Business & Finance: Mergers: Jul. 23, 1928

Canadian Banks. With the approval of James Alexander Robb, Minister of Finance, the Canadian Bank of Commerce (deposits $450,000,000) absorbed the Standard Bank of Canada (deposits $75,000,000). The result is the eleventh largest bank in North America.* The hand that shaped the merger belongs to S. H. Logan, general manager of the Canadian Bank of Commerce. There are only 42 duplications of territory in the 811 branches of the two banks.

Toothpaste, Drugs. Kolynos Co. of New Haven, Conn., makes a creamy, cool-tasting toothpaste which is retailed in yellow tubes. Last week, American Home Products Corp. authorized an issue of 65,000...

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