The Farmers’ State Bank of Potter, Kan., was organized in 1905 by B. C. Daum, C. K. Hawley, P. C. Grenier, Arthur Davis, James Grapengieszer, Fred Potter, John Niemann, C. L. Cline, J. H. Glancy, who subsequently became directors of this enterprising institution. The capital stock was fixed at $12,000 and the first president of the bank was B. C. Daum, and the first cashier was C. K. Hawley. There are thirty-two stockholders in this institution, who are practically all farmers, residing in the immediate neighborhood of Potter. In 1916 the officers were as follows: President, P. C. Grenier; cashier, A. H. Manglesdorf; vice-president, C. E. Hudson, and the capital stock was $12,000, with a surplus of $5,500 and deposits aggregating $80,000. It is unusual to find two substantial banking institutions in a town the size of Potter, as it is supposed that one bank in such a community would meet all the requirements of its citizens. The Potter State Bank preceded the organization of the Farmers’ State Bank five years. It was organized in 1900 by O. A. Simmons, L. M. Jewell and Fred Ode, with a capital stock of $5,000. O. A. Simmons remained the active cashier and manager of the bank for two years, being succeeded by L. M. Jewell in 1902, who served until 1906. Mr. Jewell was succeeded by H. A. Ode. A new brick building was erected for this very enterprising financial institution in 1909, and equipped with new modern fixtures and a fine burglar-proof vault. The capital stock of this bank in 1916 was $10,000, with a surplus of $10,000 and deposits aggregating $125,000. The officers for that year were as follows: President, L. M. Jewell; vice-president, Fred Ode; cashier, H. A. Ode, and in addition to the officers, the following prominent farmers of Walnut and Mount Pleasant townships are directors: C. N. Faulcomer, C. W. Carson, E. H. Blodgett and Adam Ehart. There are over seventeen stockholders, all of whom are prosperous and well to do farmers, living in the vicinity of Potter. This bank has grown rapidly, both in prestige and strength since its organization, and its average net annual profits since its organization have been about $2,000.