Albert L. Ackerley, one of the most prominent figures in the financial circles of Decatur county, is president
of the Exchange National Bank of Leon and president of the First National Bank of Grand River, this county. His
birth occurred in Fayette township on the 8th of March, 1872, and he is a son of Samuel and Charlotte (West) Ackerley,
both natives of England, the former born in Manchester and the latter near London. As a young man the father emigrated
to America and was married in Philadelphia to Miss West, who had crossed the ocean to the United States on the
same ship. He followed railroading for some time, being in the freight department of the Chicago, Milwaukee &
St. Paul Railway, but after coming to Decatur county in 1871 he gave his attention to farming one hundred and twenty
acres of land in Fayette township, which he owned, until he removed to Lamoni. He passed away there when seventy
five years of age, but his widow is still living at the age of eighty three years and makes her home with our subject
at Leon. Mr. and Mrs. Samuel Ackerley were the parents of the following children aside from our subject: J. E.,
of Grand River, this county; E. W., of Kidder, Missouri; Mrs. John Herold, of Shenandoah, Iowa; and Mrs. J. W.
Peterson, of Alberta, Canada.
Albert L. Ackerley was reared upon the home farm in Fayette township and attended the common schools in the acquirement
of an education. When but seventeen years of age he started out on his own account and for two years farmed and
worked at the printing trade. He then turned his attention to real estate and in 1895 started a private bank at
Beaconsfield, Ringgold county, which he sold out four years later, purchasing the bank at Grand River. In 1900
he organized the State Savings Bank, which has now become the First National Bank of Grand River, and since 1913
he has served as president of that institution. In September, 1908, he and E. G. Monroe, then county treasurer,
purchased a controlling interest in the Exchange National Bank of Leon. Mr. Ackerley was for some time treasurer
of the institution, was later made vice president and for the past three years has served as president, while Mr.
Monroe has been cashier. Mr. Ackerley understands the banking business thoroughly both as to routine work and as
to the great principles of finance that underlie successful banking and the Exchange National Bank of Leon and
the First National Bank of Grand River have prospered to a marked degree since he has directed their policies.
He is also interested in a bank at Keokuk and in connection with W. H. Shields laid out an addition to that city.
They have handled a number of large tracts of land and are excellent real estate men.
On his twenty first birthday Mr. Ackerley was united in marriage at Lamoni to Miss Lois Walker, who was born in
Nevada but was taken by her parents to Illinois when but two years of age, while the following year the family
located in Decatur county, Iowa, where she grew to womanhood. She is a graduate of the Lamoni high school and was
at one time assistant postmaster of that place. Her father, who was a well known farmer, passed away a number of
years ago, but her mother, Mrs. M. Walker, is still residing in Lamoni. She has one sister, a widow, Mrs. Frances
Davis, who is teaching in the Lamoni high school. Mr. and Mrs. Ackerley have four children: Delos, twenty one years
of age, who is now a sophomore in the State University of Iowa at Iowa City; Leland G., eighteen years of age,
who is a freshman in that institution; Lois Alberta, who is a student in the Leon high school; and Homer M., attending
the common schools.
Mr. Ackerley is a republican and is not only stalwart in his support of the party at the polls, but is also an
energetic worker in the ranks. At one time he was his party's candidate for county treasurer. Fraternally he holds
membership in the Masonic order. He possesses much astuteness and is able to readily determine the value of a proposition,
which faculty has been of great value to him in his work as a banker, as it has enabled him to at once promote
the legitmate business expansion of his community and at the same time to safeguard the interests of the depositors
and stockholders in the banks with which he is connected in an official capacity. He is respected not only for
his ability but also for his unquestioned integrity and uprightness.
History of Decatur County, Iowa
And its People
The S. J. Clarke Publishing Co.
Decatur County, IA
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