Business & Finance: Banks

New drops added last week to the wave of bank mergers:

Northwest Bancorporation acquired six new banks. Total banks in the group became 76, with combined resources of more than $440,000,000. Capital stock of Northwest Bancorporation will be increased from $75,000,000 to $300,000,000 and 150,000 shares offered to stockholders.

Wisconsin Bankshares Corp. was planned as a $350,000,000 holding company to combat outside bank chains desiring institutions in the Milwaukee trade territory.

Fidelity Trust Co., Manhattan, arranged for a merger with the Continental Bank, founded in 1870 and known as "the brokers' bank." Combined resources will...

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