History of Westchester County, New York, Vol. II
The present officials of the State Bank are : H. C. Peterson, president; M. P. Jensen, and C. M. Empson, vice-presidents ; and E. C. Peterson, cashier.
The Peoples Bank, with a capital of $15,000, was organized in 1917, with L. P. Sorenson, president, and J. W. Knox, cashier. In 1919, the Deuel County Bank was also established, with E. C. Wolf as president ; H. R. Isenberger, vice president; G. S. LaSelle, cashier; and J. O. Rusho, assistant cashier. It started with a capital of $25,000 but bought the Peoples Bank in 1920 and consolidated the two institutions. At the present time, 1921, the Deuel County Bank has a capital of $50,000 and surplus of $10,000. The same officers direct its destinies, assisted on the directorate by Faithful Adamson and Henry Adamson. The father of E. C. Wolf, the president of the Deuel County Bank, came to Chapped as a section boss in the late seventies, and Ed and his brother Frank, as told in an earlier part of this history, received their early educational instruction at the school of John O'Neil, in a box car which was used for the station at the railroad in Chappell. Later the Wolfs developed a ranch northwest of Chappell and so near as will ever be determined, Trapper's Rock, where one of the tragedies of long ago occurred, is situated on the Wrolf property. This incident is related in the first part of the blanket history of the Panhandle, in that division devoted to fur traders and trappers.