eeil ing drapes of blending chocolate, woodrose, sand and champagne. Entering, to the left are six teller’s windows, assuring custom ers of speedy service. The note teller’s window is directly in front of the public area entrance, and to the right are the desks of the officers, with a private office in the rear for the executive vice president. At the rear of the public area is the bookkeeping department entirely .separated from the pub lic. jet conveniently located to be of service to the customers. Mod ern. accurate and speedy calculat ing and record making machines are in use throughout the book keeping department, which are operated by three bookkeepers, and a proof clerk. The floor of the public area, of brown and cream rubber tilt-, adds to the illusion of expans iveness Indirect lighting is used throughout the new quarters ac centuating ti.e masterful blend - Continued on page 0 )

First National Bank Openedjanuaryl0,1901

The First National Bank was opened for business January 10. 1901, with N. B Davidson as pres ident. A G. Clapham as cashier, and W P. Gilliam. Dr. Peter Win ston, Dr. J. M. Hamlet, John R Martin, N B Davidson. T. J. 'Davis, and R H. Lynn as direc tors In 1902 Lynn was vice-pres ident and J. F. Walton, E. S. Taylor. C. C Fleming, and W. D M. Stokes had been added to the board of directors. The formation of the bank was the result of a meeting of business and professional men in the of fices of Burton and Otley on No vember 10. 1900. at which $30,000 j in stock was subscribed. The iem , porary officers were Dr. Peter Winston president. A G Clap ham cashier. W. G. Dunnington, Dr. Winston. N B. Davidson. J M. Hamlet. John R. Martin, A G. Clapham and Thomas J. Davis, temporary directors.

Merges With Citizen Dank On December 17. 1909. the Cit izens State Bank, which had been organized on April 29, 1907. con solidated with the First National Bank. The Citizens State Bank was organized in the office of Garland and Martin, with E. Scott Martin president. George M Serpell vice president, and W. D. M. Stokes. Dr, Peter Winston. F J. Whitehead. J E. Garland. Mr. Serpell. Robert K. Brock and E. Scott Martin directors Ii opened for business at the corner of Main and Second streets July 11. 1907 w:' F W. Hubbard as cashier. Davidson f irst President Followin'-; the mercer. N. B. Da ! ’ Clapham. vice president. John A. Booker and F W Hubbard, as sistant cashiers, and Davidson, J L. Putney. J. F. Walton. Clap ham. J R Martin. W. D. M. Stokes. Joseph E. Garland. E. Scott Martin, and E. S. Taylor, directors. Mr. Davidson continued as

president until his death ;n 1936, when he was succeeded by Joseph E. Garland who. as president emeritus, was succeeded by his son. R Ernest Garland, in Janu ary 1957. A G Clapham served as cash ier until 1904 when he was suc ceeded by John W Long <1904 08* and successive cashier have been Volusko Vaiden '1908-19*. W B. Morris < 1919-25*. Gordon E. West '1925-44', and E. W Sanford. Jr., <1944-56*. who be came Executive vice-president in 1956 to fcx- succeeded by S. Bruce Spencer. Others who served as directors of this bank include Herbert L Bradshaw. W F. Burger. Dr. R L. Hudgins. Bennett T Taylor. C M Smith. J. Weldon Smith. R B Johns, Gordon E. West. Dab ney S Lancaster, and the pre sent board. Horace Adams. Jo seph E. Garland. R. E. Garland, George A Newman. W. O Put ney. E. W. Sanford. Jr., Dr W. F Smith. Vernon C Womack. J M. Johns. Charles W. Gates and A O. Lafoon. Beginning with a capital stock of $30,000 increases have been made through the years The cap ita! stock today is $100,000 and surplus, undivided profits and re erves 5368 845.68. The resources of the bank stood at $5,754,047 45 at the end of 1956. Through depressions or re cessions the Farmvilie banks, the Planters Bank & Trust Company. First National Bank and The Peoples National Bank have re mained strong, conservative and served the needs of the area

l ocal Photographers Supply Pictures Pictures for this edition were supplied tv the Camera Artist, Wa rr *-n N: • 1 s; .• i i a i}d A aee 's S, u - din. Earl Ar» e

f irst National Offers \arietv Banking Services c Rv WAITER SANFORD Executive Vice-President The First National Bank offers a complete bank service to the people of this area. The servict offered by its financial institu tions is often a controlling factor in the progress of a community. Individuals and business houses place their money with the bank to be used by the bank directors in making loans to other bus inesses, individuals, or for invest ment in securities. In providing this service, the bank must assure that the funds of its depositors are invested safely and the bank must always be in a position to repay its depositors according to its agreement.

