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Farmers-Merchants Bank

The Farmers-Merchants Bank of Paxton was founded on March 14, 1914, by E. D. Given with total assets at that time were $26,857.80.

Following is a slate of the officers and directors in 1914: E. D. Given, President; H. E. Duffield, Cashier; E. E. Hester; W. E. Kenney; William Perdue, Vice President; Philip J. Larson; Alfred Lindquist.

On April 7, 1942, the bank was converted into a national bank and the name changed to Farmers-Merchants National Bank of Paxton.

In August of 1960, the interior of the bank was completely remodeled, and installed a Walk-up Window to accommodate customers after regular business hours. 

In 1963, the bank's assets totaled $5,122,225.99, and the following officers served: Carl C. Shebly, President; W. F. Judkins, Chairman of the Board; Ralph R. Hudachek, Exec. Vice President and Cashier; W. R. Watts, Vice President; Leonard Lindquist, Vice President; Lorene Ostrom, Assistant Cashier; Verna Shilts, Assistant Cashier; Nettie Taylor, Assistant Cashier.

 

In 1972 the bank moved to its present location on the corner of Pells & Taft.  Since the bank moved, this location has been used as a Deli and currently the Chinese restaurant.

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