Show eureka banking company succeed mccornick mck co articles of incorporation for the eureka backing company will be f fled led within the next week or ten len days this i ew company taking over the McCorn Mt CornIck lck co bank of this city 11 lie 1 0 principal stockholders of the new banking company will be W S Me mccornick Cornick NN walter alter fitch john dern b A whitney R L connelly Lon nelly and P F D kimball all except mr kitch itch and mi ill kimball being resi rest dents of salt lake city mr whit ney is cashier of mccornick co s bank of bait salt lake and mr connelly Is assistant cashier of the same bank the capitalization of the lureka banking company has been placed at 30 walter I 1 1 itch is president of the new corn coin pany and john dern vice pres ident I 1 D kimball will con dinue to act as cashier of the bank here and thomas mccormick will remain as assistant cashier five of the heaviest shareholders of the new company will act as directors bat the management of the bank will be left largely in the hands of 0 mr kimball who established the business here about fifteen years ago an and d who has been instrumental in putting the bank on such a firm financial footing W S mccornick of salt lake Is prevented by national banking laws from acting as an official of the new banking company new features of our rankings ban kings laws now prevent an official of a national bank from hold ing a similar position in other banks under the new banking laws of utah private banks are not permit ted beitl er is it possible t to 0 operate two banks under the same name it is thi new banking law that b has as ne a change in the local bank which is the last of the privately owned banks of the state to ancor borate the eureka banking co will sue aeed mccornick co on november 1st the business being handled pretty much the same as it has been in the past and the same strong in teresta will be back of the enter prise with tl ti e addition of two men mr fitch and mr dern both of whom are prominent in financial at af fairs of the state the many friends and patrons of the bank will be pleased to learn of mr fitch s con lection with the institution because no man in Is so well known and generally liked the I 1 local ocal bank will lose none of its pres prestige tige by the change as it will become stronger and better able to handle the banking business of tin tic and it will continue to be an im factor in the growth and de of the district |