Search billions of records on Ancestry.com
   

Click on the Griffin to go back to the Morgan Index


"A Two Bank Town"

Fifty Years: The Sun Bank Story, 1934-1984, by Ormund Powers



Laura Morgan, future banker!


Page 25:

The minutes of the new First National Bank's organizing directors of December 3, 1933 noted that "the canvass for subscriptions of stock are about at their limit due principally to the fact that at this season of the year, the citrus crop is just starting, and which would not give returns to the growers and shippers for some 60 days, made it almost impossible to secure support from a large number of our most desirable citizens."

By the fifth of Decmeber, 4,779 shares had been sold leaving a balance of only 221 to be sold.

By December 29, the directors had decided on personnel and salaries for the new venture. Included were: E.E. Leggett, analyses and clear cages, $1,560 per year; Rozelle Whitehead, notes, $1,500; LAURA MORGAN, custodian of vaults and to clear cages, $720;Sara King, telephone and foreign items, $960; Noble Bradshaw, janitor, $676.