This Day in History: 1937-01-27
All of the officers of the Mahwah Building and Loan were reflected at their annual meeting. Chosen were Charles S. Hallenbeck, Howard F. Holman, Frank B. Scherer Elmer J. Snow and Albert Winter, all prominent men in the community long associated with the Building and Loan. The improved business climate was reflected that the association had been able to issue $26,196 in new loans during 1936 $16,700 in cancelled loans was applied to reducing the mortgages of several of the members.