Newtown State Bank - Fountain Businesses

Officers of the Newtown State Bank elected the following directors: JR Campbell, president; AT Galloway, Vice President; H. S. Shultz, Lawrence McKinney and JH Quigle.  Mr. Quigle was elected to fill the vacancy of Mills Gray who died last year. DB Gray was re-elected cashier and Miss Ruth Aydelotte and Mrs. Sewell Witt, assistant cashiers.

Source: Lafayette Journal and Courier 17 Nov 1954 p 3

Newtown – The transfer of the Newtown State Bank to the ownership of the Central National Bank and Trust Company of Attica has been completed. The purchase also includes the present bank building which was construction in 1904.  It will operate with the same personnel, which will include Stuart McKnight, Miss Ruth Aydelotte and Mrs. Sewell Witt. The 50th anniversary of the founding of the bank was celebrated this month. However in incorporation the local state bank into a National bank with a larger capital structure, the credit needs of the community will be better served. Four presidents have served the local institution.  They are: Horace Gray, Herbert Campbell, WV Stanfield (all deceased) and J.R. Campbell the present president who began his presidency in 1938. It was under his presidency in 1946 that it was made a state bank from a private bank.  There also have been four cashiers: Edward Harris, Chalmer Shultz, DB Gray and Stuart McKnight. It will be known as the Newtown Branch of the Central National Bank and Trust Co. of Attica and this will appear on the checks.