Business: Personnel: Apr. 24, 1933

Albert P. Imahorn, 36, manager of the New Orleans division of the R. F. C., was elected president of New Orleans' newly formed Hibernia National Bank, successor of Hibernia Bank & Trust Co. (saved once in February by a special one-day bank holiday, it was not able to open wide after the big bank holiday). Some $1,500,000 of R. F. C. money matched by an equal amount in stock subscriptions launched the new bank. It will be a national not a state bank like its predecessor. Thereby Hibernia will get out from under control...

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