Bank: Stockmans National Bank
OPENING OF STOCKMANS NATIONAL BANK OF LUSK IS TENTATIVELY SET FOR MARCH 28; IN NEW BUILDING
Lusk Free Lance, March 19, 1953
Opening of the Stockmans National Bank of Lusk recently organized by a group of Niobrara county businessmen and ranchers has been tentatively set for Saturday, March 28th, according to Roscoe E. Kilmer, who will be the new institutions’ initial president.
The new bank, which becomes the second in this city, will start operations in a new building on Main street, adjoining the J. C. Penney store to the south. Construction on the new structure was begun the latter part of December, with Oscar Bostrum, local builder having the contract. The building is owned by the Kilmer Corporation.
Some seasonal setbacks prevented an earlier completion of the structure, but the mild January weather permitted considerable progress, and, since the recent blizzards, work has been on a high gear basis, with large forces of workmen engaged almost constantly. Finishing touches, such as the flooring, painting, etc., have been inn progress the past week, and at present most of this work has been or is being finished. The painting is being done by Virgil Quinn, local decorator, whose work of necessity is the last before the place is ready for occupancy.
The Stockmans National is capitalized at $100,000, with an additional $25,000 surplus fund and $25,000 in undivided profits. It is a member of the Federal Reserve System and the Federal Deposit Insurance corporation. The new bank qualified under the above shortly before last Christmas when the charter was assured. These credentials are expected to be received from the comptroller of the currency in Washington D.C., within the next few days.
According to R.E. Kilmer, the bank’s president, there are 35 stockholders in the institution’s setup. Most of these are residents of this county, with only four outside investors. These latter are understood to be well known bankers of Cheyenne.
Other officers of the new bank, aside from the president are Nick T. Kaan, vice president; Max T. Bird, vice president and cashier, and Ethel Taylor, assistant cashier. These along with Burton Hall of Lance Creek, A.W. McMaster of Van Tassell, and D.A. Shoopman and Jas. B. Griffith, Sr., of Lusk, make up the initial board of directors.
A more detailed report of the opening will be carried in these columns next week.