BANK MERGERS,: Catching Up with the Rest of the U.S.

Never in U.S. history has there been such a rush of banks to merge. In 1955's first six months, no banks joined together, more than all of 1952's mergers. The urge to merge affected both big and little banks all around the nation. In Manhattan there have been four major mergers in the last year. In New Orleans the National Bank of Commerce is merging with the Louisiana Bank & Trust; in Columbia, S.C. the First National Bank merged with the Carolina National Bank to become the state's third largest; in Dallas the First National recently merged with the...

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!