Business & Finance: More Mergers: Jan. 9, 1928

Popularly, consolidation and merger are synonymous with each other and with amalgamation, combination and absorption. They all represent the idea of fusion of property, ownership or management of business concerns.

The idea in action last week:

Milwaukee Banks. First Wisconsin National Bank absorbs the American National Bank. It also controls as a subsidiary the First Wisconsin Trust Co. and so will control $135,000,000 assets.

Detroit Banks. People's Wayne County Bank is the consolidation name of People's State Bank and Wayne County & Home Savings Bank; total resources $290,000,000.

Public Utilities. Although no official discussions...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!