Page:Portland, Oregon, its History and Builders volume 1.djvu/714

 Co., Bankers.

Following is a statement of the condition of Geo. W. Bates & Co., Bankers, at the close of business on Friday, May 20, 1910:

Resources.

Loans and discounts $ 629,407.56

Bonds, securities, etc 53,500.00

Banking houses, furniture and fixtures 64,430.45

Cash in vault, and due from banks 458,716.22

Total Sr. 206,054.23

Liabilities.

Capital stock $ 1 50,000.00

Undivided profits 8,583.71

Deposits 1 ,047,470.52

Total $1 ,206,054.23

THE HIBERNIA SAVINGS BANK.

This bank was organized in 1898 for the special purpose of taking care of the financial interests of that large class of wage earners and business men suggested by its name. The founders of the bank were M. G. Munly, D. M. Dunne, John Kelly, Charles Malarkey, Mayor Mason, S. J. Gorman, P. Raleigh, James L Barron, William Sheehy, E. C. Goddard, D. M. Crowley and Andrew C. Smith. Crowley was the first president for one year, and Dr. Smith has been president ever since — for ten years. The other officers at present are : Frank E. Dooly, vice-president, and Lansing Stout, cashier. The bank has been well man- aged from the start, and has secured a good business. Its present condition is shown by the following statement made September i, 1910:

Resources.

Loans and discounts $1,159,470.51

Real estate, banking houses, furniture and fixtures 46,453.43

Bonds and securities 55'575-^2

U. S. government bonds, (at par) $ 50,000.00

Due from banks and exchange 291,186.56

Cash on hand 168,392.21 509,578.77

Total $1,771,077.83

Liabilities.

Capital stock $ 200,000.00

Surplus and undivided profits, less expenses and taxes paid 44,099.38

Savings and time deposits .$922,119.05

Demand deposits 604,859.40 i ,526,978.45

Total $1,171,077.83

THE SCANDINAVIAN-AMERICAN BANK.

The Scandinavian-American Bank was opened for business in Portland Jan- uary II, 1908, with the following ofliicers: C. F. Hendricksen, president; Sylvester Petersen, vice-president; Anthon Eckern, cashier.

Statement.

Loans and discounts $374,117.57

Bonds and securities 5,500.00

Furniture and fixtures 9,000.00

Cash and due from banks 159,680.87

Total $549,042.74