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SENATE RESOLUTION NO. 1132
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WHEREAS, The Texas Senate is proud to honor the First State |
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Bank of New Braunfels for over 100 years of outstanding service |
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to the people of Central Texas; and |
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WHEREAS, The bank's predecessor, the Bank of Smithville, |
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was founded by local merchants John C. Yerger, his son-in-law |
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John W. Hill, and his grandson Yerger Hill and was established as |
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a privately owned institution 114 years ago in the front of the |
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family's hardware store; and |
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WHEREAS, Under the wise leadership of its founders, the |
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bank flourished and prospered and in 1902 entered into a |
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partnership, inviting other business leaders in the community to |
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become investors; and |
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WHEREAS, Throughout its ensuing history, the First State |
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Bank has demonstrated a lasting commitment to the prosperity and |
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civic health of the communities it serves; and |
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WHEREAS, During the Great Depression in the 1930s, the bank |
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assumed the deposits of the failed First National Bank of Smithville, |
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paying off depositors who otherwise would have been subject to |
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loss; and |
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WHEREAS, In addition, when a school finance bill was not |
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enacted by the legislature in time to pay local teachers' |
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salaries, the bank generously provided funds until state funding |
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was approved; and |
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WHEREAS, Over its proud and successful lifetime, the |
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First State Bank has proven itself a strong and stable financial |
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institution, and today it has more than 75 shareholders and |
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assets of more than $215 million; and |
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WHEREAS, With 80 staff members and a board of directors |
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including Yerger Hill III, Barry Williams, Doug Miller, |
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John Harrell, Earl Steinbach, Carroll Rable, and Ken Blaschke, |
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the bank is an integral part of Smithville, Bastrop, New Braunfels, |
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and Canyon Lake; and |
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WHEREAS, For 114 years the First State Bank has maintained |
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a vital role in Central Texas and has actively worked to improve |
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the quality of life for the citizens of this state; now, |
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therefore, be it |
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RESOLVED, That the Senate of the State of Texas, |
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80th Legislature, hereby commend the First State Bank of |
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New Braunfels for the important contributions it has made to |
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the community for over a century; and, be it further |
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RESOLVED, That a copy of this Resolution be prepared for |
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each of the members of the board as an expression of high regard |
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from the Texas Senate. |
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Hegar |
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________________________________ |
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President of the Senate |
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I hereby certify that the |
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above Resolution was adopted by |
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the Senate on May 24, 2007. |
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________________________________ |
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Secretary of the Senate |
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________________________________ |
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Member, Texas Senate |