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....

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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