Word: bankes
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
...your issue of Oct. 28th, p. 48, you note the merger of several Atlanta banks into the First National, and the merger in Worcester of three Massachusetts banks, but I believe you have thus far failed to note the recent merger of a number of North Carolina banks, a dozen or more, into the North Carolina Bank & Trust Co. with headquarters in Greensboro, Raleigh, Wilmington, High Point, Salisbury, Rocky Mount, Burlington. Former Governor Angus MacLean of North Carolina, a prime mover in the merger, is chairman of the board...
...Alfred Emanuel Smith, committed suicide with a revolver. For a whole day the news was suppressed lest a run on the County Trust develop. Ill health and mental derangement were given as the official reasons but stockmarket losses were suspected, admitted. Mr. Raskob was named acting chairman of the bank, which auditors quickly pronounced "in perfect condition...
...necessary to say squarely what one wants! If you believe that France is badly engaged, then disengage her. The Young Plan is bad? It violates the rights of France? Then tear it up, tear up The Hague Convention! . . . The International Bank [see p. 30] is bad? Suppress that too! . . . Keep French troops on the Rhine . . . Repulse the Government . . . and repulse...
These early troubles surmounted, Mr. Mitchell enjoyed many a successful year, during which, under his presidency. Na- tional City Bank became first a billion dollar, then a two billion dollar, institution. Within the past year, through its merger with Farmers' Loan and Trust (TIME, April 8) and the all-but-ratified merger with Corn Exchange Bank (TIME, Sept. 30) the Bank reiterated its position as greatest U. S. bank, became greatest world bank. Now Mr. Mitchell, who used to say that he was too poor to eat at Child's, instead, for reputation's sake, fed at expensive hotels, could...
...Then, last week, the proposed absorption of Corn Exchange Bank fell through. Merger terms permitted Corn Exchangers either to exchange their stock for National City on a four-fifths for one basis or to receive $360 a share each. When the Market crashed, Corn Exchange stock accompanied it, at one time reaching a low of $160 per share. Obviously Corn Exchangers would gladly take $360 a share for their stock; equally obvious was National City's reluctance to buy up the entire Cora Exchange capitalization at a point far above its market value. Therefore National City stockholders refused to ratify...