The Bridgeport evening farmer., 1909-07-20
BRIDGEPORT HAS
 $l,OOO,OOO BANK
Consolidation of First with
 Bridgeport National Con- cluded and Forces Unite
C. (. SANFORD PRESIDENT

The consolidation of the two oldest national banks in Bridgeport, exclu- sively foretold by the Farmer, was completed today. The stockholders of the First National Bank and the Bridgeport National Bank held special meetings and voted favorably on the plan of uniting the two institutions Negotiations looking towards this mer- ger have been in progress for some months past but confirmation of the -umor came only after the stockhold- CTS of both banks had held their meet ings. The consolidated bank will hereafter be known as the First Bridgeport National Bank and will be located in the First National Bank building. The transaction of business at the former office of the Bridgeport National Bank will be discontinued and after today all the business will be transferred to the new office in the First National Bank. The combina- ton of these two strong financial in- stitutions affords a bank with a. cap fta1 and surplus of upwards of one million dollars.
 The bank will be the largest finan- cial institution in Bridgeport. It's of ficial board and clerical force as a re- suit of the consolidation have been combined, making the largest force of bank officers and employees in the State- Charles G. Sanford. who has been president of the First National Bank, will continue as president of the new organization. F. N. Benham, formerly cashier of the Bridgeport National Bank, has been elected vice president, and O. H. Brothwell cash fer.
 The history of both institutions is a long and credftable one. The Bridge port National Bank having been found ed in 1906 and the First National in 1S40. There being no national bank n institutions were organized as State banks. In order to accommodate the increased business, alterations are now being made in the First National build ing. A mezzanine floor will be con- structed to accommodate the increased clerical force and every facility and convenience for the handling of GUS toners business will be installed.
 The business of the Bridgeport stock holders tllis morning was to tqutdate the affairs of thes bank, while the stockholders of the First National Bank elected the directors of the Bridgeport National Bank as directors of the First National Bank.
 Thomas B. DeF'orest was today elect ed chairman of the executive commit tee of the board of directors. Mr. De- Forest was formerly the president of the Bridgeport National Bank
 As to the use that the United Bank building will be put to in the future no official announcement was made by the bank today. It is understood, however, that as soon as the City Saw ings Bank builds it's proposed new building in Main street at the head of Elm street that the entire building will be remode1ed to make a new home for the new million dollar bank.
 The officers and directors of the con- solidated bank are: President. Charles G. Sanford; vice president, Frank N. Benham; cashier. O. H. Brothwell; i; directors, Thomas B. DeF'OreSt, chair man, Edward Sterling, Enoch P. Hincks Alexander Hawley. Edward w. Marsh, Charles G. Sanford, Charles B. Read, Horace l.. F'airchild, J. B. Corn wall, O. H. BrothweIl, Jerome Orcutt, Edwin M. Jennings, John w. Wheeler, George F. Somers, DeVer H. Warmer, B. N. Sperry, F. N. Benham, William s. Plumb, Samuel A. Burns, Waldo c. Bryant and Robert s. Hinchs.
 The First National Bank has a cap ital of S25O. 900, and the Bridgeport Ma tional Bank a capital of s215, 900, and the deposits of each are in the neigh bonhood of s1, BYE, 900.
 The future home of the First Ma tionaI Bank will be in the present United Bank building. This building will be remodeled. but the remodeling plans are yet to be considered.