Business: Bank Convention

The American Bankers Association last week withdrew its old, vociferous objection to branchbanking and thereby partially relieved itself of a false front.

During the past decade there has been one trend in U. S. banking more pronounced than all others combined: the trend to merge, to branch, to group, all of which is essentially one trend, and all of which is exactly and naturally parallel to the developments in U. S. industry, commerce, society (FORTUNE, February). But Federal laws have opposed this trend and so, verbally, has...

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