History of Westchester County, New York, Vol. II
The school at present ranks as high as any in the state. It is rated in class A and belongs to the North Central Association of Secondary Schools and College.
Banks
The first bank in Bridgeport was the Bridgeport Bank, organized in 1900 with J. W. Wehn as president, J. O. Baker as vice-president and C. H. Connett as cashier. The next bank was the Valley State, organized in 1902. These two banks ran along together for quite a space of vears.
In 1901 Mr. Connett resigned and Mark Spanogle succeeded him as cashier. Then Mr. Baker disposed of his interest in 1904 and Mr. Spanogle became a member of the board of directors. Under the direction of these officials the bank continued until February 3, 1909, when Mr. Wehn resigned the position of president and J. H. Wehn retired from the position of assistant cashier. On that date a reorganization of the bank was effected, and the capital stock was increased to $15,000. A new board of directors was chosen as follows: Fred Lindberg, Mark Spanogle and Clyde Spanogle, and the new officers were : Fred R. Lindberg, president ; L. P. Lindberg. vice-president ; Mark Spanogle, cashier; Clyde Spanogle, assistant cashier.
In 1910 the officers of these banks were: Bridgeport Bank : Fred R. Lindberg, president ; L. P. Lindberg ; Mark Spanogle, cashier; and Clyde Spanogle. At that time this bank had a paid up capital of $15,000, surplus and profits $5,000. deposits $120,000. Statements which not only reflect the steady and healthy growth of this institution, but also indicates similar progressive development of the community may be gained by compairing the statements of May 16, 1914, with that of February 14, 1920.