The Bank of Seward
[Established 1905]
STATEMENT OF CONDITION AS REPORTED TO THE TERRITORIAL
BANKING BOARD AT THE CLOSE OF BUSINESS
OCTOBER 10TH, 1925
RESOURCES
Loans and discounts .$202,881.66
United States Bonds. 30,000.00
Other Bonds . 55,609.37
Real Estate, Banking House Fur
niture and Fixtures . 17,123.50
Other Resources . 4,797.00
Cash on hand and due from National
Banks . 148,878.57
Total .$459,290.10
Liabilities
Capital.
Surplus and Undevided Profits
DEPOSITS .
Total .
CASH RESERVE ..
Secondary Reserve
(Bonds) ..
Total Reserve
$ 25,000.00
. 12,678.68
. 421,611.42
..$459,290.10
35 per cent
20 per cent
55 per cent
TERRITORIAL DEPOSITORY
UNITED STATES DEPOSITARY FOR POSTAL SAVINGS FUNDS
CITY DEPOSITARY
FOUR PER CENT PAID ON SAVINGS ACCOUNTS
IS*
CHARLES E. BROWN, President
The
Bank of Seward
which was established and com
menced business in Seward,
February 6, 1905, is one of the
oldest banks in the Territory.
Its growth like the town it rep
resents has been steady and as
sured. Starting with opening
deposits of less than $5,000.00,
after twenty years of steady
growth shows today deposits of
over $420,000.00. Its conserva
tive management and the large
percentage of reserve carried
makes it one of the strongest
banks in the Territory.
Since the inception of Seward it
has been the aim of this institu
tion, to foster and assist local
business and industries for the
welfare of the Community which
it serves, extending to all its
kindly assistance and advice in
all their business problems.
The Directors
and Officers
of the Bank of Seward are
men who are pioneers in the bus
ienss world of Alaska, who have
been in the Territory for over
twenty-five years, engaged in
successful business enterprises
and whose names stand for sta
bility and integrity.
It numbers amongst its custom
ers and depositors individuals
and firms in all lines of business,
from Prince William Sound to
Bristol Bay, and its Motto—
“Safety, Strength and Service’’
has been exemplified in all its
dealings.
-1<^~
Gold Dust Bought
Travelers’ Checks Sold
Money transferred to all parts
of the world
Bank of Seward
H. S. BALDEBSTON, Vice-President
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