The Farmers and Merchants Bank, of Chetek, was established as a private bank in July, 1900, by K. Rosholt of Eau Claire, Wis., and was continued as such until Feb. 8, 1908, when it was incorporated as a state bank with a capital of $10,000, the first officers being: President, K. Rosholt; vice president, Mrs. Gusta Rosholt; cashier, Anton T. Galby. On Mr. Rosholt's death, in January, 1920, Mr. Galby succeeded him as president and is still serving in that office. At the same time, R. R. Rosholt became vice president and William R. Strong cashier, with M. Lesniewski and R. B. Andrews as assistant cashiers. In 1910, the capital was increased to $15,000. The bank has had a steady and satisfactory growth. The present deposits are about $500,000. On Jan. 1, 1921, the bank moved into its present building on the corner of Knapp and Second Streets. In this building, in addition to the bank are located the Abbott Drug Store and the postoffice.

--Taken from: History of Barron Co., Wisconsin, H. C. Cooper, Jr. & Co., 1922, pg. 539.

Donated by Vic Gulickson


 

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