Foreign Language Press Service

Schiff and Company Officially a State Bank

Daily Jewish Courier, Dec. 16, 1913

The popular West Side Bank of Schiff and Co. is now officially a State Bank, under the auspices of the State.

Mr. Benjamin J. Schiff president, and Mr. Sam S. Shuster, cashier, yesterday handed the State Auditor the sum of a quarter of a million dollars, as the capital and surplus of their bank. At receipt of this amount, the State Auditor issued a certificate in which it is stated that the Schiff and Co. Bank is under the supervision of the State and will be known as the Schiff and Co. State Bank.

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