Word: branched
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Dates: during 1920-1929
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Investors' enthusiasm for Dedi was not shared by German bank clerks. The great Deutsche Bank operates branch offices in 174 cities, has 14,000 employes on its payroll. There are some 50 branches of the Disconto Gesellschaft, a personnel of 7,000. With the announcement of the new merger came news that nearly half of these branch offices would be closed, in the interest of economy, some 2,000 employes of the two banks discharged. Dedibank was more thoughtful of its bank directors. The complete boards of both of the merging banks will sit at the meetings of Dedi...
Carefully Banker Hazelwood saw to it that the controversy over banking methods could not escape the convention, arranged speeches that represented all possible views from the old-fashioned single, branchless unit to national group banking. At the convention Mr. Hazelwood, although known to be an enthusiast for branch banking, declined to discuss its merits and demerits, spoke on his favorite topic of bank management...
West: Washington v. Southern California at Seattle; California (Southern Branch) v. Stanford at Los Angeles; California v. Washington State at Berkeley...
Convinced of the advantages of group banking where the law prohibits branch banking, Mr. Rand acquired control of other institutions near Buffalo. For this purpose he formed the Marine Union Investors, Inc., then conceived of a super-holding company which would control banks throughout the country. Last week the super-holding company became an actuality. Banker Rand's Marine Union Investors, Inc., together with Stone & Webster and Blodget, Inc., White, Weld & Co., Schoellkopf, Hutton & Pomeroy, Inc., announced plans for the Marine Midland Corp., to be capitalized at approximately...
Founder Harris died in 1916. By that time N. W. Harris & Co. opened a Manhattan branch in 1890. This branch thrived under the direction of partner N. Wetmore Halsey* and later of partner Allen B. Forbes and became Harris, Forbes & Co. There are today Harris, Forbes & Co. branches in Boston, Montreal and London, the original N. W. Harris Co. survives in the Harris Trust & Savings Bank of Chicago. Mr. Forbes died in 1923, and Lloyd W. Smith, Harris, Forbes president since 1921, became also chairman...