Fifth hour english and social studies class, Barneveld High School, Barneveld, WI / Barneveld community profile
Business & commerce, pp. -29 ff.
Barneveld State Bank Ted Arneson The Barneveld State Bank was organized June 1, 1896. The bank was started by a man who came from Jones Valley which is in our school district. It was a private bank named after him, Jerome J. Jones, and was operated on a sight near where the Masonic Hall is now located. Everything had been successful so they incorporated it as Barneveld State Bank in 1904. It was then built on the corner where it is now. Mr. Jones continued to operate it for 35 years. Then Ted Arneson's father joined the bank be- cause he had some training and helped run the adding machines. In 1940 Ted Arneson started to work at the bank with his father. That same year Mr. Jones sold the bank to the Arneson family and Ted Arneson has worked there ever since. Mr. Ted Arneson has been involved with the Barneveld State Bank for 31 years and has been president for 17 of those 31 years. He is a very active person in the community and has been so ever since high school. He grad- uated from Barneveld Public High Schools in 1940 as Valedictorien of his class. During school he was involved in basketball, class plays, chorus, band, school paper editor and other things. After high school he attended the University of Wisconsin from 1941-1943, and then went into the U.S. Army Corp of Engineers until 1946. He then went back to the U.W. until 1948 when he started working at the bank as cashier and director. Mr. Arneson also worked at the bank the summer of 1940-1941 and then part time until 1948 when he started full time. Mr. Arneson was elected president July 1, 1962. Mr. Arneson has many duties as president of the Barneveld State Bank. He conducts the monthly board meeting, checks to see that everyone does their jobs in the bank correctly and is part of the loan committee. His main responsibilities are to keep the bank assets and liabilities balanced by making investments. Everyday he watches the government bond market and invests the bank's money so that the bank can pay interest to their savers and make a profit to pay dividends to their stock broker. Mr. arneson usually is busy with the money markets in the morning or early afternoon because the markets close later in the afternoon. Last year, 1976, was the Barneveld State Bank's 80th Anniversary.
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