The annual meeting of stockholders of the Peoples Bank & Trust Company was held last week. The directors remain the same for the following year.
A dividend of 8 per cent was paid and a substantial sum placed to the surplus fund. The Capital and surplus now is in excess of $31,000.
The year’s business showed gains in all departments and a very satisfactory year.
The following officers were elected: G.H. Holmes, President; J.T. Waldrop, Vice President; Walter Jones, Vice President; W.F. Little, Cashier; V.A. Bland, Assistant Cashier; and Foster Thompson, Asst. Cashier.
From the front page of the Polk County News, Tryon, N.C., Thursday, July 10, 1924
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