-LanntMi'r Kwrmtnu. Snlurdny. July 4.1970
10
Commonwealth Bank Creates Farm Loan Subsidiary
(Continued fiom Page I)
national mom \ m.nkct and will
bl .1 Ullll l( foi plOVldltlg
scaur to tin agnnitui .il iom
nuinilv in the expansion of i.icil
Hum. puuh.isc of livestock .mcl
machine! y .iml consolidation of
debts "
Besides Buchei .incl Biechler.
ofTicei s of the new corpoi ation
aie Rodney E Millet. Robotl.l.
DeLancy Ji . and .John Silcox,
vice piesidents. C.eoige M
Lewis, sccietary and assistant
treasurer and John J Baker, as
sistant secietary.
Eleven dnectors. most of them
fai mei s o i agi t-businessmen,
aie -
Biechlei John D Cope. Mech
anicsbuig RD2 faim managei.
Amos H Funk. Millcsullc RDI
fat met, Spencei G Hall. Hains
bmg attomtv
Donald E Hom mu' p evident
of D E Horn & Co Inc. Voik.
Noah W K Cidei. Manhetm RD3
faunei Geotge L Moiuson Ji .
Commonwealth National Bank
piesident Hanisburg
Herman E StebDins. Yo k RDS
faim managei. Edwaid B Wag
man, owner of Monaich Pioducis
Company, Ymk, Harry Wallick,
executive vice piesident of the
York Division of Commonwealth
National Bank; and Paul B
Whipple, ci edit manager of
Miller & Bushong, Inc . Rohreis
town
A prepaied statement by
ißiechler on the new firm is in
full as follows
r
|fo (b €>
gives you
a big edge
outside.
The Super 717 forage harvester has
an extra-strong, reinforced cutter
head that keeps chopping in tough
est cutting conditions. It chops uni
formly fine to 3/16". Choose from
1-row, 2-row, standard or 2-row nar
row corn heads. Windrow pickup
and sickiebar attachments are also
available.
JL
nr I\EW HOLLAI\D
DIVISION OF SPERRY RAND
C. E. Wiley & Son, Inc.
101 S Lime St, Quarryville
786-2895
L. H. Brubaker A. B. C. Groff, Inc.
350 Strasburg Pike 110 S Railroad Ave.
Lancaster New Holland
397-5179 354-4191
In ont i.ipidlv expanding econ
otm. a, atillnu lii'l .is othc
ituhisitii' tmi«, “-ci'k moie and
mo'i moiuv to capitalize needed
exp.i.is.on and to finance mote
complex iciuipmcnl and facil
ities
Unlike othei industiies. agn
cull me does not lend to gcneiate
large cadi balances This differ
ence cieatcs a disadvantage in
competition foi funds fiom
banks
A icport of the FDIC for
1969 shows that agncultui.il
loans accounted foi only 2 8 per
cent of total loans of small m
suied commercial banks in Penn
sylvania, and only 9 per cent of
banks with total deposits of $25
to $lOO million
The Commonwealth National
Bank, in iccogmtion of the prob
lem and knowing the importance
of ngiieultuie in the five counties
in which the bank has blanches,
foimed a wholly owned sub
sidiaiy. Commonwealth National
Agn Loan Coip
The coipo’anon will piovide a
means ot access to the national
money maiket and will be staffed
by loan officeis who aie farm
loan specialists It is a vehicle
for pioviding better seivice to
the agncultuial community in
the expansion of facilities, pur
chase of livestock and machin
ery. and consolidation of debts.
The boaid of directors of the
Coipoiation wul! be composed
mostlv of pei sons actively en
gaged in farming or agri-busi
ness The directors, by their ac-
This
u big edge
inside...
«
L. H. Brubaker
Lititz RD3
626-7766
Officers of the Commonwealth Nation- er, Rodney E. Miller, David Hess, and
al Agri-Loan Corp. are: seated, left to John Silcox. Robert J. Delaney Jr. was ab
nght, Robert P. Bucher, John R. Biechler, sent for the photo,
and George M. Lewis, back, John P. Bak-
tive support and knowledge of
the agricultural community, will
contribute greatly to the success
of this new Corporation.
The Agri-Loan Corp will have
authorized capital of $1,000,000
and will issue $500,000 to start.
The authorized capital will pro
vide the ability to grant loans up
to about $5,000,000
LABOR SAVEIjt
"Systemafefl” by
DHj Dutchman.
* A DIVISION OF U. 5. INDUSTRIES INC.
’ vjll
The world's finest systemated equipment is at
BIG DUTCHMAN
215 Diller Ave., New Holland, Pa. 17557
Loans may be granted for any
purpose as long as the person or
corporation is actively engaged
in farming. The loans will be of
intermediate term of one to
seven years.
Loans for other terms will be
made to farmeis through the
regular loan facilities of the
Commonwealth National Bank
your Big Dutchman distributor now.
A Division of U.S. Industries, Inc
EASTERN BRANCH
WATERERS...
the “here's how” answer to all your
animal drinking requirements.
Our cup and nipple drinkers fit all
styles of cages. The complete variety
of Big Dutchman troughs are expertly
engineered for automatic flow control,
easy cleaning and maintenance free
service. All our waterers come
equipped with non roosting devices*
heavy duty suspension plates
>
and non-corrosive hanging cables.
For top watering efficiency install
the versatile and economical
Big Dutchman waterers.
Phone 354-5168
I," '
We are confident the Corpora
tion will fill the need for addi
tional funds for farm customers
in Cumberland, Dauphin, Lan
caster, Perry, and Lancaster
counties. The Corporation is ex
tremely fortunate to have ob
tained directors recognized as
agricultural leaders in the com
munity.