The Archive · 1929

American Bank Consolidation

National City and Corn Exchange Banks to Amalgamate We are informed by the local' branch of the National City Bank of New York that Mr. C. E. Mithell, chairman of the National City Bank of New York, and Mr. W. E. Frew, chairman of the Corn Exchange Bank & Trust Ca,, announce. that the directors of the respective institutions have approved the con:

idation of the two institations subject to the approval of] both bodies of stockholders on the basis of four fifths share National City Bank of New York for one share-Corn Exchange Bank & Trust} Company stock. This consolidation gives the National City Bank of New York more than one hundred branches in the greater city of New York and means a wide extension of services of the National City Bank. of New York, the Na-City Company and the City Bank Farmers Trast Company.

Text read from the printed page and cleaned; old type leaves the occasional error.

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