Business & Finance: Mergers: Jan. 28, 1929

Banks. During 1928 the Bank of United States (Manhattan) accumulated by merger the following: Central Mercantile Bank & Trust Co. (six branches), Cosmopolitan Bank (four units), City Financial Corp. Last week it bought stock control of the Colonial Bank (16 branches), bringing its total resources to $260,000,000, its chain to 36 banking units.

The Mercantile Trust Co. and the National Bank of Commerce, both in St. Louis, made dickers last week, preliminary to a consolidation. Effected, the merger would form a bank, as large, perhaps larger, than the present "biggest" First National Bank...

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!