Among the services, are such programs as Christmas S a v - ines Accounts, and Vacation and Tax Savings Accounts Also, the bank offers its customers the con venience and protection of safe deposit boxes and travelers checks. In addition. The First Na tional Bank makes many differ ent kinds of loans such as bus iness loans, real estate loans, au tomobile loans, appliance loans, and personal cash loans. As a national bank, the First National is unde’- the supervision of tin Comptroller of the cur rency and is periodically exam ined by National Bank Exam in cis Ordinarily, ti.se examina tions occur twice a year on dates of which the bank has no prior knowledge. To add to the protec tion of the depositors, all deposits are insured up to $10,000.00 by the Federal Deposit Insurance Corporation which corporat; >n uas organized for the puipose of protecting its depositors against k-sv Like any other type of in surance. this insurance costs mo ney and an annual premium is paid by the bank. More than 2800 people use savings accounts for Continued on page C)

Expect 2,000 Yisitoi ; To Formal Opening Thursday Evening Nev. tanking quarter of ' ■*> First National Rank of Farmv-ii*, were to opened to the public at a formal inspection Thursday eve ning April 26, from 7 30 to t*> o’clock. The even* wa planned by th>* bar.h a.rectors oil. i ts and st, M ■O • vt the Cii.-toiih rs and friends uf the bank .. look at the newly nmpleted facility Every <Up..-t r * lit was to be open for ,n>pac tion .ncludmg the sanctum-sac ■»*. forum, the bank s enlarged, tie / lar-procf vault. The doors of the -pie . id sg «v new quarters, decorated wv.U flower- tia compliments of me *y business firms as an expres.se a A congratulation to the bank • <\ ts formal opening, vveit t< cj * 1 d at 7 30 p. m.

Robe 11 I aylor. pi c side nt « f Tnyloi Manufacturing Compa:* a as to ( * l:v« r the keys cvf tJ»* bank to R Ernest Garland tfio Bank s president V. itors w* r»» then welcomed by the full staff directors, and officers as they en tered the front doors An orchid wa* to be- present* d ;o each lady vis tor. Com gums for tfie lady's handbag were spe cial favors arranged for the oet \ •ion Also coin purses were pre sented each man visitor. For the children there w« rf* savings; banks, to teach the 1* 5 - sons if saving. Saving Prizes As each visitor registered fin* name was dropped into a box to craw for the savings account pi Vr *s The first prize $100 saving account; second prize $50 saviiiv.** account and third prize $25 say ings account. The savings account prizes were to be drawn the Al lowing morning. “We have prepared foi 2,00** visitors on our opening night/ Waller Sanford, excutive vice president said. “We hope for ev *> more, and we will make the »rs welcome during the formal open ing. If they are unable to be pres ent for the occasion I hope tha*. they will visit us during rtguhve banking hours.”

Bank Operated By Eight Officers Eleven Directors The First National Bank »i managed by eight officers and O directors. The officers are: Jos. E Gar land, president emeritus; P K Garland, president; Walter Putney, first vice-president; H* r ace Adams, second vice-president, Waller Sanford, executive vi. r president, S. Bruce Spent* r. cashier and trust officer; Jolut H. Varner, assistant cashier anti manager cf the Farm Service de partment, and Lurline A Woct ton. assistant cashier. The directors include Hora- •> Adams. Jos. E Garland. IV K Garland. Charlie W. Gates J M Johns. A. O Lafoon George A Newman W. G Putney. E V/ Sanford. Jr Dr. W E Smith ami V. C Womack. Soft .Music Piped Into Bank Building So ft music is being piped all over the buildin from a.reccud player, Ti.( smooth restful music v *tl be soft enough not to bothei t* 1 lers at work The records Can «• automat it a Uy and new 1 ecoi • I. a it added to the collection p» r .1 C.l si'V