From the Feb. 12, 1909 Jerico Springs Optic
A number of Jerico Springs and vicinity’s citizens met in the law office of attorney Hightower Wednesday afternoon and organized a new bank, the name of which is the Farmers State Bank of Jerico Springs. J. K. Peer was elected president and W. A. Carender, cashier . The board of directors consists of I. L. Arnold, Henry Willmann, JK. W. A. Carender and J. F Brown.
The stockholders are as follows: J. K. Peer, W. A. Carender , Mrs. L.C. Gates, J. H. Arnold, H. Willmann, William T. Long, Mrs. A. E. Grainger, Mrs. J. D. Eubanks. C. E. Jones, and J. F. Brown, I. L. Arnold , W. H. Haubein, Mrs. Carolyn York.
The new bank expects to open its doors for business about the 1st of April. The bank is incorporated institution with a paid-up capital of $10,000. The president of the institution needs no introduction to the readers of the Optic. His home has been in our midst since the town has been here and his business interests have always been in Jerico Springs. Mr. Carender, the cashier, was formerly a member of the firm of Carender and Gates and has made many friends throughout the country. While there has been no place decided on for a banking house, it is likely that the new bank will open up in the bank building in the Gates block.
The stockholders are all residents of Jerico Springs and community and need no introduction to our readers with, possibly, the exception of Mrs. J. D. Eubanks, sister of Mrs. L. C. Gates. Mrs. Eubanks was an extensive land and cattle owner in Texas and came here recently to reside with Mrs. Gates.
Jerico Springs on parade 