Word: paule
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Dates: during 1920-1929
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...chain-banking movement in the Twin Cities was started by Northwestern National Bank of Minneapolis which formed the $75,000,000 Northwest Bank Corp. and began picking up banks in the vicinity. Among its attempted acquisitions was First National Bank of Minneapolis. First National Bank of St. Paul, not intending to be left in the cold, started its own chain last spring, united 17 banks under one holding company. Last week's union swallowed up the First National of St. Paul's first effort, added 20 more banks, united all in a holding company headed jointly by the First Nationals...
...roster of famed self-made business brothers: the two Brothers Behn (Col. Sosthenes and Hernand) masters of I. T. & T.; the two Brothers Giannini (Amadeo Peter and Attilio H.) bankers; the two Brothers Rentschler (Frederick B. and Gordon Sohn) in aviation and aviation financing; the three brothers Starrett (Paul, William Aiken, Ralph) and the two Brothers Chanin (Irwin S. and Henry I.), builders all; the two Brothers Van Sweringen (Mantis James and Oris Paxton). railroaders; the seven Brothers Fisher (Charles T., Fred J., Lawrence P., Edward P., William A., Albert J., Howard), whose bodies are famous; the three Brothers Warner...
...banks in Minnesota, North and South Dakota and Montana,?37 banks with over $350.000,000 of assets?were the strawstack at which the Northwest cocked an admiring eye. For the 3 7 banks were united in a great bank chain, headed by the First National banks of St. Paul and Minneapolis...
...holding company, called First Bank Stock Corp., is designed to tie the banks of Minneapolis and St. Paul into the financial structure of the mining industries of the Northwest. Of its $250,000,000 capital stock some $70,000,000 is being issued in exchange for the controlling interest in the 37 banks. The remainder will be used for future expansion...
...city amalgamation is this chain. The list of its officers and directors is enough to show that the financial and business interests of a great part of the Northwest are united in it. President is George Harrison Prince, head of First National of St. Paul, native of Amherst, Mass., but acquainted with northwestern banking from the ground up. Now 68, he has spent 50 years of his life in the small and large banks of Minnesota. Vice President is Lyman Wakefield, head of First National of Minneapolis. The list of directors, incomplete last week, is to include the presidents...