In this installment of "This is your bank," Dr. Willis Dunbar profiles First National Bank. He describes in detail the various services provided, how vital it is as an institution, and values their resources at 15 million dollars. He states that it has three primary jobs starting with keeping our money safe. Its second job is to use that money promote the growth and expansion of industry and agriculture in the Kalamazoo area, fund homes, and to share in the financing of the government. The third job, he continues, is to provide a medium of exchange. Dunbar asks Garrett Beekman, assistant cashier of the bank, to explain how the vault operates and Vern Weatherbee, Vice President of the bank, shares the process for borrowing money. Floyd Roethlisberger, manager of the savings department, describes a day in the life of a teller. Willis Dunbar argues that while older banks gave the illusion of security through architecture, the layout of modern banks focus on servicing the customer.
Read
