The Union Trust Company was chartered February 28, 1907, and was organized by B. P. Waggener, with a paid-up capital stock of $100,000. March 24, 1909, his charter was amended and it became the Exchange State Bank of Atchison, the officers of which are: F. E. Harwi, president, and Edward Iverson, cashier. This bank has a paid-up capital of $50,000, with surplus and undivided profits of $34,776.91, with average deposits of $350,000. It is one of the strong State banking institutions of Kansas, and is doing a prosperous business. Atchison county has a number of strong, flourishing banks, located at Effingham, Muscotah, Potter, Huron, Lancaster and Cummings. The Farmers and Merchants State Bank, at Effingham, was organized in 1905, with a capital of $12,000 by A. J. Smith, U. B. Sharpless, Fred Sutter, R. M. Thomas and J. W. Davis. Since its organization there have been a few changes among the officers and the board of directors, and in 1915 the officers were: Fred Sutter, president; L. T. Hawk, vice- president; E. J. Kelley, cashier; D. R. Gerety, assistant cashier. The present board of directors is as follows: Fred Sutter, L. T. Hawk, Alex. McKay, U. B. Sharpless, E. J. Kelley. The capital stock and surplus in 1915 exceeds $15,000, and the bank’s average deposits are about $120,000. In 1910 a handsome and commodious brick building was erected at the corner of Main and Howard streets for its new home, and it was fitted with attractive new fixtures and a burglar-proof vault of modern structures, at a cost of $4,000. This institution is purely a local concern, financed by local capital; all of the stockholders reside in Effingham and vicinity, and comprise leading merchants and farmers of the Effingham district.