Old National Bank03

Waupaca Paper

January 19, 1928

OLD NATIONAL BANK REVIEWS 44-YEAR GROWTH

ESTABLISHED IN 1884 BY R.N. ROBERTS,

INSTITUTION TODAY HAS RESOURCES OF MORE THAN A MILLION

Reviewing 44 years of financial progress, the Old National bank has named its officers for the coming year, celebrating resources totaling over a million dollars.

The bank found its origin in 1884, established as a private banking house with R.N. Roberts, president, and W.B. Baker, cashier.

Miles Succeeded Roberts

At the time of Mr. Roberts’ death, in 1903, H.E. Miles assumed the presidency, William Dressen succeeding Mr. Baker as cashier in 1901l

Mr. Miles was succeeded to the presidency of the bank in 1921 by Alfred Johnson, present holder of the office. Mr. Dresssen left the bank in 1926, to take a position as secretary and treasurer of the Syndicate Finance Co., Milwaukee. He was succeeded in the bank by Matt Ovrom.

Mr. Ovrom Returns

Mr. Ovrom had been with the bank from 1903 to 1913, then spent 10 years in Minnesota, before he again joined the personnel of the bank.

The present group of officers of the bank includes Alfred Johnson, president; Matt Ovrom, cashier; C.W. Plowman and ?.G. Whipple, assistant cashiers, and Alfred Johnson, A.R. Potts, L.F. Shoemaker, Frank A. Lear, C.C. Boyce and F.W. Rosche, directors.

More than 60 persons, most of them residents of the city and community, are shareholders of the bank at the present time.

Change of Location

The original location of the bank was in the Waupaca Abstract & Loan Co., quarters, the move to the present building being in 1911. In 1914 that building was remodeled and refurnished.

As one of the oldest and biggest banking houses in Waupaca county, the Old National bank has been a sympathetic representative of community interest. It has endeavored to place the loans locally, where possible, giving aid to community endeavor and the agricultural interests on which the welfare of the city of Waupaca is based. The fact that three of the directors are farmers has aided in the pursuit of that aim.