Show OGDEN BANK r MERGER ERGER PLAN IS APPROVED New Officers and Directors Directors tors to Be Chosen Ch sen This Month Stockholders of t the Security Stale State hank bank and the Commercial National bank In separate meet meet- meetIngs Ings Inga Saturday ratified and con con- confirmed confIrmed firmed tinned the action of or the directors of the two institutions In entering Into an agreement calling calling- for the consolidation of ot the two banks The consolidation will become b come I effective August 1 and a new set seto I of o directors and officers will be chosen on or before July 30 30 Pres Pres- President PresIdent President ident Patrick Healy of ot the Com Corn Commercial CommercIal mercial National 1 bank announced d last night Although no name has been decided Upon tIpon for the new organ organ- organization the Commercial Security National bank has been suggested and may be adopted Mr Healy said The combined strength str of the theto two t banks will be Under present plans pians the Com Commercial om- om mercial National Bank Dank building will be remodeled during the early part of August This bank will viiI become the th home of ot the Joint or or- organization During During- the time lime the renovating reno Is being heinli done the Security State Slate bank will be used Jointly Thi Tha Th new home will be ready late In August It Is stated I Frank J. J J Stevens Is the dent of ot the Security State Slate bank |