Word: bankes
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Dates: during 1920-1929
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Died. Daniel Kelleher, 65, of Seattle, board chairman of the Seattle National Bank, president of the Bank for Savings (Seattle); of a heart attack; in Seattle...
...Wall Street itself stirred uneasily. The early week market recovery proved to be largely whistling in the graveyard. As the week wore on and the tombstones stood out more clearly in the gathering darkness, the speculators stopped whistling and started to run. Directors of the New York Federal Reserve Bank held a lengthy and private meeting, after which, however, no change was announced in the rediscount rate...
...last week groups of workingmen, mostly Italians, stood at the corner of 109th street and Second avenue, Manhattan, gazing across the street at the windows of the City Trust Co. They wondered what, if anything, their bankbooks might be worth. On the windows were posted notices that the state banking department had taken possession of the bank. Back of the closed doors bank examiners checked books and investments and balances. Perhaps the bank was "broke...
...bank examiners issued no premature estimate of possible losses. City Trust Co., with its main offices and four branches, had deposits of $7,300,000. Its president, F. M. Ferrari, had died Feb. 2. There followed rumors of bad investments, of unsound conditions. It will be months before definite announcement of settlement will be made. Meanwhile depositors have only the comfort of knowing that their demands will be satisfied before those of stockholders...
General interest in the City Trust closure resulted from the fact that Dr. Attilio H. Giannini had succeeded Mr. Ferrari as the bank's president. Dr. Attilio H. Giannini is a brother of Amadeo Peter Giannini, famed Bancitaly Corp. man. Dr. Giannini is also board chairman of the Bank of America, National Association, which Bancitaly Corp. dominates. But there was no suggestion that the City Trust's disgrace was a Giannini disgrace, because Dr. Giannini had been connected with the bank for only a few weeks, and because he could show that he accepted the office only...