Business & Finance: Small Banks' Victory

The small town banker won a complete victory in the recent fight against branch banking, and evidently he intends to press his success to the limit.

The first step in the effort to prohibit banks from establishing branches was taken in connection with only national banks; by a ruling of the Attorney General new branches were forbidden, although most existing branches, especially in New York City, were left undisturbed. The national banks, however, protested that competing banks organized under the state laws could maintain branches, and that the national banks were thereby put...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!