Business & Finance: Crocker Expands

Large among San Francisco banks are Crocker First National, Crocker First Federal Trust Co. and American Trust Co. Last week these three institutions merged into one, became rival to Amadeo Peter Giannini's many-branched Bank of Italy. Resources of the merged companies will be more than $400,000,000; deposits more than $330,000,000.

Details of the consolidation have not been announced, except that William Henry Crocker will undoubtedly head the united banks. American Trust Co. has long been associated with the name of John Drum, but as Banker Drum's resignation as American Trust Co. president shortly preceded...

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