fullscreen: Thomson's manual of Pacific Northwest finance

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THOMSON'S MANUAL 
CITIZENS SECURITY NATIONAL BANK, Everett, Wash. 
CONTROL: Citizens-Security Corporation. 
HISTORY: Consolidation of Citizens Bank & Trust Company, (founded 1913), 
and Security National Bank of Everett,( founded 1920). Physical amalgamation 
cook place April 29, 1930. Same directors of each bank retained. President and 
Cashier of Citizens Bank & Trust Company made same officers in the new amal- 
gamated bank. i 
Departments: Trust, School Savings, Bonds, Savings, Safety Deposit, Commercial. 
Members of: Federal Reserve, A.B. A. 
Correspondents: Peoples Bank & Trust Co. Seattle; Bank of California, Seattle: 
Pacific National, Seattle; Wells Fargo Union Trust. San Francisco; National City 
Bank, N.Y. City. 
OFFICERS: Nathan IL. Thompson, Pres.; Theodore H. Bowden, First Vice-Pres.; 
A. R. Metz, Vice-Pres.; O. A. Torgeson, Vice-Pres.; Frank L. Cooper, Vice-Pres. 
and Cashier; C.  W. Butler, Vice-Pres. and Tr. Officer; A. D. Stevenson, Asst. 
Cashier; Leo Wilson. Ast. Cashier; A. J. Madden, Asst. Cashier and Asst. Tr 
Officer. 
DIRECTORS: W. P. Bell, W. R. Booth, Theodore H. Bowden, Chas. W. Butler, 
Olof Carlson, Frank L. Cooper, W. G. Grimm, Chas. W. Haines, Even A. Hevly, 
Philip Hingston, William T. Knowles, A. R. Metz, Hugh W. Sessoms. Frank C. 
Sheraton, Harry O. Siler, Nathan L. Thompson, Clayton M. Williams. 
CAPITAL: As of Jan. 1, 1930: Authorized and Outstanding, $200.000: Par Value, 
$100. ’ 
DIVIDENDS: 69% per annum. 
STATEMENT OF CONDITION, Dec. 31, 1929 
RESOURCES LIABILITIES 
Loans and Discounts...............$1,459,913 Capital Stock ..ooeeeecveeneeeeee $0 200,0000 
Overdrafts ciel. eel. 338 Surplus and Undivided Profits 21,511 
Bonds and Warrants................. ~ 445,894  (jpeulation emeeeen. 188,660 
Banking House and Fixturc:z 7,103 Ted . : 
Dividends Unpaid ...ccoooioeeaaeeeee. 17 
Due from U. S. Treasurer . 1: . 
other Danks Letters of Credit 4,500 
letters of Credit... Deposits eeeeee .. 83.171,988 
$3,592,676 
Book Value of Stock ........ eemnrcrneemee $113.76 
Ratio, Deposits to Capital... oie PTR 16 to 1 
Ratio. Deposits to Capital and SUrD US. ooo eee 14 to 1 
EVERETT TRUST AND SAVINGS BANK, Everett, Wash. 
CONTROL: Affiliated with First National Bank of Everett. 
HISTORY: Founded 1902 as Savings and Real Estate Loan Bank. Consolidated 
with Bank of Commerce in Jan. 1930. (Bank of Commerce founded in 1900.) 
BRANCHES: Pine Street, Everett, Wash.,, and Coupeville, Wash. 
Departments: Commercial, Savings, Trust. 
Correspondents: Chase National Bank, N. Y.; Crocker First National Bank, S. F.; 
Metropolitan National Bank, Seattle. 
OFFICERS: Wm. C. Butler, President; Robt. Moody, L. L.. Crosby, W. M. Jenkins, 
E. C. Olson, G. 8. Aldrich, Vice-Presidents; E. G. Startup, Cashier; C. W. John- 
son, 8S. T. Burnham, Asst. Cashiers; C. A. Craft. Mgr. Pine St. Branch; C. H. 
rRuthford, Mgr. Coupeville Branch. 
DIRECTORS: G. S. Aldrich, Wm. C. Butler, J. A. Coleman, L. L. Crosby, H. L. 
Dean, A. H. Gunderson, Wm. Howarth, W. M. Jenkins, A. H. B. Jordan, Robt. 
Moody, Clifford Newton, E. C. Olson. 
CAPITAL: As of Dec. 31. 1929 Authorized and Outstanding, $200.00Q; Par Value, 
$100. 
STATEMENT OF CONDITION, Dec. 31, 1929 
RESOURCES TTADITITTRS 
First Mortgage Loans.............$ 
[Loans and Discounts... Sawn 
Bonds and Warrants....... I 
Stock F. R. Be~"". iain 
DVETBrafls .cocsmessmmmrummssmssesssinme 
Furniture and Fixtures............ 
"ther Real Estate... 
“ash and Due from Banks... 
DEDIA] reves. 250,000 
Surplus and Undivided Profits 114,904 
Reserve for Taxes... _......... 8,669 
Deposits eee. 3.419.551 
¢92 799 125 
te mQ2 195
	        
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