OCR Text |
Show PREPARE TO RATIFY MERGER OF BANKS Officers of the Utah Commercial & Savings bank have issued a notice to slockhojders for a meeting to be held April id. at 3 o'clock in tho afternoon, to vote upon a proposition to dissolve the corporation as a step preliminary to a merger with the State Bank of Utah. According to officials of the institution, institu-tion, there Is no doubt that the proposition propo-sition will carry. This will bring about a. coalition of tho Uta'o National bank, the Utah Commercial & Savings bank and the Stale Bank of Utah, all of which financial Institutions will go Into the quarters now occupied by the Utah National bank at the corner of Flrt South and Main streets. The combined capital stock, deposits, undivided profits and surplus of the three concerns named aggregate $6,800,000. They will operate under the title of tho Utah State National bank, unless another an-other name shall be decided upon previous pre-vious to active coalition In business. Between Be-tween this combined institution and Zlon's Savings Bank &. Trust company there is to bo a close working .arrangement, .arrange-ment, which will constitute a financial combination us strong as any existing between Denver and San Francisco. |