The American National Bank was organized with Lou Cardin as its Chairman and president in 1917. Chartered as the third bank in Baxter Springs and capitalized for $50, 000.00, the company was composed of R.I. Walker, W.T. Apple, L.L. Cardin, Dr. Boswell and others. The Bank purchased property at the corner of Military & River Streets (River is now 12th) and constructed a 50 foot 2 story building.
On October 25, 1917 the Baxter Springs News carried a story of the upcoming opening of the bank with the following information "indications are that on November 10th the American National Bank of this city will open its doors for business in its new quarters in one of the best buildings in the city of Baxter Springs." The story continues by describing the building "the first floor of the building consists of the banking room, a store and an office room. The office room will be occupied by the Western Union Telegraph Company." The article concludes with the following "even though the bank is not in a position to sell the second issue of the Liberty Bonds through an advertisement in today's issue of The News, it points out to the people the advantage and patriotism in buying Liberty Bonds.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
The drum of the realization of the promise is beating, we are sweeping the road to the sky. Your joy is here today, what remains for tomorrow? The armies of the day have chased the army of the night...
NMLS 1795154