Word: bankes
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Dates: during 1920-1929
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...This price would be the equivalent of about 57 1/2 a pound as compared to last week's National Metal Exchange (Manhattan) quotations of around 45?. The one million pound capital of British-American Corp. will be privately subscribed, subscribers including Sir Hugo Cunliffe-Owen, Director of Midland Bank (world's largest), Sir John Mullins, whose brokerage firm floats loans for the British Government and the Bank of England, John Howeson, Chairman of Anglo-Oriental Mining Corp., Señior Don Carlos Aramayo, Bolivian Minister to England* and head of Compagnie Aramayo de Mines en Bolivia, great Bolivian...
When, last March, Elisha Walker's Blair & Co. merged with Amadeo Peter Giannini's Bank of America, N. A. (TIME, April 1), the union was generally interpreted as a combination of Giannini resources with Blair & Co. personnel. When, last month (TIME, June 3), Banker Giannini announced that his 60th birthday (1870-1930) would mark his retirement, evident became Elisha Walker's position as Heir Apparent. Thus last week's amalgamation of Bank of America, N. A., with Chatham and Phenix National Bank and Trust Co. might well have been regarded as First Result of Blair...
Potent was the bank of America-Chatham-Phenix consolidation. It created Fourth Largest Manhattan Bank (after National City, Guaranty Trust, Chase-National Park). Combined capital of the two banks is $38,500,000; combined surplus and undivided profits are $53,082,662 ; combined total resources...
History of the two companies goes back to 1812, when both Bank of America and Phenix National were founded. During its entire 117 years of business life, Bank of America has not budged from its Wall-and-William-Streets site, though its present building was erected in 1926. Amadeo Peter Giannini acquired control (from Ralph Jonas and Associates in Financial & Industrial Securities Corp.) in 1928, added to it two smaller Giannini banks and the N. A. (National Association) portion of its name. The Phenix Bank merged with Chatham National (founded 1850) in 1911, added other banks...
...merged Bank of America and Chatham-Phenix institution will be presided over by President Louis G. Kaufman of Chatham-Phenix. Amadeo Peter Giannini will probably become Board Chairman. Elisha Walker will head the investment affiliate. It is expected that two Brooklyn banks-Traders' National and Nassau National will soon join the Bank of America family. Because news of the merger leaked out prematurely, and because merged banks are hard to christen, no name for the new institution had been chosen last week...