MINERS’ DEPOSIT BANK
The feeling of security afforded to a community by the possession of an old, solid and responsible banking institution, whose financial standing is beyond question, cannot be overestimated. The Miners Deposit Bank was established in 1870 as a branch of the Lykens Valley Bank of Millersburg, and in 1872 was established as a State bank. For thirty-eight years, it has successfully passed through all seasons of financial depression and commercial reverses and been guided always by a management whose methods have been characterized by prudence, conservatism and perfect security. This bank has a full paid-in capital of $50,000, and its last statement to the State Commissioner of Banking shows a surplus exceeding its capital and undivided profits of $73,638.55, while its deposits were $194,338.84. A regular banking business is transacted in deposits, loans, collections, and exchange, receiving the accounts of corporations, manufacturers, firms, farmers and individuals on the most favorable terms, discounting first-class paper, loaning on approved security, issuing sight drafts and affording every facility, convenience and accommodation consistent with safe and conservative banking. Three percent interest is paid on time deposits. The success and stability of this bank reflects most creditably upon the good judgment, carefulness and sound business ability of its officers and board of directors, which is composed of solid, far-sighted and successful citizens of the Lykens Valley.
Isaac Mossop is president; F. H. Voss, cashier; Directors J. I. Delaney, F. J. Dowden, Cyrus Romberger, F. G. Kniley, M. F. Moyer, Edward Lebo, H. H. Tallman, Washington Shaffer, J. W. Durbin, T. B. Davis, J. H. Rauk, and F. W. Romberger.
The policy of the institution has always been regulated by liberality, courtesy and progressive tactics, which is largely responsible for its present healthy condition.
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Article from a special Souvenir Edition of the Lykens Standard, March 13, 1908, via Newspapers.com.
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