Word: eccleses
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TRANSAMERICA CORP., already giving Banker Marriner Eccles and his First Security Corp. tough competition in Idaho and Utah (TIME, Feb. 13), is invading Montana. For $2,200,000, Transamerica, which once controlled the Bank of America, bought Great Falls' Montana Bank, is reportedly out for four or five more...
When California's mammoth Transamerica holding company sold the last of its interest in Bank of America in 1952, no one was more gratified than tart-tongued Marriner S. Eccles. As chairman of the Federal Reserve Board, Eccles had pushed divorce for nearly ten years. Eccles' family'...
Transamerica, which already owns banks in California, Oregon, Washington, Nevada, Arizona and New Mexico, pushed into Idaho and Utah in a race against time. Most bankers expect sales of independent banks to out-of-state holding companies to be banned under legislation now pending in Congress. However, said Frank N...
Last month, however, Transamerica nudged into Eccles' backyard; it bought three banks and four branches (for about $2,000,000) in Idaho from Walter E. Cosgriff, longtime Eccles rival and onetime RFC director. Last week Transamerica went onto the doorstep; it agreed to buy Salt Lake City's...
BANKING BATTLE is shaping up between Transamerica Corp., which once controlled the giant Bank of America, and onetime Federal Reserve Chairman Marriner Eccles' First Security Corp. of Salt Lake City (resources: $400 million). To give Eccles some competition, Transamerica has spent an estimated $2,000,000 for three banks...