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THE FIRST NATIONAL BANK OF NOGALES, one of the most reliable financial institutions in Arizona, was organized
about ten years ago and numbers among its directors and shareholders some of the most enterprising men of the town.
Its cash capital is $50,000, surplus and undivided profits $65,000, and deposits but little less than $500,000.
While its business is conducted along safe and conservative lines, its policy has always been broad and liberal.
The First National Bank is depository for public funds of Nogales, the County of Santa Cruz and for the United
States. The funds of the Post office, the Immigration Office, and the Custom House are also deposited with this
institution. The record made by this bank is one of which the directors and officers may well he proud, and during
the panic of 1907 it was one of the few banks in the state which met all of its obligations without hesitation
or reservation.
The reputation of The First National Bank of Nogales for permanence and stability is thoroughly well known over
all Arizona, and no one circumstance has ever done more to establish a high standard for any financial institution
than the able manner in which this bank coped with the wants of its customers during the trying period referred
to by its announcement that it knew no limit short of the total amount of a customer's deposit. Checks were readily
taken everywhere, and when presented at the hank itself, were cashed with alacrity. Its record in this particular
has given it a place among the sound and solid financial institutions of the country and in the estimation of the
entire business and commercial world that is treasured among its most valuable assets.
The First National Bank conducts the usual Exchange and Collection business in addition to the regular banking
lines, and in every way is especially accommodating to customers. It also conducts a safety box department for
deposit of valuable documents, bonds, money, jewels, etc., and a Mexican department for the buying and selling
of Mexican money. This bank has a large and extensive business down the West Coast of Mexico. The Directors are
Theo. Gebler, E. Titcomb, Phil Herold, Bracey Curtis, L. Lindsey and H. M. Clagett.
Bracey Curtis is president; Phil Herold, vice president; Otto H. Herold, cashier. Beside
a strong and liberal policy in the conduct of the business of the sterling banking institution confided to their
care, the officials of the First National Bank give attention to the best interests of the town of Nogales. Mr.
Curtis, the president, and Mr. Otto H. Herold, the cashier, have served as members of the Nogales Council, and
Mr. Grover Marsteller, one of the clerks, is Town Clerk. Mr. Curtis is also chairman of the Fire and Water Committee,
and has been for years Chief of the Fire Department.
From:
Who's Who in Arizona
Vol 1
Compiled and Published by Jo Conners
Press of The Arizona Daily Star
Tucson, Arizona 1913
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