Farmers and Merchants Bank

.

....... . .

About

Name

Finance and Insurance

• Banks and Credit Unions

Facts

Founded

• 1925

Merged/Sold

• Date unknown

Related

Key Persons

Location

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• 000 UNKNOWN, Smithville, 44677, Ohio, United States

Farmers and Merchants Bank

Live and Progressive Business Enterprises Recently Visited By a Special Correspondent: Farmers and Merchants Bank Safe, Sound & Conservative. Elmer Burkholder, Cashier, Smithville, Ohio.

In compiling this annual business industrial and community review of Wayne County. The Record takes pardonable pride in calling the public's attention to the Farmers' and Merchants' Bank of Smithville. In fact the financial status and prosperity of any community depends greatly upon its live banking institution and this village is well provided for by this live bank. This live financial institution has met with a well won success from its first business inception which is owing. In a great measure, to its very conservative management. A general banking business is transacted loans made on approved securities, 4 per cent, interest paid on savings accounts and collections made in a prompt and most satisfactory manner. They opened a new savings department on January 1 on accounts from $1 up are received every favor consistent with sound banking is extended to the patrons of this institution by the management.

Quick Facts

• 1909 - new building is next to Willamen building with bank in one half and a grocery store in the other pg.44-45
• 1909 - Owners: Elmer Burkholder; Wesley Zaugg; Christian Tschantz
• 1920s - Privately owned business until '20s when stock and bank was incorporated
• 1925 - September 17, Bank received state Charter # 119269
• Great Depression - Bank closed for required days and then opened again
• 1942 - Storm blew the Willamen building 3rd story debris on the bank building causing bankt o relocate to restaurant by gas station until repairs could be made pg. 44-45
• 1969 - Bank moved to 153 E. Main St., Smithville, Ohio

pg. 45

• 1972 - January 1, Farmers and Merchants Bank merged with First National Bank, Gary Oswald, Manager