Show I 1 BANK FORMED t i BY AMERICAN AMERICANA EXPRESS EXPRESS- jo CO NEW YORK Dec 13 AP AP Vor- Vor matlon matton by by the American Express c com company ny of pf a new a-new new bank to b bo be k known as the American Express Dank Bank 1 and Trust Trtat company was an announced P au n noun oun e ed today It is expected u ted that tho the bank which will wilt Stave have a a A. pa paid lit la Id-la c capital of ot and and a nd reserves of of- will boia business b hero next nest AprIL Notice of intention was flied filed to to- to today day Y with tJ the tho o a state to superintendent of or banks Ar An t application will be made for tor a trust company charter under the tho l law w. w Tho The American Express company control ot of which was WU obtained 1 b by J t tho he Chase National tank basIc and Chase Chate Securities S t corporation lad lant Septem Septem- ber is engaged In an on international banking forwarding for and U traYs trawl business C Frederick 1 P. P Small president of of- of th the American Express ss com company nr In In announcing Ui tub formation of at the Uis' bank said J r It Its establishment is 14 a logical logical- development dC In the activities o of the the JJ company om any and Is made mude convenient convenient- by th the release during durin th this year car ot of I Ithe the large lu-ge capital investment nt which 1 tho the com company ny h hail had J Jn in t the tho a express s' s transportation b business t |