Bosque County: Land and People (A History of Bosque County, Texas) Page: 20
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January 16, 1909, to join forces with the
Clifton State Bank.
Both Mr. Jenson and Mr. Parks played
vital roles in the success of the Clifton State
Bank and later its successor, the Farmers
State Bank, during many years to follow.
Lack of space prevents the full revelation
of the changes that took place in Clifton's
banking community throughout the years.
However, because of state banking regula-
tions instituted in 1911 pertaining to guaran-
teed depositor insurance the First National
Bank was liquidated; the same group secured
a state charter under the name of the First
Security State Bank and assumed the assets
and liabilities of the former First National
Six days later-January 5, 1911-the same
maneuver was followed by the group to
purchase the assets of the Clifton State Bank
and to begin banking under the name of
Farmers Guaranty State Bank.
It was then that Mr. Jenson and Mr. Parks
bought out all of the stockholders who
wanted to sell because the country was going
into its fourth year of depression.
When on March 25, 1925, the State of
Texas guaranty fund was dropped, the
Farmers Guaranty State Bank became
known as the Farmers State Bank. Approxi-
mately on the same date in 1925 the First
Guaranty State Bank returned to its original
name, First National Bank, and, as pointed
out earlier, merged with the Farmers State
Bank on the first day of 1930.
For the next 50 years there was no name
alteration for the Farmers State Bank.
However, it did become Clifton Bank when
it built its new building and moved to its
present location in January, 1973.
It was in July, 1977, with Robert B. Lane,
a grandson of Tom C. Parks, as its board
chairman and president, that Clifton Bank
merged with First Bancorp, Inc., Corsicana,
at which time it retained its same name. After
First Bancorp affiliated in 1980 with Inter-
First, Dallas, the name of Clifton Bank in
1982 became InterFirst Bank, Clifton.
Current officers of InterFirst Bank, Clif-
ton, are John B. Stroud, president; Wendell
Bearden, executive vice-president, Shelby L.
Richardson, senior vice-president; Ken Bau-
com, vice-president; Kent Patterson, cashier
and vice-president; and Mrs. Melvin Kleine,
Mrs. J.M. Finstad, Mrs. Gerald R. Baker,
Mrs. E.J. Belvin, and Mrs. Gil Parks, assis-
Members of the Board of Directors are
Hulen C. Aars, senior chairman, Victor
Conrad, chairman, Wendell Bearden, T.F.
Crawford, J.B. Darden, Jr., Dr. Donald A.
Gloff, W.O. Gloff, Dr. V.D. Goodall, Edgar R.
Keeling, Tom G. Parks, Gerald 0. Sormrude,
and John B. Stroud, Shelby L. Richardson
acts as board secretary.
Having served the longest terms as presi-
dent of this Clifton Bank have been J.M.
Jenson, Tom C. Parks, and Hulen C. Aars.
Total InterFirst Bank, Clifton, deposits, as
of March 31, 1984, were $58,263,794.00.
It was on June 14, 1984, that the Clifton
National Bank was opened for business in a
new building consisting of 5,400 square feet
constructed upon a 3.7-acre tract of land at
the intersection of North Highway 6 with
With the opening of that bank it was the
first time in 54 years that Clifton has been
served by more than one bank.
Early-day drug store (present Corner Drug)
Mermaid Swimming Pool
Cafe-L.T. Torrence and J.T.
Carpenter Bros. Drug Store
S } ,
Windham and Miller Grocery-circa 1920
Charlie's Cafe (1932)-Ella and Charlie Schmidt,
Gladys Wiede, Frances Wiede, Ole Seljos
Santa Fe Depot
Dr. Burton Carpenter, circa 1917
City Hall-site of many activities
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Bosque County History Book Committee. Bosque County: Land and People (A History of Bosque County, Texas), book, 1985; Dallas, Texas. (texashistory.unt.edu/ark:/67531/metapth91038/m1/36/?q=campbell: accessed December 14, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Denton Public Library.