The Exchange National Bank was organized with William Hetherington as president, August Byram, vice-president, Webster W. Hetherington, cashier, and C. S. Hetherington, assistant cashier. In 1890, upon the death of its president, William Hetherington, Webster W. Hetherington was elected president, B. P. Waggener, vice-president, and C. S. Hetherington, cashier. In 1892, upon the death of its then president, Webster W. Hetherington, B. P. Waggener was elected president, A. J. Harwi, vice-president, W. P. Waggener, vice-president, C. S. Hetherington, cashier, C. W. Ferguson, assistant cashier, and Webster Wirt Hetherington, teller. In October, 1906, C. S. Hetherington, the cashier, died, and C. W. Ferguson was elected cashier, and Webster Wirt Hetherington, assistant cashier, and Edgar Mattocks, teller. In April 1907, the capital stock of the bank was increased to $200,000.00 with a surplus of $50,000, and ex-Governor W. J. Bailey was elected vice- president and managing officer of the bank, which position he has since held. Upon the death of A. J. Harwi, his son, Frank E. Harwi, was elected director, and succeeded his father, A. J. Harwi, as vice- president, which position he now holds. In 1892 the bank adopted a by-law, which prohibited any officer or director of the bank from borrowing any money from it, or becoming an endorser or surety on any obligation or note to the bank, since which time no officer or director of the bank has been permitted to borrow any of its funds on deposit. The wisdom of this by-law adopted in 1892 has repeatedly been approved by the comptroller of the currency. The management of the Exchange National Bank has adopted and adhered to this policy, because it believes that a bank officer or director should not be permitted, under any circumstances or in any emergency, to use any of its deposits in any of his own personal speculations or ventures. In February, 1914, Webster Wirt Hetherington was appointed cashier, and Edgar Mattocks was elected assistant cashier, and George L. Wolfe, teller. While the bank is known far and wide throughout the State of Kansas for its conservatism, yet it makes an effort to accommodate all business institutions in the city of Atchison entitled to assistance and credit. It aims to be a distinctive Atchison institution. Luther C. Challiss appeared as a banker in the city directory of 1859 and 1861, operating his bank at the corner of Second and Commercial streets, but not much is known of this institution.