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Show Merger date finalized for Local Bank The final date of the merger of American Bank of Commerce in Cedar, with Walker Bank was announced an-nounced Monday. In a joint announcement an-nouncement by American Bank of Commerce President Calvin Carter, and Walker Bank President, M. D. Borthick, March 8, 1978 was confirmed con-firmed as the official merger date. "Following the go-ahead from the Federal Reserve, we can now complete com-plete the anticipated merger of A. B .C. into the Walker Bank organization," stated Mr. Carter. "We have waited for several weeks to get this final word from the Federal Reserve, and now our waiting is over," Carter added. "We at A. B.C. would like to thank the many people here in this area that have given such good support to the bank, and we want them to know that we are proud of the contribution to southern Utah that we have been able to make over the past few years," said Carter. Mr. Borthick, speaking for Walker Bank stated, "The merger of American Bank of Commerce will mean many benefits to southern Utah residents and businesses, and some expanded services that Walker Bank can offer its customers." Officials from both banks indicated that although the name of American Bank of Commerce would be changed to Walker Bank, the current staff at A. B.C. would be retained by Walker Bank. I |