Business & Finance: Mergers: Oct. 22, 1928

Railroads. The Van Sweringen brothers gained control of the Buffalo, Rochester & Pittsburgh Railway, on which Leonor Fresnel Loree (trying to make a fifth eastern railroad system) for a time had an option to buy.

Giannini Banks. As the bank of America (with headquarters at Los Angeles), Amadeo Peter Giannini's United Security Bank & Trust Co. of San Francisco and his Merchants National Trust & Savings Bank of Los Angeles are merging their 140 branches and $395,000,000 resources. This California Bank of America is distinct from the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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