HISTORIES: "Normanna Savings Bank" of Barron, Barron County, WI ==================================================================== USGENWEB NOTICE: In keeping with our policy of providing free information on the Internet, data may be used by non-commercial entities, as long as this message remains on all copied material. These electronic pages may NOT be reproduced in any format for profit or for presentation by other persons or organizations. Persons or organizations desiring to use this material for purposes other than stated above must obtain the written consent of the file contributor, or the legal representative of the contributor, and contact the listed USGenWeb archivist with proof of this consent. The submitter has given permission to the USGenWeb Archives to store the file permanently for free access. This file was contributed for use in the USGenWeb Archives by: Linda Mott 28 June 2000 ==================================================================== Normanna Savings Bank The Normanna Savings Bank was established January 4, 1894, and opened for business on this date. The founders were these five men; N.M. Rockman of Barron; P.A. Moe of Chetek; J.A. Anderson of Dallas; Knudt Espeseth of Dallas; and Nels Johnson of Chippewa Falls. The location was on the north side of LaSalle Ave. between Fourth and Fifth Streets. Mr. Anderson and Mr. Espeseth decided to withdraw after a short time. The other three were owners for some time and then Mr. Johnson sold his interest to the other two. Mr. Rockman owned the building on the northwest corner of LaSalle and Fourth Streets. In 1902, the bank was moved to that location. On July 15, 1903, the bank was incorporated as a state bank. The officers were: P.A. Moe, president; G.I. Moe, vice president; N.M. Rockman, cashier; Elmer A. Rockman, assistant cashier. On January 1, 1909, Julius C. Rockman became cashier and his father, N.M. Rockman, became vice president. In 1922, the bank officers were: P.A. Moe, president; N.M. Rockman, vice president; Julius C. Rockman, cashier; Morris B. Johnson was teller and Arthur Mors was bookkeeper. Helga Nelson was stenographer. In 1903, the capital stock was $6,000.00. On January 1, 1908, this was increased to $12,000.00. On March 10, 1922, the total resources of this bank were $336,138.84. In 1922, the directors were: P.A. Moe, G.L. Moe, N.M. Rockman and J.C. Rockman. In 1924, M.B. Johnson was elected assistant cashier. In 1926, the capital stock was increased from $12,000 to $30,000. The bank purchased the building from N.M. Rockman in 1926. On January 1, 1926, N.M. Rockman resigned from the office of vice president. In March, 1926, the directors were as follows: P.A. Moe, N.M. Rockman, J.C. Rockman, F.S. Woodward and M.B. Johnson. The officers were: P.A. Moe, president; F.S. Woodward, vice president; J.C. Rockman, cashier; M.B. Johnson, assistant cashier. N.M. Rockman died in July, 1926. On January 17, 1937, the Normanna Savings Bank and the Bank of Barron were consolidated. J.C. Rockman became president of this consolidated bank. He had started working as a regular employee of the Normanna Savings Bank way back in 1904. --From the Souvenir Historical Album of the Barron Centennial-1960 (used by permission)