Business & Finance: Index: Dec. 31, 1928

Bank Mergers. Fast-growing, the Manufacturer's Trust Co., 139 Broadway, last week absorbed two other Manhattan banks, became fifth largest of New York trust companies, acquired position among the ten largest U. S. financial institutions. The banks merged were Interstate Trust Co., formed in 1926 by onetime (1923-26) Governor George S. Silzer of New Jersey and State Bank and Trust Co., headed by Harold G. Richard. Resources of the combined banks are $531,000,000.

Manufacturers' Trust was formed in 1905 as Citizens' Trust Co. of Brooklyn (capital $500,000). Under the leadership of Founder Nathan S....

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