The Montgomery advertiser., 1905-12-31
An Important Merger is
 COnSummaled.
DEAL IS PUT THROUGH
Increases Capital of Growing
 Financial Institution.
President Reynolds Announces Com- pIetion of Transaction of Vast Importance to the Business
 Welfare of Montgomery.

@The Fourth National Bank of Mont gomery has purchased the American National Bank of this city. and in the future the business of the American National Bank will be done at the banking house of the Fourth National Bank on Commerce Street
 There will be no change in the off, cers of the Fourth National Bank. President Thomas J. Reynolds, Cashier W. H. Hubbard and Assistant Cashier A. J. Jones will be in charge of the affairs of the Fourth National Bank as they have been in the past. The clerical force of the Fourth National will remain practically the same, with the exception that Messrs. A. L. Tyson and W. l.. Anderson who have been members of the clerical force of the American National Bank will hereafter assist in the conduct of the affairs of the Fourth National. For the present at least there will be no change in ''.e- directorate of the Fourth National Bank.
 Will Pay All Checks.
 The change, that is the purchase ot the American National by the Fourth National, goes into immediate effect. Beginning Monday all business which would have been transacted by the American National Bank will be trans acted by the Fourth National Bank, which means, of course, that all checks properly drawn upon the American Ma tional will be paid at the Fourth Ma tionaI This important change in the financial institutions of Montgomery, announced last night. means simply that the business of the two banks will. be done by the larger institution, and that the larger institution will be fur tiler increased by tho capital stock and the deposits of the American National. a The announcement that the Fourth National Bank has bought and absorb ed the American National Bank docs not come in the nature of n surprise to the commercial and financial cir cles of Montgomery. Rumors of such a purchase have been afioat since a time soon after the death of the late William Berney. the founder and the President of the American National Bank and one of the best known bank CTS of the city. The rumor was per sistent that the larger institution, the Fourth National Bank. would absorb the smaller. The formal announcement was not made, however. officially until last night. when the necessary details of the acquisition of the American Ma tional by the Fourth National had been completed. The official announce ment was made by President Thomas ]. Reynolds of the Fourth National
 statement of Mir. Reynolds.
 The Fourth National Bank" said Mfr. Reynolds, has purchased the American National Bank The busi- ness which would have been done by the latter bank will be done by the Fourth National Bank. There will he no change in the officers of the Fourth National Bank. Its business will he transacted in the future as it has been transacted in the past. There will, however. be two additions to our cler- icail force. Messrs. Tyson and Ander- son, who have heretofore been con nected with the American Bank, will hereafter be members of the clerical force of the Fourth National Bank" "
 The purchase of the American Bank affords the Fourth National Bank the opportunity of making finer financial showing even than heretofore. In the first place the total footings of the banks resources will amount to more than a million and half dollars. Moreover the total deposits of the Fourth National Bank will amount to more than a million dollars.
 The first notable change by req sons of the absorption of the smaller bank by the larger will be the in- crease in the capital stock or the Fourth Natonal Bank as soon as the increase is approved by the uomptrol- Ter of the Currency. The capital stock of the Fourth National Bank will be increased from $250,0OU to $500. 900 This is the second increase of capitol stock made by the Fourth National Bank during the past year. On the first of last year the first increase of 350,000 was made, when the total of the capital stock was lifted from $20O,O00 to $25O,000. The merger final iy effected yesterday will bring this total with the approval of the Comp troller of tho Currency up to $5OO.0oU.
 The Large Deposits.
 The officials and the members of the clerical force of the Fourth Ma tional Bank arc at work upon the de- tails of the compilation of the funds and resources of the two banks. The exact figures will not be obtainaole until after the meeting of the Board of Directors. which will be held on Januarv g. 1906, about which time a statement will probably be called for by the Comptroller Of the Currency. In the meanwhile the general state ment is made that the deposits Of the Fourth National Bank now amount to a million dollars. and that the total footings of the resources of the bank
 mi dollars.
 The American National Bank which has just gone out of existence, or has become a part of tho Fourth Ma tionaI Bank, had capital stock of sIoO, ,OOO. It was founded two years ago by the late William Berney' w--o was elected President and who re- mained at it's head until his death three months ago, Since his death the ofice of president has remained Va cant. It's duties were discharged by vIr. Isrestdent l. ". Black. S. L. Ty