The small local bank in the rural farming community of Du Pont, Indiana, has come up with a new idea to attract depositors and ??
TRANSCRIPT: BREEDEN: It looks like an ordinary small town bank... but you may not find its officers behind a desk..
That's bill Wildman...the bank's asst. Cashier. And behind him is the bank's new $6,000 hay baler...the latest bank service for its customers. Its designed to help the community's small farmers who can't afford balers of their own. The bank either rents the baler to the farmer...or if necessary ...bill will come do it for you. the bank's chief executive officer Kenneth Meek...apprehensive about the idea at first...is now its biggest booster.
(Syn. Some banks have give-a-ways... we try to help the community's farmers when they need it. (syn. Some banks have give-a-ways... we try to help the community's farmers when they need it. (Syn. The thing has been going great guns.)
The baler has been so busy that the bank's investment will be paid off in another two weeks...only half way through the hay season. The only complaints have come from kids cut out of summer jobs by the one man operation...but generally this ??? farming community seems sold on grassroots banking. This is Carl Breeden reporting from DUPONT, Indiana.
Carl Breeden, WAVE-TV
Script is copyright Reuters Limited. All rights reserved
Background: The small local bank in the rural farming community of Du Pont, Indiana, has come up with a new idea to attract depositors and ?? help local small farmers who cannot afford expensive machinery get their hay baled quickly and efficiently.
The bank purchased a hay baler for $6,000. It is the latest model that rolls up the hay in high and wide coil and drops it on its side in the hay field without the need for getting the hay to a barn for protection against the weather because the thick outside "skin" acts like a thatched roof, keeping the bulk of the hay dry.
If a farmer rents the baler but cannot operated it himself the bank in Du Point will send over an experienced vice president to take on the haying chore. Kenneth Meek, the bank cashier, say "we want to be agriculturally minded." So far the baler has baled 600 bales.