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Show MERCER Of II SILT LAKE BANKS fcSam f' Apr!1 11 0n APr11 1G tho Utah State National bank, which s tho name under whlah thred combined com-bined financial Institutions of tho city will conduct business, will be open to patrons at the corner of First, South and Mniu streets, the quarters now 'occupied by the Utah National bank, j lesterday tho stockholders of tho Utah National hank voted an ln-I ln-I crease of capital stock from $300 -j 000 to COO,000, and adopted a resolution resolu-tion to change the name to tho Utah Stnto National bank. At tho same . time stockholders of the Utah Commercial Com-mercial & Savings, bank voted to dissolve dis-solve tho corporation In order to enter Oio new Institution, Heretofore the State Bank of Utah stockholders took similar action, and the threo concerns are now ready to put tho merger Into In-to practical effect. Under the arrangements made, shares in the new Institution amounting amount-ing to $300,000 will bo turned over ' to stockholders of tho Sidle Bank of Utah In trado fpr their old stock, j share (or share. Another resolution passed yestor-, yestor-, day "by stockholders of tho Uta'hNa- tional was one authorizing a board of directors for the new merged concern con-cern numbering twenty-one, making room on tho board for representations from the State Bank of Tisih and tho Utah Commercial & Savings bank, both of which Institutions go out of existence on April 15. Tho personnel person-nel of the directorate has not yet been fixed, that matter having been left to a lator date prior Id April 15, to be announced hereafter. In making tho change tho savings department of the State Bank of Utah is being turned ovor to Zion's Savings Bank & Trust company. Tho last-named last-named concern will have a close financial fi-nancial -working arrangement with the Utah Stale National banlc, forming form-ing one of the most powerful financial alliances in the west April 15 is to be Arbor day by proclamation of Governor Spry, and ! this being a legal holiday, tho time I will be utilized In willed to bring the State Bank of Utah and tho Utah i Commercial & Savings bank effects into the new Utah State National headquarters, which are undergoing enlargement and Improvement to accommodate ac-commodate the increased business and clerical force |
