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Chase County Kansas Historical Sketches
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CEDAR POINT
STATE BANK
Banking in Cedar Point started in the year
1906 by the organization of The Farmers State Bank
and it is believed the beginning capital to be
$12,500.00. Mr. J.C. Fisher served as its president
and J.B. Hanna, cashier. This Bank was in operation until January 1914, when the assets, building
and fixtures were sold to the Cedar Point State
Bank, its successor.
The Cedar Point State Bank commenced business January 25, 1914, with the following officers:
J.C. Fisher, president, L.M. Swope, vice-president, E.C. ImMasche, cashier, and Blanche V.
Cress, assistant cashier. Beginning capital was
$15,000.00 and a raise to $20,000.00 was made by
sale of additional shares the fore part of the year
1918.
Mr. ImMasche served as cashier from 1914 to
1924 when he was elevated to the presidency and
S.G. Fisher elected to serve as cashier. Mr. Fisher
was replaced as cashier in 1926 by Mr. Earl James
who served in this position until 1947, being replaced by Ralph W. Linnens who continues to serve
as executive vice-president and cashier.
The capital stock of the bank was increased to
$25,000.00 by stock dividend in the year 1952 and
membership was accepted by the Federal Deposit
Insurance Corporation. An addition to the bank
building and complete remodeling was done in
1971 at which time the capital stock was increased
to $50,000.00 by stock dividend. Total capital
accounts as of June 30, 1972 were in excess of
$380,000.00 and total resources nearly $3,000,000.
Chase County Centennial, 1872 - 1972
by Lorna Marvin
Please submit your historical sketches.
Background and KSGenWeb logo were designed and are copyrighted by
Tom & Carolyn Ward
for the limited use of the KSGenWeb Project.
Permission is granted for use only on an official KSGenWeb page.
The USGenWeb Logo was designed by Linda Cole.
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