OCR Text |
Show Two Hanks Given Merger Charter Charters granting permission to merge banks at Duchesne and at Roosevelt into the Commercial Bank o'f Utah system were issued Monday by Roy W. Simmons, the state bank commissioner. Addition of the Two Uintah Basin Ba-sin banks brings the firm of P. P. Thomas, with the home office at Spanish Fork, to seven banking institutions. First merger was in 1948, when the Spanish Fork, Delta, Nephi, Heber and Payson banks were consolidated. Capitalization of the seven banks is set at approximately $15,000,-000.00. |