Word: bankes
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Dates: during 1930-1939
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Vice President Peoples Bank & Trust...
...White territory. Putting this another way, the Whites declared that of Spain's 50 provinces they held last week 27 against 22 held by the Government. Because the world's fourth largest gold hoard, $400,000,000, is salted down in the vaults of Madrid's Bank of Spain, eminent Socialist Leader Indalecio Prieto boasted: "The Government will win because we have money, money and still more money!" With all Madrid newsorgans now in Government hands, substantial citizens of the capital read some strange bits under the familiar banner heads of what once were their favorite papers...
Last week acquisitive old "A. P.'' Giannini made his first foray into the State of Washington by purchasing some 51% of the stock of the $18,000,000 National Bank of Tacoma. Sellers were National's Chairman Samuel Morley Jackson and the estate of the late Chester Thorne. By amicable agreement, the great lumber family of Weyerhaeuser retains two directors' chairs on the board and local officers will stay in office. Presumably the Tacoma bank will become the centre of Trans america's incipient Washington network...
Strictly the Giannini system is not national branch banking, since each big bank confines its expansion to its own State. Transamerica functions not as a bank but as a holding company. Thus Transamerica keeps within the letter of the law of the 1935 Banking Act but cannot similarly invade most Eastern States where laws forbid State-wide branch banking. To unit (one-bank) bankers who violently oppose him as a financial monopolist, Banker Giannini says: "Under a unified banking system it will be possible to have the equivalent of an up-to-date central clearing house for the nation...
...crash caused on the West Coast. Last year the 68-year-old company had policies amounting to $636,000,000, assets of $215,000,000, ranked No. 19 in the U. S. insurance lineup. To West Coast insurance, old Pacific Mutual was virtually what Amadeo Peter Gianninrs Bank of America is to West Coast banking (see p. 51). Outside California it was licensed to do business in some 40 States, the District of Columbia and Hawaii...