Business & Finance: Des Moines Bank Merger

When half the banking resources of the commercial filter of the country's richest, most literate agricultural State become concentrated in one bank, that situation is significant. The State is Iowa—farm products $750,000,000 yearly, industrial products $800,000,000. The filter is Des Moines, population 151,900. The bank will be the lowa-Des Moines National Bank & Trust Co., resources $40,000,000, result of a merger (to be formally voted next week) which has more relative importance to the corn belt than the recent stupendous bank mergers in Manhattan, Chicago or San Francisco have to their districts....

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