He assumed control in the financial turmoil following World War I, and by 1919, he was serving as the bank's president. His wife, Jenny Olson Rasmuson, sat on the board of directors.
The passage describes a man who assumed leadership of a bank amidst financial instability following World War I. He was appointed president in 1919 and his wife, Jenny Olson Rasmuson, held a position on the bank's board of directors.