What Stocktonites Were Doing 98 Years Ago
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A business deal was perfected Tuesday morning whereby M. L. Breon disposed of his controlling interest in the Citizens State Bank to W. H. Tanzey and thus brought about another change that will be told later. Mr. Breon came to Stockton in November 1921 and took over the Citizens Bank at that time when its condition was a critical point and, in the course of his stay here, has gradually brought that institution to a firm basis. His determination to enter a larger business field brought about his desire to sell the bank’s interests. Mr. Tanzey is a familiar individual to this financial institution, having served as a cashier from January 1918 to spring 1921, then known as the Farmers State Bank. His banking ability at that time was recognized as superior and, without question, will now carefully guard the destiny of the facility. Ivan L. Perkins will remain with the bank as a cashier. In the transaction and as part of consideration, Mr. Breon receives the building occupied by the Stockton Motors Company, formerly conducted by Mr. Tanzey. Mr. Breon has yet to determine as to future matters. However, he and his estimable family expect to leave Stockton in a few days. Before entering a deal for the Citizens Bank, W. H. Tanzey sold his Stockton Motors concern to Ralph C. Elliott, former county treasurer. In this transaction, Mr. Elliott takes over the Chevrolet agency, all accessory stock, and the filling station, taking immediate possession. Mr. Tanzey reserves the implement and repair part department.