Sacramento County
Biographies
MONFORT K. CROWELL
The conservative financial policy
exercised by the banking institutions of Sacramento laid the foundation for all
past prosperity as it will prove the stepping stone for all future growth.
Perhaps no concern has been more cautious in avoidance of speculative
investments or more sagacious in loans and certainly none has been more
successful in the management of a growing business than has the Farmers &
Mechanics Savings Bank, an institution that for almost a quarter of a century
has contributed to the business interests of the community, encouraged the
development of new industries, promoted the growth of old enterprises and
fostered among its depositors a spirit of saving a portion of their incomes in
order that the proverbial "rainy day" may not come upon them
unawares. The cashier of this influential institution is a native
Californian, devoted to the great west, loyal to the welfare of the
commonwealth and particularly interested in the fair valley that lies tributary
to the capital city. He matriculated in the University of California, class of
1906, and in June, 1910, became cashier of the Farmers & Mechanics Savings
Bank.
The bank whose
growth is largely due to the executive ability of its officers, has had the
good fortune to retain in the presidency George W. Peltier,
who also acts as vice-president of the California National Bank of Sacramento.
With characteristic energy and sagacious foresight the directors of this
institution have decided to erect, at a cost of $250,000, a bank and office
building on the corner of Oak avenue and Eighth street between J and K streets,
a location admirably adapted for their purpose as well as for the general
office uses to which it will be devoted. The structure will be equipped with every
modern convenience and will contain every improvement which the architecture of
the twentieth century can suggest.
Transcribed by Sally Kaleta.
Source: Willis,
William L., History of Sacramento County,
California, Page 811. Historic
Record Company,
© 2006 Sally Kaleta.