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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